The $1.8 trillion Texas economy is the second biggest in the U.S., behind only California. Texas ranks third for current economic climate and first for its growth prospects, thanks to strong employment and income growth forecasts over the next five years. In addition, there are 102 of the 1,000 largest public and private companies in the U.S. based in Texas, including giants like AT&T, ExxonMobil and Dell. Startup activity ranks second in the nation among larger states, per the Kauffman Foundation. One of the only things holding Texas back is the education rate among its labor supply. Only 84% of adults have a high school degree, which is second lowest among the states.
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