Tuesday, February 11, 2014

Texas surpasses California as top tech exporter

None of this should surprise anyone.

This is the first year that Texas topped California in tech exports. California exports were worth $44.8 billion in 2012, down nearly 3 percent from the previous year.

Matthew Kazmierczak, vice president of the foundation, attributed the shift to rising manufacturing costs in California and Texas’ business-friendly atmosphere.

He said tech companies in California are focusing more on product design, in part because the state’s higher labor costs makes manufacturing less competitive.

“Texas has done a very good job at making themselves an attractive location for manufacturing,” he said. He noted the dynamic isn’t just about interstate competition; Texas is also competitive with other countries that have traditionally attracted manufacturing.

Gov. Rick Perry touts Texas’ business-friendly approach to regulations and taxes, and its relatively low cost of living, in trying to lure companies from California and other states, for which he has taken some flack.

Marchant highlighted a booming tech industry near Dallas. “We’re a tech magnet,” said Marchant, whose district includes D/FW International Airport. The airport itself used to be the biggest economic engine around, he said, “but now it’s development around the airport.”
How long will it last?  But even a conservative state like TX can screw things up through creeping legislation.

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