Marcus Hiles On Texas’ Long-term Economic Growth

Marcus Hiles On Texas’ Long-term Economic Growth
Marcus Hiles On Texas’ Long-term Economic Growth

America has earned over $166 billion in capital investments in 2015, a ten percent spike from the prior year. With almost a third of the revenue coming from Texas, Dallas based real estate investor Marcus Hiles remarks that his state has not only displayed the possibility for sustained long-term economic growth, but has also become vital to the successes of the American economy. As Chairman and CEO of Western Rim Properties, Hiles has studied the market for more than thirty years in the endeavor of making worthwhile, planned property acquisitions. Generally, U.S. capital investment rose $16 billion from 2014; according to a report from multinational firm Ernst & Young. Texas clocked $48.3 billion in business financing, which stood first in the country, and the Gulf Coast states who are conventional leaders in the energy industry, brought the highest number of investors for the fifth year in a row. Forty percent of the funds were given to chemical manufacturing facilities, and seventy percent of those were fresh, liquefied natural gas export compounds. The Lone Star State also did very well in the financial, technology, and professional service fields, as testified by their 38,400 mobile project jobs, the top number in the nation.

Read more: http://finance.yahoo.com/news/marcus-hiles-responds-texas-role-093000253.html