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LOCATION FOCUS: Texas: Big Heart, Country, Business

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no personal income tax), business-driven tort reform, a variety of incentives and an overall low cost of doing business. In San Antonio, Medtronic located a major expansion of its diabetes division, while Becton, Dickinson & Co. Texas also has a well-earned reputation as the best state in the U.S. to do business. billion.

Texas 45
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COVER STORY: Global Biotech Report

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To support intellectual property rights, Luxembourg offers an 80 percent tax exemption to income from patents, trademarks, design, models and software copyrights or domain names. It was founded in 2010 in San Antonio, Texas and has received previous funding from the Texas Technology Development Center’s McDermott Pre-Seed Fund.

Florida 63