Texas Business-Friendly Climate
E2 Treaty Investor Visa and E1 Treaty Trader Visas
Texas is an economic powerhouse. If Texas were a nation, it would rank as the 10th largest economy in the world based on GDP; ranking higher than Australia, Mexico, Spain, Russia and many others.
More than 50% of foreign direct investment projects into Texas originated from western Europe; which included the United Kingdom, Germany and France, according to the Texas Economic Development Corp.
Texas is a force to be reckoned with as a location for business and skilled talent.
Texas 2018 Economic Outlook
In 2018, the Texas economy is continuing to expand. Texas employment growth accelerated in the fourth quarter; and was strong across most cities and industries.
The Dallas Fed’s Texas Business Outlook Surveys (TBOS) showed strength in Texas revenue and production in January.
Job growth picked up in professional and business services in the fourth quarter and surged in leisure and hospitality and in construction
Texas: Very Attractive for Foreign Entrepreneurs
#1 Exporter: Texas maintains its position as the nation’s #1 exporter—a title the state has held for 16 consecutive years. In 2017, Texas exported $264 billion in goods to destinations all over the world with Mexico, Canada, China, Brazil and Korea as its top trading partners.
Home to World-Leading Companies: Behind Texas’ strong economy are 50 Fortune 500 companies, including ExxonMobil, AT&T, Sysco and American Airlines, more than 1,400 foreign companies such as Toyota, BAE Systems, Siemens and Shell Oil and 2.4 million small businesses. See which Fortune 500 companies have their headquarters in Texas.
13 Million Productive Workers: Texas has the second largest civilian workforce in America—13 million Texans. Our top-notch schools feed a strong pipeline of talent into the state and out-of-state workers continue to flock to Texas to take advantage of diverse job opportunities and quality of life amenities.
Texas Foreign Direct Investment
Foreign direct investment (FDI) occurs when a foreign company finances a U.S. business enterprise. The investment could be through activities such as the opening of new facilities or the expansion of existing ones (called “greenfield” investments). Foreign direct investment FDI creates new jobs and can introduce innovative technologies, management strategies and workforce practices into local economies.
Today, Texas hosts more than 1,400 foreign corporations employing 5 percent of the state’s private workforce. The United Kingdom (U.K.) is the state’s largest single source of FDI.
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