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//State of Texas Entices Major Companies as well as Multifamily Investments

State of Texas Entices Major Companies as well as Multifamily Investments

State of Texas Entices Major Companies as well as Multifamily Investments

The State of Texas had always a stellar reputation in terms of a business-friendly environment, but the last ten (10) years have witnessed this prestigious reputation attain new heights. With zero corporate income tax and zero personal income tax, the State of Texas is still one of the best locations for business.

Paired with a low cost of living, it is a known fact that businesses from all over the United States are lining up in entering the said State. Within the last decade, there has been a significant arrival of corporate headquarters and regional hubs having an exodus because of high regulation and high cost like San Francisco. With a lot of companies searching for a new place to call home, the State of Texas has heeded the call.

Companies such as Toyota, ExxonMobil, Dell, Valero, USAA, Yum!, McKesson, Texas Instruments, Southwest, and Wholefoods are among the settlers in the lone state, as per Texas Development Corporation, Dallas Regional Chamber, and Fortune. As per Walker and Dunlop, the Dallas Forth-worth Metroplex has enticed 137 new corporate relocations for the last eighteen (18) months.

This is an overwhelming amount that reinforces the notion that the State of Texas is an enticing place to hold business operations. Some of these companies like Uber and Charles Schwab and the Professional Golfer’s Association (“PGA”) are added to the list. But, it is not Dallas Fort-worth that is enjoying a huge surge of move-ins. It is also anticipated that Austin will have an astounding record figure of jobs created because of corporate locations last year. Relocating companies have announced more than nine thousand (“9000”) new jobs moving into Austin Area.

 

[1]

The professional business approach of the State of Texas has been a success in enticing companies, with one of the biggest impacts of these relocations being growth in jobs and population. Verily, jobs and people are the central factors for enhancing demand in multifamily investments. Based on reports, the DFW metroplex has increased by at least a million residents in the past ten (10) years. During the year 2019, DFW added about 120,000 jobs to the economy of the region.

As we have witnessed in the last ten (10) years, companies are steadily selecting Texas as their novel business location and show no signs of this trend to retard. In the long run, its lack of personal and corporate income taxes, together with a low cost of living, promised efficiently for the continual addition of jobs, people, as well as the demand for workforce housing grows ever bigger.

If you are looking to move to Dallas Texas and need an expert to help you find the right neighborhood, contact us today at ReByKaylee.

[1] Walker & Dunlop DFW And Austin Outlook Report

If you are looking to move to Dallas Texas and need an expert to help you find the right neighborhood, contact us today at ReByKaylee.

Kaylee McMahon

Apartment investor/ TREC® Brokerage LLC Owner c: 469-990-4627 (text or call) www.rebykaylee.com

kaylee@rebykaylee.com IG: Rebykaylee

By | 2021-03-03T20:37:56+00:00 March 3rd, 2021|Uncategorized|Comments Off on State of Texas Entices Major Companies as well as Multifamily Investments

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