Texas’ surging economy reflected in retail growth and chainstore moves
Texas’ surging economy reflected in retail growth and chainstore moves
Texas suffered much less than the other 49 states during the recent recession, but even so the state’s economic engine was sluggish compared to boom times. There is evidence in many sectors, including retail and restaurants, that even the minor slowdown in the Lone Star State economy is in the rear view mirror.
In October, statewide sales tax revenue was $2.03 billion, up 8.2 percent compared to October 2011, Texas Comptroller of Public Accounts, Susan Combs, said Nov. 7.