The FORT Podcast: Why Texas is a Smart Place to Invest
There’s been a ton of talk about Texas with the growth of Austin, the mass migration from other states, and our booming Tech industry. This episode deep dives into why Texas is a great place to invest your future business, real estate plans, and life. Enjoy!
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(01:42) – Texas Statistics & Population
(04:24) – The Income and property taxes
(04:59) – The Housing Market
(06:20) – Texas’ Seaport, Border and labor Trade
(07:21) – Oil & Gas
(09:26) – Blooming Tech Industry
(10:14) – Corporate re-locations
Tesla, Apple, Uber, Charles Schwab, Toyota, Goldman Sachs, Samsung, The Vanguard Group, JP Morgan
(13:06) – Texas Climate
(13:56) – Cannabis
(14:45) – Farming
(15:00) – DFW Airport
(15:42) – Colleges & Universities
(16:25) – Sports
(16:50) – Infrastructure
(17:25) – Wrap Up
Episode Summary
In the latest episode hosted by Chris Powers, the podcast delves into the compelling narrative of why Texas stands as a beacon of investment opportunity, particularly in the real estate sector. Powers, with his profound understanding of the Texas economic landscape, unravels the facets that make the state a magnet for businesses and individuals alike.
Powers opens the discussion by spotlighting Texas’s robust economic performance, contributing to the second-largest GDP in the United States in 2020. The state’s business-friendly environment, coupled with a supportive governmental framework, fosters an ecosystem where businesses and entrepreneurship flourish. The state’s unique moral and value systems, fused with a palpable sense of state pride, further amplify its allure as an investment destination.
The podcast seamlessly transitions into highlighting the low cost of doing business in Texas, a compelling factor drawing businesses and individuals to the state. The low unemployment rates paired with a steady surge in population growth post-COVID underscore the state’s demographic and economic stability. The state’s urban appeal is further reinforced, hosting six of the top 50 cities in the United States by population, showcasing its infrastructural readiness and allure.
Powers, in the subsequent segment, casts light on the advantageous tax environment in Texas. The absence of state income tax, despite being offset by higher property tax rates, stands as a significant attractor, accentuating Texas’s overall affordability. With a median home price notably lower compared to other states, Texas emerges as a beacon of affordability and economic sensibility.
Moving forward, the podcast illuminates the expansive growth in Texas’s housing and international trade sectors. The issuance of a substantial number of single-family housing construction permits is attributed to the state’s ample land availability, preventing uncontrolled escalation in housing prices. The state’s strategic geographical positioning, fostering robust border trade, and the significant role of the Port of Houston, further cement Texas’s economic dynamism.
As the discussion unfolds, Powers brings to the forefront Texas’s thriving oil and gas sector, a crucial contributor to the state’s economic makeup. The state’s legacy assets and extensive infrastructure facilitate low-cost production, reinforcing its position as the top oil and gas producer in the United States. The mention of the episode’s sponsor, Juniper Square, punctuates this segment, showcasing a real estate investment management software enhancing operational efficiency.
The narrative then shifts to the burgeoning tech industry in Texas, with a spotlight on cities like Austin, Dallas-Fort Worth, and Houston. The presence of a substantial number of startups, particularly in Austin, signals the state’s accelerating growth in the tech domain. Texas’s emerging stature as a significant global tech hub is articulated, alongside the trend of prominent corporate relocations to the state, exemplified by Tesla’s move to Austin.
The podcast highlights the significant investment and development by major companies like Apple, Uber, and Charles Schwab, each contributing to Texas’s economic and employment landscape, further enhancing the state’s position as a burgeoning corporate hub.
In the final stretch, the podcast touches upon the anticipated growth in the cannabis sector, Texas’s leadership in farming, and the strategic role of the DFW airport in attracting corporate investment. The extensive educational infrastructure and the rich sports culture in Texas are highlighted as additional factors enhancing the state’s cultural, recreational, and demographic appeal.
The FORT is produced by Straight Up Podcasts