There’s no stopping its growth: Texas Business is Still King

The results just in: Texas Business is still King!

CNBC’s “America’s Top States for Business” 2018 study has declared the Lone Star State as No.1. The study ranked American states based on 10 metrics ranging from economy to quality of life. Data was collected from official government sources, business and policy experts, CNBC Global CFO Council, and other sources. The verdict? 2018’s study proved that Texas Business is still King.

Texas is the only state to have ever received the top spot four times. The last time Texas was declared No.1 was in 2012 though the state consistently scores well across the board, having never ranked below the top 5.

The energy sector is a major driving force for the economic boom in Texas business, with oil prices rising 60% and the sector creating over 350,000 jobs just last year. According to its rankings in specific categories like infrastructure (the state ranked No.1), access to capital (No.3), technology and innovation (No. 9), and cost of living (No.11), Texas business is looking pretty good.

CNBC isn’t the only one that’s recognized Texas’ economic dominance. A “2018’s Best & Worst States to Start a Business” study by WalletHub also acknowledged that Texas Business is still King. After evaluating all 50 states according to business environment, access to resources, and business costs, the study determined that Texas was the ideal location for new businesses.

Are you engaging in research activities to keep Texas businesses at the leading edge of the competition? Did you know your research activities could be eligible for the R&D Tax Credit and you could receive up to 14% back on your expenses? To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Swanson Reed is Texas’ largest Specialist R&D tax advisory firm, offering tax credibility assessments, claim preparation, and advisory services. We manage all facets of the R&D tax credit program in Texas, from claim prep & audit compliance to claim disputes. 

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPA’s.  For more information please visit us at or contact your usual Swanson Reed representative.

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