The future business scene in Texas is looking brighter than ever as the state continues to hold its place as a national leader. Growth is spreading across areas such as North Texas, Houston and San Antonio with businesses quickly expanding their operations in the state that offers some of the best in business-friendly climates and overall growth potential. Tapping into the market recently are global leaders such as Toyota, Liberty Mutual and JP Morgan who have taken advantage of the state’s increasing network of commercial properties, workforce and business resources.
Named by CNBC for the fourth consecutive year as America’s Top State for Business, Texas scored above all 50 states on overall business competitiveness. With the business hub building on its role as a national leader for the past decade, this top rank title reflects the progress Texas has made in cementing its place in the global economy.
“This national recognition comes without surprise as the lone star state has remained in the spotlight with record breaking growth throughout 2017 and 2018,” shares successful Texas entrepreneur for over three decades, Marcus Hiles. Spikes in the state’s overall population has contributed to the expanding workforce that has aiding growth in 10 out of 11 industries in Texas.
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The wish list and must-haves of renters and home buyers in today’s market has drastically changed in recent years. Most seen within the nation’s top surrounding metro areas, residents are putting importance on not only their indoor living area but also their outdoor accommodations.
Two example locations are suburb areas that border two of Texas’ top cities: Austin and Dallas. Recognized as being some of the best places to live in the state, the suburbs of Allen and Riverside, Texas have been recognized as offering some of the best in balanced living, helping the area’s residents sustain healthy, active lifestyles.
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The three keys to a growing area – housing, job and population increases are on the rise in Dallas and its surrounding suburbs; continuing to make it one of the fastest growing cities in 2018.
Leading the nation in population increases, Texas topped the charts as the number one state experiencing growth year over year from 2016 to 2017 in study conducted by the U.S. Census Bureau. With Dallas as the number one location in the state, it’s no wonder this city is growing in popularity for 2018.
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One of the country’s largest states, Texas has been making a big impression in the economic development of present day commercial opportunities seen across the globe. Taking its place at the top in year-over-year population, job expansion and overall commercial growth; the state has been attracting residents and businesses from across the country and world over the last decade.
Appealing to out-of-state and international transplants for its low cost of living, increasing job opportunities and overall quality of living; the business community is also fueling from similar benefits the southwestern state offers.
Beginning with the accommodating business climate, big name and newly established companies are brought to the area through the nationally low taxes and regulations it provides. Also adding to its appeal are the decreased barriers to entry Texas’ vast commercial landmass enables along with the talented population it retains. “With these key factors separating the state from others in the nation for its commercial value, businesses are looking to Texas to help position them ahead of competitors and for a future of success,” shares Marcus Hiles, a leading Texas entrepreneur and CEO of the Dallas-based property firm Western Rim Properties.
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The commercial industry throughout the state of Texas has seen growing interest from globally recognized organizations among the world’s leading markets. Tech and industrial sectors, hospitality, manufacturing and energy industries are among those growing their roots in the nation’s second largest state that offers some of the best in vast land mass, talented workforce, affordability and business friendly regulations.
A unique environment where a collective group of diverse companies, populations and communities can come together to create opportunities and success at scale, the state has positioned itself in a way that has attracted organizations such as AT&T, Dell and Southwest Airlines.
Fortune’s 64th annual report released late this May sees the state as owning the third largest sector nationwide for Fortune 500 Company headquarters. The businesses on this list are those leading the economy and operating at a rate that produces 2/3rds the United States GDP. With nearly $13 trillion in revenue combined, Fortune describes this elite group as the most important engine of both US and global economies.
Holding 48 of the 500 firms on Fortune’s list, it is no surprise the overall Texas economy has continued to grow steadily each year in part from these companies that are each pulling in a minimum of $5.4 billion in revenues.
“The benefits that have come to the Texas area through this level of mass business operations has also commercially impacted other areas. Small business and startup communities, business infrastructure industries such as data centers as well as the migration of out of state and international employees coming for job opportunities,” shares DFW-based entrepreneur Marcus Hiles, who has seen a growing demand in his rental properties from this commercial boom.
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Having one of the region’s most progressive workforces and helpful local tax perks, Austin contributed a large sum of $626 million to the state, a twenty percent growth from 2015.
