Governor Greg Abbott has proclaimed Texas as the ‘Financial Capital of America,’ emphasizing the state’s burgeoning financial workforce and favorable business climate. This declaration was made during the Texas Bankers Association’s 141st Annual Convention in Dallas, where Abbott highlighted the state’s growing financial sector, including the Texas Stock Exchange, Nasdaq’s regional headquarters, and NYSE Texas.
Texas’ Financial Growth
Abbott’s proclamation points to the significant expansion of Texas’ financial services workforce, now exceeding 648,000 individuals. He credited the state’s banks and financial institutions for their role in Texas’ economic growth, stating, ‘Growth cannot be accomplished without capital and access to capital.’
Chris Furlow, President and CEO of the Texas Bankers Association, echoed Abbott’s sentiments, noting the state’s unique combination of globally active banks and vibrant community banks. ‘America is choosing Texas. The world is choosing Texas,’ Furlow remarked, highlighting the state’s financial advantages.
Dallas as a Financial Hub
Dallas plays a central role in this financial expansion, with developments such as the Texas Stock Exchange and Nasdaq’s new regional headquarters strengthening the city’s identity as ‘Y’all Street.’ The Texas Stock Exchange, approved by the U.S. Securities and Exchange Commission, is set to begin trading in 2026, while Nasdaq’s presence in Texas continues to grow, serving over 200 companies with a market value nearing $2 trillion.
Additionally, NYSE Texas has established a significant presence in Dallas, occupying 28,000 square feet at Old Parkland. Texas already boasts more companies listed on the NYSE than any other state, with a combined market value exceeding $3.7 trillion.
Economic Achievements
Abbott’s declaration follows several economic successes for Texas, including winning Site Selection magazine’s Governor’s Cup for the 14th consecutive year. In 2025, Texas attracted over 1,400 job-creating business locations and expansions, representing more than $75 billion in capital investment and creating over 42,000 jobs.
During the convention, Abbott also emphasized the importance of workforce development to prepare Texans for high-demand jobs as more financial firms expand in the state. He thanked Texas banking institutions for their role in supporting entrepreneurs and fostering economic growth.
Original reporting: The Dallas Express — read the source article.
