The Lone Star State continues to see both residential and industrial growth. As more and more people are moving to Texas, so is big business.

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The world's largest construction equipment company announced their plans to relocate their global headquarters to Irving, Texas.

Big Business in Texas

It's happening more and more as big business' are packing up and heading to the great state of Texas. In recent months we've seen many big enterprises come to Texas including Tesla, Oracle, and Hewlett Packard, just to name a few.

Why are so many businesses heading our way? According to Hartman Income REIT Management, Texas is attractive in many ways:

- Having the 9th largest economy in the world.
- Texas exported $375B in 2021 making us #1 US exporter.
- Texas is the largest energy-producing state in the nation.
- Texas ranks in the top 5 in the nation with a 90% graduation rate.
- With more than14 million people in the civilian labor force, Texas comes work ready.
- Texas creates jobs. 694,400 jobs were added in 2021 which makes the state a leading jobs creator for the 9th year in a row.

It's no wonder big business is heading to our state!

Welcome to Texas

Governor Abbott took to Twitter to make yet another big announcement.

Caterpillar Inc will move their headquarters from Deerfield, Illinois to Irving, bringing our state its 54th Fortune 500 company.

Chairman and CEO Jim Umpleby said in a news release:

We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world.

Caterpillar says they expect the majority of the 270 employees from their Deerfield location to make the move with them.

Who Are The 5 Richest People in Texas, Not Counting Elon Musk?

There are more billionaires in America than in any other country, according to Stacker. For some people, the money just keeps pouring in, as Amazon CEO Jeff Bezos is projected to become the world’s first trillionaire by 2026.

However, Bezos is not the world's richest person right now. That title goes to the founder of SpaceX, Tesla, and the new owner of Twitter, Elon Musk. Musk owns a mansion in Austin but says his main home is a $50,000 rental from SpaceX in Boca Chica, Texas.

Forbes lists 63 billionaires in Texas, including Elon Musk. Let's find out who's at the top of the list in the Lone Star State for 2022, right behind Musk.

Are You Moving To Temple, Texas? Be Aware of These Annoying Things

I was excited to move to Temple and start a new chapter in my life, and while life here's been good so far, the moving part...well, not so much. Here are a few things I learned that might help you out if you're looking to make this place home.

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