Our expert team has studied Texas based upon changing market trends, demand & supply of products & services, government schemes & policies and have identified, traditional as well as new emerging business opportunities, and collected a few potential & profitable business ideas. And prepared a “Market Research & Opportunity Analysis Report for the Texas”.
Texas is the 2nd largest state in terms of geographical area and population in the USA. It is located in the south-central region and covers an area of 268,596 sq. miles. In the year 2020, the population of the state was 29.2 million, with a population density of 114 per sq. miles.
It is divided into geographical regions as the Gulf Coastal Plains, Interior Lowlands, Great Plains, and Basin and Range Province. It has total 11 ecological regions, 14 soil regions, 10 climatic regions, 15 major rivers and coastline of Gulf of Mexico on southeast side.
In the year 2021, the GSP i.e. Gross State Product of this state is forecasted to be US$ 1.8 trillion that is the 2nd largest state economy which accounts 8.41% of the total GDP of the country. The GDP per capita is estimated to be US$ 64,470 in the same year.
The state has shipped goods of worth US$ 279.3 billion in the year 2020 that equals to 19.5% of the total export value of the country. The top exported items were Crude petroleum oils (15.6%); Miscellaneous petroleum oils (6.6%), Light petroleum oils (6.1%), Integrated circuits (3.8%), Liquefied propane (3.4%). The major export countries were Mexico, Canada, China, South Korea, Brazil. The state had imported goods of worth US$ 265.6 billion in the same year 2020 that equals to 10.6% of the total import of the country. Major imported items were Petroleum Oils and Oils (6.5%), Digital Processing Units (5.6%), Machines for The Reception, Conversion and Transmission (3.6%). The top import partners were Mexico, China, Japan, Canada, Vietnam.
It is the best state to do business in the USA due to its supporting business policies. There is no corporate or personal tax at state level that ease the tax burden. It has 49 of Fortune 500 companies, about 14 million workforce with diverse skill sets. It has advanced industries as manufacturing; Aerospace, Aviation & Defence; Biotechnology & Life Sciences; Energy; Information Technology.
It is among the top states with infrastructure investment in the projects of roads, airports, railroads and other major infrastructure. There are 27 commercial airports, 16 seaports, 11 interstate highways, 46 freight railroads, 32 foreign trade zones.
The state government provides incentives to companies and entrepreneurs such as Texas Enterprise Fund, Events Trust Fund, Governor’s University Research Initiative grant program, Enterprise Zone Program, Product Development and Small Business Incubator Fund, Skills Development Fund, Self-Sufficiency Fund, Capital Access Program, Spaceport Trust Fund, etc.
Business ideas for the Texas consist of
- Clean Energy business as recycling of e-waste, bio-waste
- Food processing businesses as insect farming and processing
- Healthcare businesses as sports supplements manufacturing
- Service businesses as event Brewpub, Microbrewery
We have done market research and analysis and come up with the best business opportunities in Texas that are focusing on present situations. The ideas are based on the availability of resources and have huge growth potential in this state.
What I will get from this report?
- You will get researched based business ideas for the region.
- You will get geographical, demographical, and market data.
- You will get the market insights & dynamics (growth drivers, opportunities, threats, restraints).
- You will get the demand-supply matrix which will show the market potential.
- Most importantly you will get key details for each business idea.
Key questions answered in the report: –
- Which are the most profitable businesses in the selected locations?
- What are the major drivers, trends, restraints, threats, and opportunities of business ideas?
- What Infrastructure is available in a selected location.
All these and many more questions will be answered in the report with detailed information.
Why one should get this innovative report?
- This is the most innovative format of the report which helps you make the decision about the business idea on the basis of information provided.
- Most systematically researched and constructed report.
- Prepared by experts and professionals from the industry.
How I can order this report?
- You can ask for all business planning reports related to the subject.
- Drop a line about your interest to info@meticulousbplans.com
- OR fill up the inquiry form.
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