Why startups are betting big on Texas

Everything is bigger in Texas, they say—including an economic boom there in recent years.

Austin, in particular, consistently ranks among the fastest-growing metro areas in the country, and is vying to become one of the top startup hubs. Meanwhile, the state has successfully lured hundreds of companies to relocate to Texas in recent years.

In 2024, Texas surpassed New York as the top employer of workers in the financial services industry, and it will up the ante with the opening...