States that are experienced in foreign direct investment (FDI) make the site selection process much easier for global business executives. Texas has been a leading recipient of FDI into the U.S. for years, giving companies access to incentives, low taxes and robust infrastructure ideal for reaching the rest of the country and the world.
Case in point, Site Selection Magazine ranked Texas as the top state for FDI projects in 2020. The state offers 11 deep water ports and leads the nation with 33 foreign trade zones (FTZs) including the Port of Laredo — the top inland port on the U.S.-Mexico border.
In Temple, nearby international airports, mainline railroads and the I-35 corridor provide unprecedented access to the rest of the country. The city’s advantageous location also means 80% of Texas’ population is accessible within a 2.5-hour drive.
The region has a leg-up when it comes to the cost of doing business, too. There is no corporate income tax for companies in Texas, and business expenditures in Temple are 15% less than the national average.
Whether a small business or a globally recognized brand, companies have access to hundreds of acres of available site space with competitive retail costs. Here are a few examples of international business in Texas that have grown in Temple or nearby, tapping into the city’s workforce.
Successful foreign direct investment in and near Temple
Taiwanese electronics company Acer employs more than 200 people at its Temple service center off I-35. As one of the top information and communications technology companies in the world, Acer has played a key role in the Temple community for years.
Higher education institutions like the University of Mary Hardin-Baylor provide a strong pool of talent to businesses that invest in Temple. Tech companies also find the skills they need through partnerships with local schools, such as Acer’s repair certification eLearning program at Temple ISD.
For over a decade, Teleperformance has been part of the Killeen-Temple MSA business support industry. Headquartered in Paris, the customer care company added 400 jobs to the community as a result of its 2015 expansion. With the belief that every customer interaction matters, Teleperformance’s growth has allowed the company to find success in the region and tap into Temple’s young, hardworking and educated workforce.
In 2021, Korean manufacturer Samsung announced plans to open its second U.S. semiconductor factory plant in Central Texas, just a short drive from Temple. The project will be Texas’ largest FDI project to date, complementing the Temple region’s robust manufacturing industry, which saw a 28% increase in employment from 2010-2020.
International business is bigger in Temple
More than 1,500 foreign companies choose to do business in Texas, supported by a business-friendly environment and expertise in global trade. Since 2002, in addition to strong FDI, the state has been the nation’s top exporter, with exports valued at $375 billion in 2021.
Temple’s low costs, strong infrastructure, facilitated trade agreements and notable talent create one of the top environments for international businesses. Explore how Central Texas amplifies the reach of foreign direct investments and get in touch with our team to start the process today.