Texas topped all other states in attracting capital-intensive business investment projects in 2021, again earning top recognition from Site Selection magazine.

The national publication’s Governor’s Cup is awarded annually to the state with the most business investment projects, an award Texas has now won 10 years in a row.

Mark Arend, the publication’s editor, said Texas was credited with 1,123 eligible projects last year, up 44% from 2020 and more than double the 507 projects credited in second place. from Ohio.

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The magazine noted that Texas closed the year with the announcement of two megaprojects worth a combined $47 billion – Samsung’s planned $17 billion semiconductor factory at Taylor and plans of Texas Instruments to invest up to $30 billion in four new semiconductor factories north of Dallas. .

Governor Greg Abbott receives the Governor's Cup from Site Selection magazine editor Mark Arend at the Governor's Mansion on Tuesday.  The award highlights the top performers in job creation and capital investment.

Site selection only considers private sector projects that meet at least one of the following criteria: capital investment of $1 million or more; creation of 20 or more new jobs; or that require at least 20,000 square feet of new space.

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Governor Greg Abbott announced the latest site selection award Tuesday at an event at the governor’s mansion attended by Arend and a number of economic development officials and community leaders from across the state.

Abbott said Texas “has become an economic juggernaut,” noting among other things that more people are working in the state than ever before and a record number of corporate headquarters moved to the state last year. .

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Austin scored perhaps the most high-profile headquarters of all to move to Texas last year, when electric vehicle maker Tesla announced in October that it was moving its headquarters here from California. In late 2020, Oracle announced it was moving its headquarters to Austin from California.

The Site Selection magazine award “is a testament to the unparalleled business climate and the highly skilled and diverse workforce we’ve cultivated here in the Lone Star State,” Abbott said Tuesday. “Texas continues to shine as a beacon of economic prosperity for America.”

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