Texas enters 2021 as world's 9th largest economy by GDP
27 Jan 2021
Texas enters 2021 as the world's ninth largest economy, proof of the success of a long-term strategy to make Texas the best place to start or relocate a business, said Robert Allen, President and CEO of the Texas Economic Development Corporation.
"This is more than just a statistic," Allen said. "The fact that our state, if it were a nation, would be the world's ninth largest economy shows that Texas is well positioned to outperform economically, regardless of the challenges that may lie ahead."
TxEDC is an independently funded non-profit organization in partnership with the Governor's Office of Economic Development and Tourism charged with marketing Texas as a premier business location, the cornerstone of Texas Gov. Greg Abbott's economic development agenda.
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Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.