Why Make an EB-5 Investment in Texas?
Texas boasts several economic advantages. Among them, lower cost of living, a great place to do business and the fastest growing metros and state.
Among the four most populous states in the United States, California, Florida, New York and Texas, Texans spend less on housing and utilities. In Texas, the low cost of construction and real estate give way to higher standards of living and doing business. Texans enjoy the lower cost of living not only due to real estate, but also to no local state income tax.
In Texas there is no added income tax on the level of income brought in to the household as in California and New York. These lower cost lead to opportunity. As of now, real estate is affordable and only going to increase in value years to come. It is a good time to invest while it remains affordable.
Texas houses 52 headquarters of the top Fortune 500 companies. Not only is there a low cost of living, but there is a low cost of doing business environment in Texas. Texas holds the title as the nation’s top exporter for 11 years in a row. The Texas Economy as a whole, is the 14th largest worldwide, all on it’s own. The state real GDP grew by 4.8% leading the nations 2.5% growth last year.
Finally, Texas has been leading the United States in job growth and job opportunity, which has been leading to migration of population to Texas. The migration has led to expansion of all the Texas Metros and ranking 5 as the fastest growing. According to the US Department of Labor, 50% of the job creation is attributed to Texas.
The bottom line is that Texas has the eyes and ears of the world as it’s growth leads in opportunity and leading to being named the following:
- #1 State to do Business – the Wall Street Journal
- Best State for Business – Chief Executive Magazine
- Best Place to Live – Forbes Magazine