Manage episode 298661706 series 2636060
10 reasons why you should relocate your business to DFW? Seriously?? I'm limited to 10? Come be our neighbors...you'll like it!
Let's dive right in:
- Central Time Zone - with the advent of constant shipping/traveling/gotta be there now being centrally located in the country is highly desirable. Distribution of good is faster and cheaper and travel is more convenient.
- DFW Airport - having a huge, international airport that flies practically anywhere is invaluable to business owners. You can fly anywhere in North and Central America within about 3 hours or less. It's the 4th busiest airport in the world based on passenger travel behind 2 in China and Atlanta. It's interesting, of the top 15 airports in the world, 9 are in China, 1 in Japan and 5 in the US - Atlanta, DFW, Denver and LAX. A great airport like that is a huge economic engine for the region.
- Low Taxes (corporate & individual) - Texas has always prided itself on having no income tax. That said, we do have a higher property tax rate, but the net is still heavily advantaged to us. Corporate taxes incentives are normally given away like candy whenever a big company states they wish to move to a city in Texas. If you look at the total tax burden paid by individuals in the US, guess which state is #1 (and not in a good way) - NY. Hawaii, Vermont, Maine and Connecticut or Minnesota (depending on the source) round out the top 5. Texas is #30 according to Wallethub.com and #47 according to TaxFoundation.org. Corporate taxes are a little different. South Dakota & Wyoming tie for 1st, then Missouri, North Carolina and South Carolina are the top 5 according to Taxfoundation.org. Texas is #47.
- Low Cost of Living - housing, food, taxes (again-see above), transportation-just across the board we rate better than most big areas. NYC is the worst in the US followed by SF, Anchorage, Honolulu and Brooklyn. Dallas is #52 according to Numbeo.com
- Labor Force - we've always had a wealth of blue collar workers, financial and oil and gas workers etc. While Austin is now called "Silicon Hills" for the tech companies it's attracting, DFW is one of the top cities in terms of high-quality tech worker availability.
- Weather - normally, Texas is a more moderate climate than other locales, but of late, it's hard to predict the weather anywhere! 120 degrees in Seattle recently? All said, we still experience more sunshine and less rain, sleet and snow than many metropolitan areas. This translate to more reliable transportation of people and goods and a smoother overall economy.
- Education - while I know you are referencing our big universities and their panoply of disciplines, I also would point out that there are lots of other educational venues locally from tech to real estate to hospitality to culinary.
- Cultural Opportunities - DFW area is the home to many one-of-a-kind culture venues from the Kimball and Amon Carter Museums in Fort Worth to the Nasher Sculpture Center in Downtown Dallas. There are far too many to name.
- Quality of Life - DFW is highly liveable with lots of things to do and the weather to allow you to do it.
- Pro-Business Attitude of People and Governments - one of the best reasons to live here are people's attitudes. Government and schools understand that businesses and the jobs they create are what attracts people to DFW. People move here with no jobs just because of the reputation.