Many states work hard to lure businesses and entice them to stay. As an example is Texas who has attracted many corporate relocations because of low taxes. It is the second-biggest state economy in the United States. Texas doesn't have a corporate income tax, state property taxes or individual income taxes making it very attractive for business. Some states compete for the most favorable tax atmosphere. Georgia eliminated the state's sales tax on energy use in manufacturing to bring new growth to that industry and a real revival in manufacturing as a result, he said.
