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EDT works alongside the Texas Economic Development Corporation (TxEDC), an independently funded and operated 501(c)(3), to market and promote the state for business and travel.
The 156-page economic development guide shares information about the state’s economy, financial statistics and specific examples of industry sector growth.
A few notable stats include:
- Approximately 275 corporate headquarters have moved to Texas since 2015.
- Cumulatively, these companies have generated about 6,500 new jobs.
- Last year alone, 37 major companies announced they were moving to Texas.
- The state has $188.2 billion in revenue for general purpose spending during the 2024-2025 biennium — a 26 percent increase from the 2022-2023 biennium.
- “State revenue from all sources and all purposes is expected to reach $342.3 billion for the 2024-2025 biennium,” according to Glenn Hegar, the state’s comptroller.
As for the state’s technology industry, the report shares the following:
- In 2020, approximately 150 technology companies announced their plans to move to the state. The state has amassed a tech workforce of 867,000 people.
- According to the Computing Technology Industry Association’s (CompTIA) State of the Tech Workforce Report, the state “created 10,851 new tech-related jobs in 2022 and was ranked No. 1 for tech employment growth.”
- CompTIA estimates that the state’s tech employment will grow by 2.7 percent over the next year, adding 21,000 new jobs.
- By 2032, the association predicts an 18 percent increase, creating 83,000 more tech jobs.
More information about the state’s economy and other industries can be found online.
