Starting Up Is Big In Texas
- Date Published
- Oct 21, 2019
- Business, General Info
No stranger to the top, the Lone Star State takes another number one from the other 49 in a new WalletHub report that ranks where to start a business.
By the Business Facilities Staff from the September/October 2019 Issue - Original article edited for clarity and brevity by Cedar Hill EDC
WalletHub, a personal finance website, recently released the Best & Worst States To Start A Business. This 2019 report compared the 50 states across three key dimensions—Business Environment, Access to Resources and Business Costs—and evaluated those using 26 relevant metrics, including labor costs, the price of office space, population education, and availability of human capital.
Coming in at number one—for the second year in a row—was the Lone Star State itself.
Austin alone is home to a number of successful startups across a variety of industries. These include Hypergiant Industries, a technology and defense company that offers artificial intelligence products and services; New Knowledge, an information integrity company; AlertMedia, creator of a cloud-based mass notification system that streamlines notifications across devices and platforms; Briggo Coffee, which allows people to create cups of coffee directly from their smartphones; SchooLinks, a modern, AI-powered college and career readiness platform; Red Fan Communications, a full-service public relations and marketing communications agency; Revealix, a developer of an analytics medical software designed to detect skin diseases; Threatcare, provider of breach attack simulation software; and many, many more.
Texas has been topping charts as a job growth leader for a while now. According to WalletHub, the state spends 1.3 percent of its GDP on business incentives. It also has a variety of non-profit and government-backed programs for assisting small businesses with funding, and has neither corporate nor personal income tax. Add to this the fact that Texas has a world-class infrastructure, comparatively low cost of living, dynamic cultural and recreational opportunities and a labor pool that runs deep with more than 14 million people—as well as the third-highest rate of working-age population growth—and you have a recipe for startup success now and into the future.
CEDAR HILL: GROWING NATURALLY
It doesn’t take very long to figure out you’ve arrived some place special when you come to Cedar Hill. Maybe it’s the pristine natural beauty as you drive into town on the FM 1382 nature corridor, maybe it’s the high-end shopping that makes Cedar Hill the regional shopping destination for parts of four counties, or maybe the warm feeling you get at a restaurant where everyone really does “know your name.” Whatever the reason, Cedar Hill offers the perfect place to live, work and play in an environment that is simply different from any other, an environment where opportunities really do grow naturally.
Cedar Hill has enjoyed a longstanding culture of value-based leadership.
A clear consistent vision, a commitment to develop and implement long-range plans, an expertise in developing partnerships and a solid focus on community all serve to guide not just where Cedar Hill is going, but why. The result is a stable, vibrant and intentional environment that is not only business friendly, but a sound and prudent place to invest. Families, businesses and communities grow organically in Cedar Hill and this works to create the kind of market place that discerning businesses need to start, thrive and grow. From tech start-ups to multinational companies, Cedar Hill has been designed to be a partner for business success. Being only half grown, and in the midst of one of the largest and fastest growing economies in the nation, Cedar Hill’s solid planning; friendly, stable environment; and unique community and business amenities will continue to attract discerning businesses for many years to come.
A wide range of innovative planning is guiding Cedar Hill into its future. One of most exciting of these is the City Center Plan that is transforming Cedar Hill’s historic downtown and commercial core into the most unique urban center in the region. The mix of integrated residential, retail, office and community services highly connected with open spaces, trails, bike lanes and eventually, transit rail, is creating many exciting business opportunities and new ways of calling Cedar Hill home. Another key element is Cedar Hill’s innovative, sustainable land use planning, which balances growth with a deep commitment to preserving and connecting its natural spaces. Working in concert with its open space partners like Cedar Hill State Park and Dogwood Canyon Audubon Center, the City is preserving 20 percent of its land area to ensure it will continue to flourish and set Cedar Hill apart as a model. Other plans include creating a vibrant tourist economy centered on Cedar Hill’s iconic natural attractions, historic downtown charm and high-end shopping attractions. Significant transportation infrastructure enhancements are planned, including capacity and congestion upgrades to U.S. 67, and also Future Loop 9, which will connect Cedar Hill’s industrial and commercial areas directly to I-45, I-35 and other fast-growing areas within an expansive trade area.
As the North Texas region continues to experience dramatic growth, the most successful communities will be those that are connected, distinctive and discerning about who they are and where they’re going. In this regard, Cedar Hill is uniquely positioned for business and community success.
As one of the oldest communities in Dallas County, commerce has always been a key part of the community and the environment. From its earliest days as a trading hub, agricultural center and railroad destination, to the vibrant, highly-diversified economy that is emerging today, Cedar Hill has been deliberately designed to perfectly balance quality business and community growth within the stunning natural beauty that makes Cedar Hill the prettiest part of North Texas.
Cedar Hill’s unique natural qualities, strategic central location, excellent connectivity and solid infrastructure support a wide range of business sectors and are just a few of the reasons why so many national and regional brands of distinction are calling Cedar Hill home. Brands such as Dillard’s, H&M, JC Penny, Burlington Coat Factory and Home Depot all add to over 2 million square feet of retail and office space that make Cedar Hill a regional retail and business service hub. Cedar Hill’s industrial sector is exceptionally diversified. The ease of connectivity to the region, availability of freight rail and abundant well-educated human capital promotes growth and profitability in industries from metal fabrication and distribution centers to commercial fixture and aeronautical component manufacturing.
Opportunities grow naturally in Cedar Hill, with easy connections in the North Texas region. Located 20 minutes from downtown Dallas and 40 minutes from downtown Fort Worth, with multiple connections to the rest of the DFW Metroplex, a 30-minute drive will take you to DFW International Airport or Dallas Love Field. For executive air travel, Dallas Executive Airport is only 15 minutes away. BNSF rail serves the Cedar Hill Business Park as well as other available sites in the City.
In addition to the prospering business climate, Cedar Hill has natural beauty. Cedar Hill State Park is nearly 2,000 acres and located on 7,500-acre Joe Pool Lake. The ruggedness and scenic beauty of the area combined with over 100 miles of shoreline and water based recreation activities make it one of the most visited state parks in Texas. Dogwood Canyon Audubon Center at Cedar Hill is situated on 205 acres of Dogwood Canyon, which contains the widest variety of rare species in North Texas as plants and animals from east, west and central Texas converge there. Add this to an extensive city park system, and recreational opportunities abound. The Center, along with the State Park, is part of over 3,000 acres of protected natural space within the city, the highest percentage of preserved open space of any city in the DFW Metroplex area.
Towering above the DFW Metroplex, Cedar Hill offers some of the most breathtaking views around. The scenic rolling hills and surprising natural beauty are reminiscent of the Texas Hill Country, yet conveniently nearby, making Cedar Hill a preferred destination for nature enthusiasts, hikers, cyclists, mountain bikers, boaters, campers and adventure competitors of all kinds.