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Nexudus - Tech Stack Lovers
Home News Business

Texas Is Becoming A Haven For Businesses, But Why?

Over the last few years, Texas has become the go-to destination for technology corporations, small startups, and professionals looking for an innovative atmosphere.

Aayat AlibyAayat Ali
December 27, 2021
in Business
Reading Time: 2 mins read
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Texas Is Becoming A Haven For Businesses

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Texas has emerged as one of the top states for business and professional migration, particularly during the pandemic.  

But why is this occurring, and why now? Simply put, Texas has seemingly found the perfect algorithm that makes a successful company: attracting top talent, technology startups, and venture capital firms. 

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Bringing in top talent is at the core of a healthy ecosystem and economy, and Texas has excelled in this arena. 

Cities like Austin have brought in an influx of new workers over the past few years, with companies like Meta, Google, Tesla, and others migrating to the state thanks to its lower cost of living and tax incentives. 

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Texas has also seen continued investment into STEM jobs, which has helped attract new workers to the area and contributed to the flood of new professionals moving to the state. 

Along with the increase in job availability, Texas has also become a haven for the venture capital community. 

Silicon Valley no longer has the market cornered — Silicon Hills in the Austin area saw $6.9 billion in venture capital funding last year. 

While the region still has ways to go compared to Silicon Valley’s $135.1 billion from last year, it is seeing continued momentum as other venture capital firms catch onto this trend. 

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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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