Quote:
Originally Posted by JoninATX
#25? Texas is one of the best states to do business.
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Here are a number of reasons why Texas has fallen:
• power grid issues (unreliability of the grid means unreliability for businesses)
• lack of social inclusiveness (key employees are not willing to relocate due to cultural inhospitable-ness)
• rising crime (will your employees be safe)
• poor health care quality (outside of Houston, demand far outstrips supply of medical professionals and quality suffers due to health care workers being spread thin and overworked—will your employees be and stay healthy?)
• traffic and public transit (intractable traffic issues that the state cannot build its way out of and a lack of high quality public transit means workers may not be reliably on time)
• high cost of living relative to pay, particularly in cities (Texas may be a cheaper state to live in, but pay has not yet caught up and employers are incentivized to keep pay at a minimum—if their employees cannot afford to live, better to locate the business elsewhere where the cost of living is lower that way both employee and employer is happy).
• housing supply crisis (related to the above)