Marcus Hiles claims that the technology center saw its utmost annual dollar figure since 2001 combined with an immense rise in importance, “Austin is a brand, and venture capitalists are very fond of it,” said Bernard Weinstein, an economist at Southern Methodist University, “They put their money in Austin to be a leader in IT and software development.” The software industry boosted a majority stake of investments, with $328 million going into forty-two deals. Biotechnology and IT services followed, making $120 million and $56 million, correspondingly. Mayor Steve Adler considers readiness to innovate has played an important role to his city’s commercial success, “There’s a reason that tech and transportation companies come to Austin to roll out their new initiatives. And that’s because Austin is where good ideas become reality.”
Read more: http://finance.yahoo.com/news/marcus-hiles-responds-texas-role-093000253.html
In current times, flexibility is of primary importance while designing houses, and Marcus Hiles says that houses are being planned with open floor blueprints and flexible rooms that can certainly transform to accommodate newer members of growing families. Perceived spaces—that is, rooms marked by various materials or shades found in roofs or floors—is a new approach to make interiors seem more spacious while excluding unnecessary walls. Breaking through barriers is what true design really means. For example, larger windows permit extra light and can replace walls right away, while combining the inside with the outside world. Bearing in mind the end goal to make homes more alluring, hot tubs, gyms and spas have been created making relaxation easy to achieve. Additionally, as the attractiveness of cooking gourmet dinners has expanded, so have kitchens: with restaurant-like appliances and furniture like islands, kitchens are usually assigned extra overall square footage and have become the hub of the house, bettering dining and living rooms as the place families come together.
Read more: http://finance.yahoo.com/news/marcus-hiles-discusses-latest-current-053222561.html
Marcus Hiles, the leader of Western Rim Property Services, shares that communities with resort-style facilities can provide the best value among Dallas tenants. “You can switch from a sultry four-cornered apartment complex to a property that embodies your dream lifestyle,” he says. “It is crucial for potential renters to access services and facilities that suit them. Animal lovers can have the best time with their pets at properties that have close access to pet-grooming and veterinary clinics, and contain comfortable waste stations and a private off-leash dog park inside. Other developments are designed for the convenience of families with kids because they have on-property parks, recreational areas, and playgrounds, and are situated in exceptional school districts,” Hiles adds. Moreover, fitness buffs should stay in locales where they can jog along an extensive network of trails, exercise in modern fitness centers, and workout with professional personal trainers. Communities with astonishing golf course landscapes and golf incentives may also appeal to keen golfers.
Read more: http://media.mwnewsroom.com/Dallas-Morning-News/-2072585
At first look, Dallas doesn’t come to have many commonwealth with New York and Los Angeles beyond grading among the ten growing cities in the U.S. Yet, notes Texas real estate developer Marcus Hiles, “When you dig a little deeper, it turns out that all three locales have more renters than homeowners.” In fact, 55.9 percent of Dallas households dwell in rental housing. Across the country, Americans are increasingly selecting tenancy over home ownership, with the principal of renters aspired to bulge by at least a half million each year through 2023. Opposed to common wisdom, homeowners’ housing expenditures far exceed that paid by renters. While the annual worth of rent may break away total house payments for the year, buyers are loaded with maintenance sustenance and further utility payments — making the rental lifestyle even more interesting.
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One of the expertises of Marcus Hiles in real estate development is analyzing the effect of various building features and materials on energy consumption. His utilization of window placement techniques that maximize the efficiency of a housing development’s orientation and materials is essential to keep Texas homes warm during the winter and cool during the summer. Huge percentage of heated air and cooled air is maintained indoors if the home has shading devices, anti-air leakage frames, and windows with the proper solar coefficient. This does not only boost cost saving but lessens carbon emissions as well. For Hiles, radiant roof panels are important heat reduction components among homes because they bounce back the majority of heat coming from the sun, preventing it from reaching the air ducts through the roof and ultimately decrease five to ten percent of cooling cost. He also includes air conditioning systems that have greater seasonal energy efficiency ratio (SEER) in the houses to create more value. As a result, lesser carbon is emitted and residents in Western Rim Property Services communities save $420,000 worth of energy.
Read more: http://finance.yahoo.com/news/marcus-hiles-brings-environmental-responsibility-045756646.html