Can Blue States Catch Up

An analysis of nearly 24,000 commercial real estate transactions found that red states have outpaced blue states in investment returns, with its author, Net Equity Capital founder Mitch Flax, attributing the gap largely to business policies. Texas has drawn major corporate relocations, including 88 to Austin from 2018 to 2025, and Flax predicts it could become a Singapore-style business hub. Recent Democratic gains in Texas have raised questions about whether the policies behind that growth will remain in place.

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