Texas Becoming New Hot Spot for Tech Companies
Texas has been known as a business-friendly state for decades, and many entrepreneurs from Silicon Valley are now choosing to move their startups south to the Lone Star State. With wide open spaces and an absence of personal income and corporate income taxes, Texas has become the latest hot spot for tech companies looking to relocate their operations. Texas Representative Roger Williams told FOX Business, “We’re seeing a lot of job growth and a lot of startup companies and it’s being fueled in many cases by energy but also by the opportunity of no personal income tax. [It’s] a very business friendly state and it wants businesses to come and start up.”