Texas is known for its fast growth, being safe and one of the smartest states in US. Highly educated, strong economy and talented workforce along with globally respected work force and institutions keeps it always on the leading point of business. In this article, we will discuss each major industry in Texas briefly.
- Oil and gas: The refineries of Texas produce more than 4.7 million barrels of oil/day. Houston being one of the largest cities has more than 3,000 employers in energy sector. 200 chemical plants manufacturing 14% of the nations chemical output are located in Texas.
- Aerospace and aviation: Texas aerospace and aviation industry have more than 20,000 employees with the major employers being Lockheed Martin, Bell aerospace, Raytheon, Gulf stream aerospace and Boeing.
- Agriculture and food production: It is one of the top industries in Texas generating one in every seven jobs in Texas state.
- The state has more than 247,000 farms covering all over 13.4 million acres.
- Biotechnology and life sciences: Texas state has developed one of the top industries in biotechnology and life sciences.
- It has more than 4,500 biotechnology, medical manufacturing, biomedical research and other companies related to life sciences with around 108,600 employees with an annual economic output more than $75 billion.
- Manufacturing: Texas is the leading manufacturing states ranking first in the manufacture of electronic equipments like computers, military communication systems and electronic components.
- Chemical manufacturing is ranks second in Texas. The state is a producer of benzene, fertilizers, ethylene, sulfuric acid and propylene.
- Food processing sector takes the third place in manufacturing with beverages being the major part and others such as baked goods, soft drinks, preserved fruits and vegetables.
- Mining: Texas state leads in production of mined products like natural gas and oil.
- Texas state makes about 1/5th of the total oil production in the country and 1/3 rd of the total supply of natural gas.
- It also leads in the production of crushed stone, lime, cement, sand, salt and gravel.
- Communications and information technology: Communications and information technology in Texas state numbers more than 26,000 high technology companies and 470,000 employers.
- Micro electronics and computer technology and their research and development at Texas higher education institutions top at $74 million annually.
- Transportation and logistics: Airports, railroads, highways and ports present in Texas state make it a logistics and distribution leader, strategic export and import gateway.
- The state has 27 commercial airports and 29 ports.
- Services: Business, personal services group and community are the biggest service industries present in Texas.
- Various industries are included in this sector which include private health care, law firms, hotels, engineering companies and other repair shops.
- Retail trade and whole sale trade including food products, petroleum products and motor vehicles rank second under services in Texas sate.
- Finance, real estate services, insurance ranks third in the state where Dallas and Houston being the major financial centers of Texas state.
From these data, it’s clear how Texas state has diversified industries present all over the State with corresponding developments and providing employment to large number of educated workers.