The Houston Business Journal has reported that Texas has received yet another award touting our business climate — the 2015 Gold Shovel Award from Area Development Magazine. Billions of dollars in new development and the relocation of Toyota’s headquarters to Plano — along with some 4000 jobs — were among the contributing factors to our state’s ongoing business success. JGC American Inc. also plans to add roughly 1000 jobs for its new Westchase location in Houston. Of course, the concerns over […]
We’re No. 1
This article at the Dallas Morning News proves what we at the State Bank of Texas have long known: Texas is the best place in the country to do business. Sean Lester writes, “Despite the state of Texas’ recent decline in job creation, the Lone Star state appears to still be the country’s top destination for doing business and creating business opportunity.”
Major moves in DFW commercial real estate
The commercial real estate market in North Texas is thought to be notoriously volatile, and several recent events have proved that true. Yet even with falling oil prices, and a mixture of good and bad news, the overall picture remains positive.
More good news for the construction industry
Universities all over the United States were, like other institutions, hit by the recession. But as the recovery continues, university finances are doing so as well. Which means construction projects that were put on hold are now roaring to life. Private universities are leading the way, not being dependent on state budgets. Yale, with its generous donors, has raised $500 million dollars to construct two new residential colleges. Massive projects are similarly underway at Notre Dame. And Texas, of course, is building […]
What happens in Texas, stays in Texas?
Dallas is already home to over 70,000 hotel rooms. Houston boasts over 66,000, and Austin weighs in with another 30,000. And the draw of those three cities for conventions, sporting events and business shows no sign of slowing. Add San Antonio to the mix, with the River Walk and SeaWorld, and Texas is a well-supplied perpetual tourist mecca.