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Economy of Texas
In 2005 Texas had a gross state product of $982.4 billion, the second highest in America after California, after recently surpassing New York state. Gross state product per capita as of 2005 was $42,975. Texas's growth is often attributed to the availability of jobs, the low cost of housing (housing values in the Dallas and Houston areas, while generally rising, have not risen at the astronomical rates of other cities such as San Francisco), the lack of a personal state income tax, low taxation and limited regulation of business, a geographic location in the center of the country, limited government (the Texas Legislature meets only once every two years), favorable climate in many areas of the state, and vast, plentiful supplies of oil and natural gas. Texas has 4.6 billion barrels of proven crude oil reserves. Texas remained largely rural until World War II, with cattle ranching, oil, and agriculture as its main industries. Cattle ranching (though important) was never Texas's chief industry – before the oil boom back to the period of the first Anglo settlers, the chief industry was cotton farming (as in most of the South).

In 1926, San Antonio had over 120,000 people, the largest population of any city in Texas. After World War II, Texas became increasingly industrialized. Its economy today relies largely on information technology, oil and natural gas, fuel processing, electric power, agriculture, and manufacturing. The major segment of the economy depends largely on the region involved – for example, the timber industry is a major portion of the East Texas economy but a non-factor elsewhere, while aerospace and defense manufacturing is primarily centered within the Dallas-Fort Worth Metroplex.

The state has two major economic centers: Dallas and Houston. Houston stands at the center of the petrochemical and biomedical research trades while Dallas functions as the center of the aerospace/defense manufacturing and information technology labor market in Texas.

As of 2006, Texas, for the first time, has more Fortune 500 company headquarters (56) than any other state (California has 55; ironically, it was due to the move of Fluor from California to Texas). This has been attributed to both the growth in population in Texas and the rise of oil prices in 2005, which resulted in the growth in revenues of many Texas oil drilling and processing companies.

Texas is the largest international exporter among the 50 American states, with international merchandise exports totaling $117.2 Billion in 2004. In 2002, the Port of Houston was 6th among the top sea ports in the world in terms of total cargo volume; Air Cargo World rated Dallas-Fort Worth International Airport as "the best air cargo airport in the world".

Texans pride themselves in a history of tradition, yet they seek new social and technological developments also. Round Rock (an Austin suburb) is the headquarters of Dell and the surrounding area is known as "Silicon Hills". Dallas is a famously cosmopolitan metropolis and the birthplace of the integrated circuit, Houston is a global leader in the energy industry. The cultures of San Antonio and El Paso retain their Mexican heritage while Fort Worth maintains its western heritage. With a nod to its diversity and its past as a former sovereign nation, the state tourism slogan is "Texas: It's like a whole other country.®" (The slogan is used only in domestic advertising, a different slogan is used for marketing to Latin American countries.)

Texas is one of the top filmmaking states in the United States, just after California and New York. In the past 10 years alone (1995-2004), more than $2.75 billion has been spent in Texas for film and television production. The Texas Film Commission was founded for free services to filmmakers, from location research to traveling.

Since 2003, Texas state officials have been committed to developing the economy of Texas with various initiatives such as the Texas Enterprise Fund and the Texas Emerging Technology Fund, which invest money into developing Texas business.




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About The Action Group

JOE THYNE I joined the military on April 27, 1988 on my 17th birthday (with a waiver signed by my parents). In my military career, I progressed through the ranks first as an E-1 (Private) up to an E-5 (Sergeant).
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Information on this site deemed suitable but not guaranteed for Fort Hood, Harker Heights, Killeen, Copperas Cove, ft. hood, Kempner, Nolanville, Belton, Temple, Holland, Lampasas Real Estate & homes. MLS multiple listing Service data here is provided by outside real estate firms. This covers MLS residential or commercial homes in cities for real estate, such as in Fort Hood, Harker Heights, Killeen, Copperas Cove, ft. hood, Kempner, Nolanville, Belton, Temple, Holland, Lampasas MLS Data here Is useful to buy or sell MLS 1031 homes or other real estate homes, Condos, town homes in Fort Hood, Harker Heights, Killeen, Copperas Cove, ft. hood, Kempner, Nolanville, Belton, Temple, Holland, Lampasas Texas. MLS Transactions are from Texas Realtors, agents, buyers, seller or sellers or real estate agents of Fort Hood, Harker Heights, Killeen, Copperas Cove, ft. hood, Kempner, Nolanville, Belton, Temple, Holland, Lampasas MLS homes of a Realtor® or other buyer or seller. Home data here helps people in IRC, 1031, property, property exchange dealing in MLS real estate and homes and real estate properties in Fort Hood, Harker Heights, Killeen, Copperas Cove, ft. hood, Kempner, Nolanville, Belton, Temple, Holland, Lampasas. Sale can be by Exchangors, exchangers, brokers In MLS real estate for IRC/1031 property exchange or selling a home or condo or town home real estate or condo real estate item. Data helps find MLS homes, condo or real estate town homes, MLS, or residential real estate other properties in Fort Hood, Harker Heights, Killeen, Copperas Cove, ft. hood, Kempner, Nolanville, Belton, Temple, Holland, Lampasas. Joe Thyne serves these cities as a Realtor® and Broker Associate. He serves real estate clients looking for homes and condos and town homes and lots and property in Fort Hood, Harker Heights, Killeen, Copperas Cove, ft. hood, Kempner, Nolanville, Belton, Temple, Holland, Lampasas and nearby cities, supplying MLS and school Information. His real estate buyers and sellers in Fort Hood, Harker Heights, Killeen, Copperas Cove, ft. hood, Kempner, Nolanville, Belton, Temple, Holland, Lampasas are legion.