Venture Investment,Texas,Economic Growht,Boost Economy,Ventura Capital,Marcus D. Hiles,Hiles,Dallas,Austin,CEO, Founder,Western Rim Properties,

Hiles Notes Texas Outperforming Other States On Venture Investment

According to a report from multinational firm Ernst & Young, U.S. capital investment rose $16 billion from 2014. The state of Texas recorded $48.3 billion in business financing, which ranked first in the country, while Gulf Coast states who are traditional leaders in the energy industry attracted the most investors for the fifth year in a row. Marcus Hiles notes that forty percent of those funds were lent to chemical manufacturing facilities, of which seventy percent were new, liquefied natural gas export compounds. The Lone Star State also outperformed others in the financial, technology, and professional service fields with 38,400 mobile project jobs, the greatest number in the nation.

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