Starting A Technology Based Business In Texas

Texas the state of big hats, big friendly attitudes, and big business. That’s what you’ve heard anyway and it’s true! If you been considering starting a technology based business in Texas you’re a smart entrepreneur.

Technology is the future. It goes far beyond our computers and cell phones, it has entered every aspect of our modern day lives. From our vehicles to our appliances to our communication. Our modern day world is built around technology and technological advances and 30% of the GDP comes from the high tech sector, and it is expected to continue to grow.

But what about starting a technology based business than Texas? Texas is a good choice and offers a competitive environment for technology based businesses. In recent years the technology sector has out performed all other sectors of the economy and the sales dollars also outpaced all other sectors.

Technology is the fastest growing export in Texas accounting for more than 50% of Texas exports. And with the growing industry comes growing employment accounting for the fastest employment growth of all sectors.

Dallas, Houston, El Paso, Austin, San Antonio, and Fort Worth are considered the technology hubs of Texas with more than 80% of all technology sales originating from these cities. These cities are also able to support the needs of technology based businesses offering a full spectrum of infrastructure services such as education, transportation, suppliers, and tech clusters, all required by technology companies.

Where the most technology jobs are located depends a great deal on which technology industry you study, but all of these cities can boost more than a 35% of the entire city’s employment opportunities are in technology fields. Some are much higher.

Because of the importance and growth in the technology sector in Texas tax policies have been implemented relating to this sector which encourage future growth and development.

Texas offers a competitive environment for corporate expansions, new industry, and smaller entrepreneurs. Many of the regions offer terrific incentive programs to attract technology industries to their communities. Each area or city offers their own incentive programs so you’ll want to check what each has to offer.

Texas realizes while currently they hold one of the top ranks for the technology industries and jobs, they will need to continue to work hard with innovative programs to continue to encourage growth in these sectors within their State.

Texas tax policies are very competitive for the computer industry, biotech industry, and software development industry. However they are not as competitive in some other areas such as telecommunications. They are much stronger in technology industries that require human capital, in other words create employment opportunities.

Exporters provide a unique revenue for the Texas economy bringing new dollars to the state that otherwise would not materialize. This increased flow of cash has stimulated growth in Texas. Texas recognizes the value of the technology sector within the state and will continue to promote Texas as a location for your technology business, by offering incentives.

So if you’re thinking of starting a technology business in Texas, you’ve made a great choice. There are plenty of opportunities and lots of government incentives. So what are you waiting for?

Deon Melchior is the Editor and Publisher of Article Click. For more FREE articles for your ezine and websites visit ArticleClick.com. Article Click is a free content article directory. This means that as a publisher you may reprint the articles that are included in our site, as long as the article is unedited and the author box is included with it's live hyperlinks.