Texas has won Site Selection Magazine’s Governor’s Cup for 2013, the fifth time the Lone Star State has received the award under Gov. Rick Perry’s leadership. The award is given annually to the state with the most new and expanded corporate facilities announced over the year. Texas has previously won the Governor’s Cup in 2004, 2005, 2010 and 2012.
Texas took the top spot with 657 qualifying projects in 2013. Ohio finished second, with 480 qualifying projects. Qualifying projects must meet one or more of the following criteria: capital investment of at least $1 million; 50 or more new jobs created; 20,000 or more sq. ft. of new construction.
This award continues a decade-long trend of national recognition for Texas’ economic strength and job creation under Gov. Perry’s tenure. The state was recently named best business climate by Business Facilities Magazine, most competitive state by Site Selection Magazine, best state to do business by Area Development Magazine and best state for business for nine years in a row by Chief Executive Magazine. Last month, the Texas Taxpayers and Research Association released a report finding Texas’ budget is one of the leanest in the nation, with a strong fiscal outlook for the future. Global Trade Magazine also recently named Texas the top state for global trade, noting the state’s commitment to low regulatory burdens and wealth of global enterprises.
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