Texas

#5of 5165B

Above: Florida (66). Below: North Carolina (63).

Pillar by pillar

Starting up

How many businesses get founded here, and what the state takes in tax.

84+29 vs median

Business applications per 1,000 residents1.874 percentile among the 51 jurisdictionsU.S. Census Bureau
State tax collected per resident$2,87494 percentile among the 51 jurisdictionsU.S. Census Bureau, Annual Survey of State Government Tax Collections

Population health

One comparable public-health read, asked the same way of every state.

44-6 vs median

Adult obesity, 202435.6%35 percentile among the 51 jurisdictionsCDC, Behavioral Risk Factor Surveillance System
Firearm-injury deaths per 100,000 (crude)14.452 percentile among the 51 jurisdictionsCDC NCIPC, CDC NCIPC 2024

Productive base

Output per worker and how much of the job base is manufacturing.

57+6 vs median

Output per worker$182,48976 percentile among the 51 jurisdictionsU.S. Bureau of Economic Analysis
Manufacturing share of jobs6.8%38 percentile among the 51 jurisdictionsU.S. Bureau of Labor Statistics

Labour market

How tight the market is, and which way it moved last month.

37-12 vs median

Unemployment rate4.5%26 percentile among the 51 jurisdictionsU.S. Bureau of Labor Statistics
Employment change, latest month+0.01%48 percentile among the 51 jurisdictionsU.S. Bureau of Labor Statistics

Prosperity

What the average person in the state actually earns.

48-4 vs median

Per-capita personal income$72,36450 percentile among the 51 jurisdictionsU.S. Bureau of Economic Analysis
Adults 25+ with a bachelor's degree or higher35.2%46 percentile among the 51 jurisdictionsU.S. Census Bureau, ACS 2024 1-year

Housing permits and prices

Housing units authorised per 1,000 workers, and what housing costs. It counts permits issued, not buildings finished, and says nothing about industrial or infrastructure approvals.

81+23 vs median

Housing units authorised per 1,000 workers1.282 percentile among the 51 jurisdictionsU.S. Census Bureau
House price index (FHFA)531.380 percentile among the 51 jurisdictionsFederal Housing Finance Agency

Fiscal standing

How Moody’s rates the state as a borrower: on its general-obligation bonds or, where it has none, as an issuer.

100+8 vs median

Credit ratingAaa · Stable100 percentile among the 51 jurisdictionsMoody's, indicative 2025

Openness

Whether the state publishes in a form a machine can read: an open-data portal that answers; incentive, permit and finance records as data; and newsroom feeds.

71+20 vs median

Open-data portal answers an APIYes · data.texas.gov100 percentile among the 51 jurisdictionsCEFA probe, 2026-09
Incentive, permit & finance datasets158 percentile among the 51 jurisdictionsCEFA discovery, 2026-09
Government or agency newsroom feeds254 percentile among the 51 jurisdictionsCEFA probe, 2026-09

Texas highlighted. The map is for orientation — the numbers beside it are the reading.

Tax structure

Census Bureau, Annual Survey of State Government Tax Collections. Where a state levies no such tax the survey records it, and so does this.

Individual income tax: None
Corporate income tax: None

Credit rating

Long-term general-obligation ratings, or issuer credit where the state carries no GO debt. Indicative as of 2025 and entered by hand, not fetched live. This is the one figure on the page that is an opinion rather than a measurement, and it is the one to verify against current agency reports before relying on it. The Fiscal pillar above scores Texas on Moody’s alone, which keeps the mapping from rating to score auditable; S&P and Fitch are printed for context and carry no weight in the index.

Moody’s: Aaa
S&P: AAA
Fitch: AAA
Outlook: Stable

Compare

Each comparison opens on the pillars where the two states differ most.

The full ranking This week in Texas Who is arriving and leaving What Texas is distinctive for

Industrial project records

Companies in Texas named in a research file of 60 curated records, compiled October 1, 2026. Each carries the status that file gives it. None is an Applied America project. Most are foreign-owned; U.S. operators appear where the research names them as counterparties. It is not a census, and amounts are announcement scopes that are never added together.

11 records · 3 documented projects · 7 announced investments · 1 status uncertain

CoTec HoldingsDocumented project
Canada · Rare earth recycling / magnets · HyProMag USA Texas hub
Dallas–Fort Worth, Texas — Phased development
Early magnet finishing targeted for H1 2027; integrated hub targeted for Q2 2028.
Shared project with Mkango; count once as a project. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026-07-27SourceHyProMag USA — counted once as a project
Mkango ResourcesDocumented project
Canada / United Kingdom · Rare earth recycling / magnets · HyProMag USA Texas hub
Dallas–Fort Worth, Texas — Phased development
Texas hub preparatory work and phased magnet finishing development announced.
Canadian corporation with UK management presence. Same underlying project as CoTec. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
2026-07-27SourceHyProMag USA — counted once as a project
JCBDocumented project
United Kingdom · Construction / industrial machinery · San Antonio factory
San Antonio, Texas — Factory development
Company project page describes USD 500 million factory and 2026 production plan.
Selected site; verify current commissioning date before outreach. Contact deliverability and investment authority unverified. No open site-selection mandate confirmed.
undated in the sourceSource
EricssonAnnounced investment
Sweden · Telecommunications
Texas — Existing Texas facility
6G trial and planned next-generation equipment production in Texas
Announced scope: Not disclosed in captured source
2026-02-27Source
AstraZenecaAnnounced investment
United Kingdom · Pharmaceutical manufacturing and R&D
Virginia, Maryland, Massachusetts, California, Indiana, Texas — Named sites; no open location search established
$50bn U.S. investment announced through 2030
Announced scope: 50bn through 2030
2025-07-21Source
PrysmianAnnounced investment
Italy · Cable manufacturing
Texas — McKinney location selected
$500m five-year Encore Wire campus expansion
Announced scope: 500m
2025-06-19Source
Schneider ElectricAnnounced investment
France · Electrical equipment and automation
Tennessee, Massachusetts, Missouri, Ohio, Texas, North Carolina — Named expansions; supplier and future expansion prospect
Over $700m U.S. investment planned through 2027
Announced scope: Over 700m
2025-03-25Source
EmbraerAnnounced investment
Brazil · Aerospace maintenance and manufacturing
Texas and Florida — Named sites
Fort Worth MRO investment and Melbourne capacity expansion
Announced scope: 70m Fort Worth program; 90m program spans Brazil and U.S.
2025Source
JSW SteelAnnounced investment
India · Steel
Texas, Ohio and other U.S. operations — Existing-investor prospect; new site search not established
Annual report identifies U.S. manufacturing and mining subsidiaries
Announced scope: Not captured
2025Source
VestasAnnounced investment
Denmark · Wind energy equipment
Colorado, Oregon, Texas, Massachusetts — Relationship prospect; new investment intent not established
Existing U.S. manufacturing and supplier procurement network
Announced scope: Not applicable
undated in the sourceSource
Lynas Rare EarthsStatus uncertain
Australia · Rare earth separation · Texas proposal
Texas proposal — Hold — project uncertainty
Company quarterly disclosure reports significant uncertainty whether the Texas project will proceed and in what form.
Company disclosure hosted by announcement distributor; reconfirm current status directly before qualifying.
2026-01-21Source