Texas will open an economic development office in London and send a delegation to encourage businesses to invest in the state this month.<\/p>\n
\nThe Texas Economic Development and Tourism Office awarded a contract<\/a> to the Austin-based lobbying group Vianovo in March to lead the State of Texas United Kingdom Office and encourage UK companies to invest in Texas. The Guardian reported<\/a> the office will open this month.<\/p>\n \nLinda McMahon, CEO of the Dallas Economic Development Corporation, told KERA she and other North Texans will be attending the delegation, which is being organized by the Texas Economic Development Corporation.<\/p>\n \nThe delegation and office come as Dallas is seeking to attract businesses to its rapidly growing finance industry<\/a> dubbed “Y’all Street<\/a>. “<\/p>\n \nOne of its centerpieces, the Texas Stock Exchange, plans to begin trading this summer. TXSE spurred the New York Stock Exchange and Nasdaq to open Dallas-based exchanges in response.<\/p>\n \nThe mayor of London, Dame Susan Langley, said in a February social media post after meeting Gov. Greg Abbott that TXSE could create new opportunities to “connect British and Texan firms to fresh capital.”<\/p>\n \nTrade between Texas and the UK totaled $17.6 billion in 2025, making it the 13th-largest trading partner, according to the Texas Economic Development and Tourism Office<\/a>. UK companies invested $10.3 billion in Texas and created more than 18,000 jobs in the last 10 years.<\/p>\n \nDallas officials are also making a pitch to domestic companies in New York City.<\/p>\n