Texas has been one of the strongest performing states in the US for a number of years, attracting more major corporate locations and expansions than any other and regularly topping lists of the best places to do business. As examples, the state has won the "Governor's Cup" for the most major projects for the past eight consecutive years and was recently named the "State of the Decade" by Site Selection magazine.
Manufacturing in the state is taking losses during this time of economic turmoil.
The manufacturing statistics for Texas in March were driven down by various factors associated with COVID-19 and the oil and gas industry. Dr. Perryman explains the effects.