Why Do Aerospace and Aviation Industries Choose Texas as their Homebase?

Many entrepreneurs have started their businesses in Texas or relocated to the lone star state because of its friendly business climate. In Texas, there are numerous tax benefits, business-friendly operations, availability of capital and a business community that many start-ups can benefit from. These are some of the many reasons why aerospace and aviation industries choose Texas as their Homebase. These industries have also set up their base in Texas because of the following reasons.

It has great education and training.

It’s important to start a business surrounded by people who want to work for these industries. Texas has an advanced network of higher education institutions that are offering aviation education. Meaning start-up companies will have access to a wide pool of talented, highly educated, and young workers who can help them achieve their business goals. This allows the aerospace and aviation industries the opportunity to experience employment growth as provided by the Texas Economic Development Corporation. Having this in mind gives the companies numerous incentives to start their business in Texas.

It has a superior business climate.

The lone star state has a superior business climate and lower operating costs. Which makes it a magnet for both new and expanded company headquarters. For example, Safran Helicopter Engines USA and Airbus Helicopters USA are all headquartered in the state. These companies have chosen to invest their time and money in the state. For good reason too, they want to see their businesses thrive and make history. Starting their businesses in Texas can help them do just that.

There is availability of skilled workforce.

The aeronautical labor force in Texas is one of the biggest in the nation and consists of about 140,000 workers. In addition, the state ranks number one in the United States for total direct air transportation jobs. Moreover, the state leads the nation when it comes to the number of workers that are employed in key occupations in the industry, including aircraft mechanics, commercial pilots, aircraft assemblers and avionics technicians. Therefore, entrepreneurs that choose to start their businesses in the state will have access to skilled labor from very experienced and highly trained workers.

There is maintenance, repair and overhaul support.

The workforce supports the maintenance, repair and overhaul (MRO) operations in the state, where aircraft components like engines are built, and aircraft are completed or modified. In addition, the state is home to a lot of MRO facilities such as Bombardier- Dallas and Boeing Global Services-San Antonio. Having these types of businesses at their disposal makes Texas look like the perfect spot for your aviation and aerospace company. You won’t have to deal with missing parts and be surrounded by growing innovation. Loaded with people who are ready to work.

There is availability of air transportation.

The state has the biggest air transportation workforce in the United States, with the state’s airports, airlines and related support services directly employing over 88,000 workers. In addition, Texas has over 380 public use airports, which is more than what the other states have. Moreover, it has heliports and intermodal facilities. This is great because it means people are coming in and out of Texas rapidly. But they are accommodated by these ever-growing airports that are ready to use.

There are state initiatives and incentives.

Texas offers incentive programs for companies in the industry which are looking to grow or relocate in the state. One example of such programs is the spaceport trust fund (STF). The STF program promotes the development of infrastructure which can support the establishment of a spaceport in the state. In addition, the state offers the Texas Enterprise Zone Program or known as the EZP for short. This is a specific tax refund program that is designed to encourage investment from private donors as well as creating jobs in areas throughout the state which are economically distressed.

Conclusion

In conclusion, industries choose to set up base in Texas because the state has superior business climate. There are state incentives and initiatives, which are helpful for when you want to start your business. There is the availability of skilled, experienced and highly educated workers and there is a huge network of air transport. It seems like Texas is the perfect place to branch your company out. Ensuring that you will have a successful business in the lone star state.