Texas is a great place to do business and Austin is certainly no exception to this list. Austin is a great place to work, live and raise a family. And when you are shopping for Austin custom homes, there is no better builder to work with than Sterling Custom Homes. Chief Executive magazine recently surveyed 651 CEOs nationwide to determine the best and worst states to do business in and Texas once again tops the list.
Texas is ranked as the second-most populated state and it represents the world’s 12th largest economy. Amazingly 70 percent of all new U.S. jobs have been created in Texas since 2008. So it is not surprising that it scores high in all the areas CEOs value the most.
According to the Census Bureau, Texas gained over 848,000 net new residents in the last 10 years. This is not surprising considering the low cost of living in Austin. Not only does Texas offer a favorable business climate, but it has a low tax burden and competitive regulatory environment. Costs for real estate, energy, wages and taxes are below most states in the country and highly competitive. A huge benefit to both homebuyers and businesses alike is that Texas boasts one of the lowest state and local taxes in the nation with no personal or corporate income tax.