Texas leads the nation in economic performance and job creation as Governor Abbott celebrates a year of record achievements

Austin, Texas – Texas Governor Greg Abbott is celebrating what he calls a triumphant year for the Lone Star State’s economy. From record-setting business investments to new legislation aimed at cutting red tape, 2025 brought wave after wave of success for Texas’ already booming economy.

“Texas’ economy continues to triumph because of our business-friendly climate and common sense regulatory environment,” said Governor Abbott. “This year, the state slashed red tape and burdensome regulations to allow free enterprise to flourish and Texans to thrive. As the economic envy of America and the strongest workforce in the nation, Texas offers unparalleled economic freedom and opportunity for all.”

National Accolades and Global Investments Mark Texas’ Economic Momentum

Texas continued its winning streak in 2025 by claiming Site Selection magazine’s Governor’s Cup for the 13th straight year. The state outpaced every other in the nation by securing 1,368 new and expanded business facility projects—more than double that of the runner-up. “Texas partners with the businesses that come to our great state to grow,” said Abbott. “When businesses succeed, Texas succeeds.”

Notably, more than 314 corporate headquarters have relocated to Texas since 2015, further solidifying its title as the “headquarters of headquarters.” This surge in interest is linked to the state’s well-known economic freedom and friendly business climate.

Governor Abbott also spoke at the ribbon-cutting of Texas Instruments’ (TI) new semiconductor wafer fabrication facility in Sherman. The multi-billion-dollar project will ultimately invest around $40 billion and employ thousands of Texans. “Semiconductors are essential to building the space and artificial intelligence infrastructure that will define our future,” Abbott said. “With help from Texas Instruments, Texas will remain the home for cutting edge semiconductor manufacturing.”

Further raising the bar, Google announced a massive $40 billion investment in the state as part of its “Investing in America” initiative. Joined by Google CEO Sundar Pichai, Abbott called the deal “a Texas-sized investment in the future of our great state,” adding that the move cements Texas as a leader in AI development and energy innovation.

Texas was also named America’s Top Business Climate for the third year in a row by Site Selection magazine. “As the eighth-largest economy in the world, Texas offers the freedom and opportunity for companies of all sizes and all industries to thrive,” Abbott said. “We will continue to make strategic investments and partner with job-creating businesses to ensure that Texas remains the top state in the nation to do business.”

The accolades didn’t stop there. Texas won the 2025 Prosperity Cup, once again leading the nation in new business investments and growth factors like job creation and capital inflow. “When businesses succeed, Texas succeeds. We added more new jobs last year than any other state, and we have exceeded that for three years in a row. Texas also added more than 314 corporate headquarters since 2015, making our state the headquarters of headquarters. Texas truly is the land of economic freedom—freedom that stokes self determination to achieve things once thought impossible. Freedom that will propel Texas to global economic dominance, and we will continue to foster that economic freedom to ensure that Texas remains the economic engine of America,” said Gov. Abbott.

To help Texas small businesses thrive, Abbott signed several new laws, including raising the business personal property tax exemption from $2,500 to $125,000 and allowing faster business filings. Other reforms protect home-based businesses and modernize state agency websites for better accessibility.

In May, Abbott signed Senate Bill 29, which protects business decisions from being second-guessed in court. “Senate Bill 29 provides business decision makers the certainty that sound business judgments made in the best interest of shareholders will not be second-guessed by courts,” Abbott emphasized.

Even more, Senate Bill 14, dubbed Texas DOGE, was signed to create the Texas Regulatory Efficiency Office. This office will identify and remove unnecessary rules that make life harder for business owners. “We in Texas will now have our own DOGE… to reduce regulatory strains on Texans,” said Abbott.

Finally, Texas was ranked the Best State for Business for the 21st year in a row by CEOs across the country, according to Chief Executive magazine. “Texas offers businesses the freedom to succeed — that’s why the nation’s CEOs have ranked Texas as the Best State for Business for more than two decades and counting,” Abbott said.

With these impressive milestones, Texas has once again proven why it’s seen as the gold standard for economic opportunity and growth in the United States.