Texas Gov. Greg Abbott celebrated on Thursday a record-breaking economy that has continued to grow in the Lone Star State and attract businesses of all sizes.
Texas has continually been ranked as one of the best economies of any state within the United States, marking a significant accomplishment for Abbott and the lawmakers across the state.
Abbott said in a news release that the Lone Star State has the best economy of any state in the country because “we move at the speed of business.”
“Freedom is a magnet, and Texas offers entrepreneurs and hardworking Texans the freedom to succeed. When choosing where to relocate or expand their businesses, more innovative industry leaders recognize the competitive advantages found only in Texas,” he added in the release.
“The nation’s leading CEOs continually cite our pro-growth economic policies — with no corporate income tax and no personal income tax—along with our young, skilled, diverse, and growing workforce, easy access to global markets, robust infrastructure, and predictable business-friendly regulations. Our great state offers room for businesses of all sizes to grow and their employees to thrive as we build a bigger, better Texas for the next 20 years and beyond,” Abbott said in April after Texas was named Best State for Business by Chief Executive magazine.
The governor’s celebration comes as Texas’ economy continues to be among the best in the country at adding jobs, with another report recently indicating that the state added 274,300 nonfarm jobs between November 2023 and November 2024, per The Dallas Express. The Lone Star State also broke records for the number of Texans working and the size of the Texas workforce, with the overall number of jobs added under Abbott increasing to 2.4 million.
“With the Best Business Climate in the nation and a strong and growing workforce, Texas is where the future is building. To drive continuing job creation and expand economic opportunity for more Texas families, we will end burdensome overregulation, empower businesses of all sizes, and equip more Texans with the skills needed for the good-paying, high-demand jobs of tomorrow. Working together, we will keep Texas the economic engine of the nation in 2025,” Abbott said in celebration of these accomplishments.
Despite the success at adding jobs over the past year, many of the large cities and metroplexes in Texas have experienced slowing real estate markets.
New reporting indicates that Dallas-Fort Worth has experienced some of the worst stagnation of any metroplex in the state, with November home sales remaining stagnant as prices dipped slightly, as previously covered by DX.