Top 20 Locations to Start a Small Business in Texas
By Kristen Adams | Daily Marketing Advice
Texas is one of the largest states in the United States, with a thriving business sector. It offers several incentives to entrepreneurs and a conducive environment for startups. However, it can be challenging for business owners to determine the best location to set up their businesses. Today we are providing insights into the top 20 towns to start a business in Texas.
Methodology
This article uses a mixed-method research design to collect and analyze data. The data sources include online databases, reports from the chamber of commerce and other business associations within the state. We also relied on data obtained from surveys done by Forbes and other reputable business magazines.
Texas Towns and their Rankings for Starting a Business
Frisco
Frisco is a city located in the northern part of Texas, with a population of over 115,000 people. It has a median household income of $126,000, and the cost of living is 5% lower than the US average. The city has a favorable business climate, with relatively low taxes and an excellent education system.
McKinney
McKinney is a city in Collin County, with a population of over 200,000 people. It is one of the fastest-growing cities in Texas and has been recognized by Money Magazine as the “Best Place to Live in America” in 2014. The city has a diverse economy, including several established businesses and startups.
Flower Mound
Flower Mound is a town located in the Dallas-Fort Worth Metroplex, with over 82,000 people. It has a low crime rate, and the cost of living is 9% lower than the national average. Flower Mound also boasts a strong education system with several top-rated schools.
Plano
Plano is a city located in the northern part of Texas, with a population of over 280,000 people. It is known for its strong business community and low unemployment rate. The city is home to several corporations, including Toyota, Capital One, and PepsiCo.
Austin
Austin is the capital of Texas and has a population of over 950,000 people. It has a strong startup community, with several thriving businesses in the technology and creative industries. The city also offers several incentives to entrepreneurs, including tax abatements and waivers.
Round Rock
Round Rock is a city located in Williamson County, with a population of over 120,000 people. It is home to several established companies, including Dell, Emerson Process Management, and TECO-Westinghouse. The city offers several incentives, including tax abatements, workforce training, and grants.
Georgetown
Georgetown is a city located in Williamson County, with a population of over 70,000 people. It offers a low cost of living, and the city's economy is supported by several industries, including healthcare, education, and manufacturing.
Katy
Katy is a city located in Harris County, with a population of over 16,000 people. It offers a diverse economy, with several established businesses in the healthcare, energy, and engineering sectors. The city also has an excellent education system.
Woodlands
Woodlands is a town located in Montgomery County, with a population of over 100,000 people. It has a low unemployment rate and offers several opportunities for entrepreneurs to grow their businesses. The town's economy is supported by several industries, including healthcare, education, and technology.
Sugar Land
Sugar Land is a city located in Fort Bend County, with a population of over 118,000 people. It has a diverse economy, with several established companies in the healthcare, chemical, and energy industries. The city also offers several incentives to businesses, including tax abatements and grants.
League City
League City is a city located in Galveston County, with a population of over 110,000 people. It has a strong economy, supported by several industries, including healthcare, aerospace, and technology. The city also offers several incentives to businesses, including workforce development programs, tax abatements, and grants.
Pearland
Pearland is a city located in Brazoria County, with a population of over 130,000 people. It has a diverse economy, with several established businesses in the healthcare, manufacturing, and technology industries. The city also has an excellent education system.
Cedar Park
Cedar Park is a city located in Williamson County, with a population of over 86,000 people. It has a low cost of living and a strong economy, with several established businesses in the healthcare, education, and technology sectors.
San Marcos
San Marcos is a city in Hays County, with a population of over 64,000 people. It has a growing economy, with several established businesses in the healthcare, education, and retail industries. The city also offers several incentives to businesses, including tax abatements and workforce development programs.
New Braunfels
New Braunfels is a city located in Comal County, with a population of over 85,000 people. It has a diverse economy, with several established businesses in the healthcare, manufacturing, and technology industries. The city also offers several incentives to businesses, including tax abatements, workforce development programs, and grants.
Grapevine
Grapevine is a city located in Tarrant County, with a population of over 50,000 people. It has a strong tourism industry, with several attractions, including Grapevine Lake and the Gaylord Texan Resort. The city also has several established businesses in the healthcare, education, and retail industries.
Rockwall
Rockwall is a city located in Rockwall County, with a population of over 40,000 people. It has a low cost of living and a growing economy, with several established businesses in the healthcare, education, and technology sectors. The city also offers several incentives to businesses, including tax abatements and grants.
Wichita Falls
Wichita Falls is a city located in Wichita County, with a population of over 104,000 people. It has a diverse economy, with several established businesses in the healthcare, manufacturing, and education industries. The city also offers several incentives to businesses, including tax abatements, grants, and workforce development programs.
Midland
Midland is a city located in Midland County, with a population of over 136,000 people. It has a strong economy, supported by the oil and gas industry. The city also offers several incentives to businesses, including tax abatements and grants.
Odessa
Odessa is a city located in Ector County, with a population of over 117,000 people. It has a diverse economy, with several established businesses in the healthcare, education, and manufacturing industries. The city also offers several incentives to businesses, including workforce development programs, tax abatements, and grants.
Conclusion
Texas offers several opportunities for entrepreneurs to start and grow their businesses. The state has a strong business climate, low taxes, and several incentives. However, it can be challenging to determine the best location to set up a business. The twenty cities listed in this article offer unique opportunities for businesses, including a low cost of living, strong economies, and business incentives. It is essential to research each city further to determine the location that best suits a particular business's needs.
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