Texas tops U.S. in business investment projects for 10th year in a row

Dayana Jones

Texas outpaced all other states in attracting capital-intensive business investment projects in 2021, winning top recognition from Site Selection magazine — again.

The national publication’s Governor’s Cup goes annually to the state with the most business investment projects, an award that Texas has now won 10 years in a row.

Mark Arend, editor of the publication, said Texas was credited with 1,123 qualifying projects last year, up 44% from 2020 and more than double the 507 projects credited to second-place finisher Ohio.

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The magazine noted that Texas closed the year with the announcement of two mega-projects valued at a combined $47 billion — Samsung’s planned $17 billion semiconductor factory in Taylor and Texas Instruments’ plans to invest up to $30 billion in four new semiconductor factories north of Dallas.

Gov. Greg Abbott receives the Governor’s Cup from Mark Arend, editor of Site Selection magazine, at the Governor’s Mansion on Tuesday. The award highlights top-performing states for job creation and capital investment.

Site Selection only counts private-sector projects that meet at least one of the following criteria: capital investment of $1 million or more; creation of 20 or more new jobs; or that require at least 20,000 square feet of new space.

More:Incentive package to lure Samsung to Taylor is biggest in Texas history

Gov. Greg Abbott announced the latest Site Selection award Tuesday during an event at the governor’s mansion attended by Arend and by a number of economic development officials and community leaders from around the state.

https://www.statesman.com/story/business/2022/03/01/texas-tops-business-investment-projects-site-selection-magazine/6952880001/

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