Anti-Business States Hurting, Pro-Business Texas Doing Well

[Oildog]

Originally Posted by GregW

Texas has been living off the rest of the country because of the oil and taxpayer funded aerospace businesses. Now that the oil has been pumped and aerospace is cutting back Texas may just not be such a business paradise. Welcome to a world of declining opportunities as the resources are depleted and other industries are shipped to China and India.

I think the opposite is true. Texas would do just fine by itself. Texas is kind of the last bastion of independence in the US. It is business friendly because of the realization that a business friendly state makes more jobs and economic properity for the area. Oil was here and shipped outward to the other states.

[RichardeGall]

Texas has a few things going for it: they have no corporate or personal income tax. They allow their cities to sell muni bonds and then use those funds to attract corporations to expand their operations in their state. Which is why half of all the jobs created in the US between 2007 and 2008 were created in Texas.

There are about a dozen pro-business states. And California is one of the least pro-business.

[RichardeGall]

Originally Posted by Humanoid

Yeah, I'm seriously thinking of relocating from California to Texas due to the tax situation in California. It doesn't hurt so much when you aren't making much, but as soon as your income goes up (especially from business activities) its a major burden.

If you are serious, my company helps people relocate from bad business states to pro-business states. Ecodev LLC | (952) Internationally recogized experts in Site Selection Analysis, Implementation, and Economic Development - 944-0012 and rich@ecodevllc.com if you want to talk about it. We find the best tax structure, cash grants, and subsidized real estate options for companies.

For you it might not be Texas. Could be Florida. Or Nebraska. Or one of a number of states.

Rich

Richard Gall
EcoDev, LLC
651.214.5761