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Why Texas is doing so much better economically than the rest of the nation.
By Daniel GrossPosted Monday, April 19, 2010, at 10:09 AM ET
Once a separate nation, Texas has recently been behaving more like an independent economic republic than a regular state. While it hasn't been immune to the problems plaguing the nation, the Texas housing market, employment rate, and overall economic growth are relatively strong. Moderator cut: remainder of copyrighted article
Last edited by Bo; 05-13-2010 at 08:43 AM..
Reason: Do not post long/full excerpts of copyrighted articles. Post two sentences and a link to the original.
I'm not for sure on this. But I'm thinking that the influx of people from Louisiana a couple years ago might skew these numbers a bit. Both positive and negative.
First of all, the sudden increase in population could exaggerate your level of unemployment. So Texas' unemployment might not actually have been at 8.2% had people returned to Louisiana post Katrina.
By the same token the mortgage delinquency rate would be exaggerated lower, because you are adding population without necessarily adding mortgages, I'm assuming not all of the new Texas residents purchased new homes upon arrival.
An awful lot of factors figure in to the economic health of every state. But for small enterprises, could Texas in general be more supportive of small businesses and self-employment (home occupations, for example)?
Portland-Metro area of Oregon, for example, has never been small business "friendly", due to way too much bureacracy and too many restrictions. Unfortunately, with the exception of Intel and NIKE, Big Business is almost non-existent.
Location: Austin, TX/Chicago, IL/Houston, TX/Washington, DC
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Quote:
Originally Posted by Bluesmama
An awful lot of factors figure in to the economic health of every state. But for small enterprises, could Texas in general be more supportive of small businesses and self-employment (home occupations, for example)?
Portland-Metro area of Oregon, for example, has never been small business "friendly", due to way too much bureacracy and too many restrictions. Unfortunately, with the exception of Intel and NIKE, Big Business is almost non-existent.
Yeah it is friendly to small businesses.
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