Lawrence Person's BattleSwarm Blog
As long as I’ve been blogging (and long before), the Texas economy has been growing by leaps and bounds. That trend continues with Texas leading the nation in economic growth.
As California continues to impose strict regulations on businesses, many companies have moved to Texas, strengthening Texas’ position as America’s new financial capital.
In a meeting in Houston on Friday, Secretary of the Treasury Scott Bessent spoke on the contrast between California and Texas.
“In California, I saw firsthand what years of failed governance looks like: a tax system that is hostile to ambition. A regulatory state that smothers enterprise. An economic climate indifferent to consequence,” said Bessent according to Fox News Digital. “Here in Texas, meanwhile, the contrast is so striking that it begins to feel like a tale of two states.”
Since 2018, 725 companies have moved to Texas, including behemoths such as Hewlett-Packard, Charles Schwab, and Chevrolet, underscoring the state’s business-friendly appeal.
More:
https://www.battleswarmblog.com/?p=72069