Texas has the second-largest economy in the United States, with a gross state product that rivals many nations. The state is a global leader in the energy sector, particularly in oil and gas, but has also diversified into renewable energy, technology, healthcare, and aerospace. Texas has a low cost of doing business, with no state income tax for individuals and businesses, making it highly attractive for company formation and investment. The state’s major cities—Houston, Dallas, Austin, and San Antonio—are hubs of innovation and business activity, drawing both entrepreneurs and large corporations.
Texas holds a strategic position, with its proximity to both North American and Latin American markets, making it a vital hub for trade, transportation, and logistics. Texas is home to several major international ports, including the Port of Houston, one of the busiest in the U.S. The state’s extensive highway, rail, and air transport networks make it a key player in global commerce. Additionally, Texas has strong trade relationships through its role in the North American Free Trade Agreement (NAFTA) and its successor, the United States-Mexico-Canada Agreement (USMCA), providing companies with access to international markets.

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