Focus on Grapevine: Texas Scores Top Ten Spots for Business and Crypto in Latest CNBC Rankings

Focus on Grapevine: Texas Scores Top Ten Spots for Business and Crypto in Latest CNBC Rankings Main Photo

6 Sep 2022


In the latest report from CNBC, Texas ranked No. 5 on its "America's Top States for Business 2022" list and grabbed the No. 10 spot for leading America in creating a crypto economy.

For the 15th annual “Top States for Business” ranking, empirical data was gathered on all 50 states across 88 metrics in ten broad categories of competitiveness. The categories were weighted based on how frequently states use them in economic development efforts. For the first time, states’ viability in the crypto economy was assessed. The Technology and Innovation category included a measure of each state’s share of computational power or “hash rate.” The Business Friendliness category gave special consideration to how states are regulating the increasingly important crypto industry.  

Breaking down the categories for Texas, the Lone Star State scored well in areas like workforce (No. 2 overall), technology and innovation (No. 4), and the economy (No. 8). 

Grapevine offers all of the perks of Texas — like no state income tax — and an enviable quality of life. Thanks to its location in the center of the Dallas-Fort Worth Metroplex, Grapevine offers business owners, residents, and visitors sophisticated amenities, historic charm, and a hometown community atmosphere. Grapevine’s mix of industries includes manufacturing, medical, hospitality, retail, financial, technology, and more. Tourism thrives in Grapevine because of its extensive retail on Main Street, Lake Grapevine, Grapevine Mills, the Gaylord Texan, the Great Wolf Lodge, Legoland Discovery Center, and much more! The DFW International Airport is partially located in Grapevine.

Grapevine also brings a personalized approach to the table for companies looking to expand or launch. The staff at Grapevine Economic Development offers expert assistance with business incentives tailored to a company or entrepreneur’s needs. New businesses will discover some of the best startup conditions in the market, and Dallas-Fort Worth Metroplex is a leader in North America for affordable, flexible office space.

Additionally, Grapevine Economic Development offers the no-cost Sizeup Small Business Evaluation Tool that allows business owners to compare how competitive there are with others in their industries.

Burgeoning crypto companies would do well to locate in Grapevine with its available properties and access to the DFW International Airport since Texas is consistently at or near the top for mining capacity. Electricity is affordable even before the special deals available for crypto miners. Texas regulations focus on giving cryptocurrencies a solid foundation for growth. 

More about Grapevine

The cost of doing business in Texas is at its most affordable in the Grapevine area. It is the perfect place for young professionals with its affordability and vibrant hometown feel. Here, businesses are thriving, dining and entertainment choices abound, the school district is topnotch, and there’s always a festival or event going on. Grapevine is close to the amenities of the Dallas-Fort Worth Metroplex but has everything you need.

For more background about Grapevine’s thriving hospitality sector, check out “The Secret Behind Grapevine’s Success.”

Check out the Growing Grapevine podcast! Find it on your favorite podcast apps such as Apple Podcast, Stitcher, Spotify, and Amazon Music. You can also listen to the latest episode here.

Please contact Grapevine Economic Development for further assistance with your business needs. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign-up here for our newsletter!