Temple is primed for international investment due to its low costs and great connectivity.
With an ideal location between Dallas-Fort Worth and Austin, the Temple region provides unparalleled access to domestic and global markets via major interstates, multiple rail systems and four airports. Plus, with incentives for new and growing international development, 32 foreign trade zones and over 1,500 foreign corporations with ongoing operations in the state, Texas has established itself as a leader in international trade.
Opportunity for foreign direct investment is growing in Temple, Texas, where global companies can leverage low taxes, financial incentives, and unbeatable connectivity in Central Texas. With over 590,000 jobs in Texas supported by majority-owned foreign affiliates, Temple is the business frontier where foreign investments can go further. Shovel-ready sites, industrial parks and corporate office space are available to take any business operation to the next level, while Temple’s central location provides access to markets throughout Texas, the Southeast U.S. and beyond.
Texas’ top export destinations include Mexico, Canada, Brazil, China, and South Korea, which are easily accessible via Texas’ strong air, rail and port systems. Plus, Texas ranks No. 1 in the nation for foreign and domestic investment, based on number of jobs. Comparing U.S. states, Texas ranked No. 3 after California and New York for total new FDI projects during this timeframe. However, in certain industries, like energy and basic materials, Texas led the nation in attracting foreign projects.
Taxes & Incentives
Promoting a healthy business climate and economic development opportunities, Texas offers a low tax burden and comprehensive incentive and financing options for companies locating and expanding in the state. Without corporate or personal income taxes, companies in Texas can invest in growing their workforce, improving facilities, and boosting their bottom line.
Known for one of the best enterprise funds in the nation, Texas has no personal, state, or corporate income tax at the state level. The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy. Award amounts range from $1,000 up to $10,000 per job created.
Ultimately, with a competitive focus on incentives, infrastructure and workforce development, Temple holds the leadership to allow foreign investments to reach their full potential. Get in touch to learn more about how your company can benefit from doing business in Temple.