Texas accounted for one-fifth of U.S. net new jobs since 2020 amid a wave of corporate relocations and investment.
Texas has attracted 184 corporate headquarters since 2020, including Tesla (TSLA) and Caterpillar (CAT), as companies shift operations to the state. The relocations contributed to Texas generating roughly 20% of all net new U.S. jobs during the period.
The state’s appeal stems from lower costs, business-friendly policies, and abundant land for expansion. A new Texas Stock Exchange is set to launch this summer, further signaling the state’s growing financial prominence. ExxonMobil (XOM) and other energy firms have also expanded their presence.
Texas is projected to build 40% of all U.S. utility-scale solar capacity this year, supporting a surge in data center construction powered by cheap ERCOT electricity.