New Texas Miracle
In the years during and immediately following the Great Recession in 2008 and 2009, the Texas Business Association and other like-minded chambers of commerce noted how America’s second most populous state had come through the ordeal with unrivaled economic vitality. Texas attracted more direct foreign investment, was the nation’s largest exporter, and was home to more than 50 Fortune 500 companies. The state also attracted new residents, businesses, and jobs at a faster pace than …