Texas Ranked #1 Business Climate by U.S. Executives - Site Selection Magazine, 2017 

The SWEPCO Texas Region

Southwestern Electric Power Company (SWEPCO) provides regulated electric service to 180,000 customers in northeastern Texas and the panhandle area of North Texas, including Longview and Texarkana. We can help prospective and existing businesses meet their growth objectives.

Property Search

Find the best site in northeast Texas to grow your business. Search our portfolio of certified sites, or all available sites and buildings.

Contact us if you’d like assistance with your search.

Advantages of Doing Business in Northeast Texas

Location & Infrastructure

  • 32% of the U.S. population within one day’s truck drive
  • Texas has nine interstate highways, the most in the country.  I-10 provides coast-to-coast access from Los Angeles, California, to Jacksonville, Florida; I-20 in west Texas (splits off I-10) to Florence, South Carolina, with stops along the way at Odessa/Midland, Fort Worth, Dallas, Shreveport, Jackson, Birmingham, Atlanta, and Columbia; and I-30 from Dallas meets I-20, I-35, and I-45 to Little Rock, Arkansas
  • Texas’ 46 freight railroads travel 10,425 miles of track, the most in the U.S.
  • The state has the second largest state airport system in the U.S. with 380 airports and is home to two of the largest airlines in the world, Southwest and American Airlines

ShippingCosts_TEXAS-SWEPCo

Business Climate

  • With no corporate income tax and no individual income tax, Texas has one of the lowest tax burdens in the country, ranking in the best 10 states in the Tax Foundation’s 2015State Business Tax IndexText_1state2
  • No property tax at the state level; state Sales and Use tax is 6.25% with exemptions
  • 54 Fortune 500 companies are located here
  • Texas is a right-to-work state
  • #1 Exporter – In 2014 Texas exported $289 billion in goods, leading the nation for the 13th year in a row
  • The Texas Enterprise Fund (TEF) is one of several competitive incentive and financing programs offered by Texas – TEF is a cash grant for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with an option in another state

Workforce & Education

 

Pie Chart of Texas's Sectors of Employment

  • Texas has more than 13 million people in the civilian labor force, the second highest in the country
  • Texas has 146 higher education institutions
  • 26.6% of people aged 25 and older have a college education or higher
  • Through a $48 million skills development fund, the Texas Workforce Commission works to develop highly skilled and productive employee
  • Worker availability in key occupations:
Table of Workers (2015)
Jobs  Average Hourly Earnings
STEM 680,296  $37.95
Engineers 149,002  $48.44
Business 620,205  $32.73
Automotive Production 338,530  $15.41
Source: EMSI 2017.2

Electric Service

  • AEP Texas is an energy delivery (wires) company, providing regulated energy delivery service to consumers, regardless of which Retail Electric Provider (REP) they choose
  • We have constant focus on keeping our power supply system strong for our customers
  • We help our customers save money and energy through:

Texas is a recognized leader in economic development.

  • #1 for Best Business Climate – Business Facilities Magazine, 2017
  • #1 for Infrastructure – CNBC Top States for Business, 2017
  • #1 for Workforce – CNBC Top States for Business, 2017
  • #1 for Economic Climate – Forbes Best States for Business, 2017
  • #1 Most Economic Development Projects Overall – Site Selection Magazine’s Governor’s Cup, 2016
  • #2 in Manufacturing (Employment) – Business Facilities Magazine, 2017
  • #2 for Best State for Business – Forbes Best States for Business, 2017
  • #2 for Growth Prospects Rank – Forbes Best States for Business, 2017
  • #3 for Business Costs – Forbes Best States for Business, 2017
  • #4 for Economic Growth Potential – Business Facilities Magazine, 2017
  • #8 in Automotive Manufacturing Strength – Business Facilities Magazine, 2017
  • #9 for Labor Supply – Forbes Best States for Business, 2017
  • #9 for Cost of Living – CNBC Top States for Business, 2017

Our key customers include:

  • Exxon Mobil Corporation
  • US Steel Corporation
  • International Paper Company

The principal industries we support are:

  • Petroleum Refining
  • Chemical Manufacturing
  • Oil and Gas Extraction
  • Food Manufacturing
  • Paper Manufacturing
  • Pipeline Transportation
  • Primary Metals

For details about bringing your business to Texas:

Contact

Eric Basinger, CEcD

Eric Basinger, CEcD

Manager of Economic and Business Development

Southwestern Electric Power Company

318-673-3170

Email Me

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