Marcus Hiles Notes GDP And Trading In Texas Setting Records

Many in the business and real estate development communities in Texas are accustomed to Marcus Hiles. As a public face of the state’s booming economy, he pays close attention to new companies invited into the state. “Companies are relocating to Texas in order to take advantage of our business-friendly policies and stable workforce,” he proclaims. Many of these companies are international, with foreign investors now employing more than a half million Texan workers. The state’s pro-growth policies make moving to Texas an enticing proposition for companies. Both productivity and exports are growing at rapid rates. Exports were valued at $251 billion in 2015, and the state saw a 93 percent growth in exports with free trade agreement partners within the past decade. During that time, the state exported $45.4 billion worth of computers and electronics, $44.1 billion in oil and coal products, and $39.9 billion in chemicals to places around the world. The strongest trading partner is Mexico, with Canada, China, Korea, and Brazil also doing much business with the Lone Star State. Hiles is encouraged and notes that states like California lost over 1,500 businesses over the past eight years.

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