Entrepreneurs are ditching Silicon Valley and heading south to Texas instead to launch their startups, according to a congressman from the Lone Star State.
Rep. Roger Williams, R-Texas, told FOX Business’ Maria Bartiromo Thursday that Texas is seeing an influx of new companies recently.
Among the reasons for the influx is an absence of personal income and corporate income taxes.
“We’re seeing a lot of job growth and a lot of startup companies and it’s being fueled in many cases by energy but also by the opportunity of no personal income tax. [It’s] a very business friendly state and it wants businesses to come and start up,” Williams said.
