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Texas leads the nation in number of cattle, which usually exceed 16 million head. Cotton is the leading crop and the state’s second-most-valuable farm product. Texas also leads in national production of watermelons, cabbages, grain sorghum and spinach. Wheat, corn, and other grains are also important.
Texas’s growth is dueto the availability of jobs, the low cost of housing, the lack of a personal state income tax, low taxation and limited regulation of business, a geographic location in the center of the United States, limited government (the state legislature meets only once every two years), favorable climate in many areas of the state, and vast, plentiful supplies of oil and natural gas. The known petroleum deposits of Texas are about 8 billion barrels, which makes up approximately one-third of the known United States supply. The state has 4.6 billion barrels of proven crude oil reserves.
Before the oil boom back to the period of the first Anglo settlers, the chief industry was cotton farming (as in most of the South). After World War II, the state became increasingly industrialized. Its economy today relies largely on information technology, fuel processing, electric power, oil and natural gas, agriculture, and manufacturing. The timber industry is a major portion of the East Texas economy, while Houston, the Texas’ largest urban economic enclave stands at the center of the petrochemical, biomedical research trades, and aerospace (particularly NASA). Dallas houses the state’s predominant defense manufacturing interests and the expansive information technology labor market.
Texas has more Fortune 500 company headquarters than any other state except New York. This has been attributed to both the growth in population in the state and the rise of oil prices, which resulted in the growth in revenues of many Texas oil drilling and processing companies.
In 2006, for the fifth year in a row, the state was ranked as the number one state in the nation by export revenues. The Port of Houston was sixth among the top sea ports in the world in terms of total cargo volume. Dallas-Fort Worth International Airport is “the best air cargo airport in the world”.
Texans pride themselves in a history of tradition, yet they also seek new social and technological developments. Near Austin, Round Rock is the headquarters of Dell and the surrounding area is known as “Silicon Hills”. Dallas is a cosmopolitan metropolis and the birthplace of the integrated circuit. Houston Texas is a global leader in the energy industry. The cultures of San Antonio and El Paso retain their Mexican heritage while Fort Worth maintains its western roots. With a nod to its diversity and its past as a sovereign nation, the Texas state tourism slogan is “Texas: It’s like a whole other country.”
Texas is one of the top filmmaking states in the United States, just after California and New York. Austin is now one of the leading filmmaking locations in the United States.
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