Great new opportunities often go hand in hand with an economy pulling back up from a plunge in the swamps of recession. All across the United States, businesses are finding renewed vigor to bring home much of the work sent overseas to save costs during more financially trying times, and offer them once again to workers residing on American soil.
According to a recent article on Nearshore Americas, a business periodical dedicated to the outsourcing industry, tech is one of these industries experiencing a post-recession boom. Citing a BDO USA survey, the article noted that a significant number of tech companies have plans to bring back a portion of their work to the United States. Also, most CFOs don’t see their services or manufacturing units being off-shored in the near future.
Instead, companies are turning to states like California and Texas to fulfill their workforce requirements onshore. In California, tech companies are buying into the largest tech-savvy labor pool in the United States. On the other hand, here in Texas, the state is offering them both access to the second largest civilian workforce in the country and a wide range of business-friendly incentives and tax exemptions.
With both workforce and low tax burdens working to their favor, companies like Cognizant are positioning themselves to invest in long-term job creation in Texas. The multinational information technology, consulting, and business process outsourcing company has said that it will be moving its operations headquarters to College Station and offer 750 new jobs in the city. Alongside this move, the company will also be investing $150,000 in science, technology, engineering, and math education grants.
With tech companies moving into the region, the future is looking bright for other industries as well. In particular, the growth of the tech industry in the region is expecting to benefit the real estate industry in Bryan and College Station as people move into the area in search of tech-related jobs.
Since Texas does not collect corporate and individual income tax, and so lays claim to being one of the most affordable places to live, migrations from out of state are also expected to balloon demand for home sales. Fortunately, the real estate market in many areas remains diverse, and new home buyers will find many great homes for sale in College Station, TX.
In fact, some companies, like Traditions Realty Team, have invested heavily on becoming top-notch destinations for assistance in buying or selling a wide range of residential and commercial properties. With strong real estate portfolios and easy-to-use websites built around handy search features, such real estate companies can help home buyers find competitively priced houses for sale in College Station at fantastic locations.
(Source: California and Texas Surge Ahead in Attracting Tech Investment, Onshore Sourcing, Nearshore Americas, June 7, 2014)