Global Trade Magazine has named Texas its top state for global trade in the nation. Texas, which has led the nation in exports for the past 11 consecutive years, beat out Florida and California this year for the magazine’s top honor.
“Over the last 10 years, Texas has built one of the best job creation climates in the nation by committing to low taxes, smart and predictable regulations, fair courts and a maintaining a highly-skilled and educated workforce,” says Texas Gov. Rick Perry. “This combination has not only attracted businesses of all sizes from around the world, it has also given Texas the opportunity to grow and thrive.”
Global Trade conducted a survey that compared production volume of small and midsize companies, which the magazine defined as a firm with fewer than 500 employees.
The survey ranked each state by the quality of its infrastructure and regulatory hurdles placed on its companies.
“Texas’ success is no doubt a sum of its parts,” Global Trade wrote. “Its excellent infrastructure, its commitment to low regulatory burdens and the wealth of global enterprises already established among its many cities all make the state the undisputed frontrunner for global trade.”
In a separate report, the magazine also named six Texas cities in its top 25 best cities for global trade. Houston took the top spot, followed by San Antonio, Dallas, Corpus Christi, Brownsville and Beaumont.
Source: SA Business Journal