Texas is an attractive state for businesses for several reasons which include the high amount of cultural diversity, pro-business tax climate, and infrastructure. Behind Texas’ powerful economy are 50 Fortune 500 companies that are headquartered there, which include ExxonMobil, AT&T, American Airlines, and Sysco. Not only did they have the highest number of exported goods, but Texas was also the leading state for chemical exports.
Texas’ economy is driven by oil and exports, as Texas has the highest levels of crude oil production in the country, and exported goods worth about 301.26 billion U.S. dollars, the second-highest in the United States. In 2020, the real GDP of Texas was 1.7 trillion U.S. It includes everything from coarse sands, tight clays, and. Texas is also home to three NBA teams, the San Antonio Spurs, Houston Rockets, and Dallas Mavericks.Īs one of the leading state economies in the United States, Texas has seen an increase in their state GDP over the past 20 years, with a dip in 2020 due to the impact of the coronavirus pandemic. Covering an area of more than 268,581 square miles, Texas geography is diverse as it is massive. Both MLB teams, the Houston Astros and the Texas Rangers, had lucrative revenues valued at over 300 million U.S. Sports are also a large part of Texan culture, with their most popular sport being American football, which includes the most valuable team in the NFL, the Dallas Cowboys. Johnson Space Center, and Guadalupe Mountains National Park. Significant attractions include The Alamo, Lyndon B. state by both area (after Texas) and population (after. Texas is home to top universities such as Rice University, Texas A&M, and the University of Texas system. Allowing for this fact, the largest concentration of Spanish land grants in Texas today is located in the area between the Nueces and Rio Grande rivers. Texas is a state in the South Central Region of the United States.
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