Texas has been recognized as the No. 1 state for attracting the most new and expanded business facility projects in 2023, with 1,254 total projects—more than twice that of the second-ranked state.
The report from Site Selection magazine comes with a prize that’s very familiar to the Lone Star State: the Governor’s Cup. Awarded annually by Site Selection since 1978, the Governor’s Cup recognizes the nation’s top-performing state for job-creating business relocations and expansions. Texas has now won the award for a record-setting 12 years in a row—and has won it 20 times overall.
The announcement was made Friday at the Governor’s Mansion in Austin. On hand to celebrate were Governor Gregg Abbott, Secretary of State Jane Nelson; members of the Texas Legislature; Site Selection Editor in Chief Mark Arend; and business, economic development, and state leaders from communities across Texas.
An array of dignitaries was on hand as Site Selection named Texas as its Governors Cup winner for the 12th year in a row. [Photo: Office of the Governor]
Abbott highlights economic development teams across Texas
“Texas moves at the speed of business,” Abbott said in a statement. “By cutting red tape and burdensome regulations, and making strategic, continuing investments in infrastructure, education, and workforce development, Texas offers businesses the freedom to grow and Texans the tools to prosper.”
“I’m proud to again accept the Governor’s Cup from Site Selection magazine recognizing Texas’ dominance in attracting significant job-creating business investments,” the governor added. “I congratulate the exceptional economic development teams at the local, regional, and state level who have worked so diligently to attract and retain these growing businesses and the jobs they create in diverse communities across this great state. Working together, we continue to build a bigger, better Texas for decades to come.”
Site Selection is a magazine that publishes information for expansion-planning decision-makers, including CEOs, corporate real estate executives, facility planners, human resource managers, and consultants to corporations.
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