In the contemporary world of instant global communication, immediate information exchange, and multiple modes of rapid transportation, the process of choosing sites for new or expanded activity has become increasingly complex and sophisticated. Although some of the basic premises have remained unchanged since the earliest civilizations, the evolving nature of the economy is transforming the process of economic development.
Cities across the eastern half of the United States and Canada (including all of the largest in Texas) are jockeying for position and running flat out in the race to attract Amazon's second headquarters (HQ2). The winning area's prize will be enormous: about $5 billion in capital investment and 50,000 jobs with a six-figure average salary. Add to that the positive ripple effects through the economy and the potential to energize related desirable technology businesses, and it's easy to see the reason for the frenzy.
In 2015, goods valued at more than $250 billion left Texas bound for more than 200 markets around the globe. The economic benefits of this export activity are massive, encompassing production and manufacturing as well as logistics and distribution. Moreover, the ripples through the economy multiply these effects several times over.