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If Texas was a country, it would have had the 13th largest GDP in the world, according to a recent article in the Houston Business Journal. Based on data from the U.S. Department of Commerce's Bureau of Economic Analysis, the state was eighth in the nation for GDP growth in 2013 with 3.7 percent growth from 2012 to 2013.

While much of the state's growth in gross domestic product is due to the oil and gas industry, other industries -- electronics in particular -- are growing as well. This is an important fact, as economic diversity shields the state from the problems of energy industry's boom and bust cycles, the article noted. Ed Curtis, the CEO of YTexas, credits the GDP growth, which more than doubles the nation's growth, to the innovation of the companies that are relocating to the state as well as the manufacturing that is taking place.

According to figures provided by the Governor's office, the Houston metro area leads the nation in population growth, and was fourth in the nation for healthy growth from 2000-2010. The Port of Houston ranks number 2 in the nation for total trade and is number 13 in the world for total cargo volume. Texas ranks number 2 nationally for the number of jobs at U.S. subsidiaries of global companies and is top in the nation for foreign direct investment.

Growth in industries such as energy and electronics spawns a healthy environment for service and financial related industries, as well. If you're planning to start a business or expand one in the area, the Houston office leasing brokers at LandPark Commercial can help. We know all aspects of commercial real estate and we know Houston. For more information on how we can help you find the right place to locate your business, contact us.