In this week's episode of Retire in Texas, Darryl Lyons explores one of the most significant economic shifts happening in our state: the creation of the Texas Stock Exchange - and what this means for business owners, investors, and the long-term financial landscape of Texas.
Darryl begins by sharing a personal story from a recent trip to New York with his daughter, reflecting on how Wall Street has changed over time and how electronic trading has transformed the markets. That reflection sets the stage for today's discussion: the movement of major financial infrastructure away from New York and into Texas.
He breaks the episode into several key themes:
• Why "Y'all Street" is becoming a reality, including how the Texas Stock Exchange - backed by BlackRock and Citadel - represents a major shift in where capital markets operate.
• How ESG policies contributed to this moment, and why regulatory burdens pushed many companies to seek a more business-friendly environment.
• How Texas prepared for this growth, from specialized business courts to economic development incentives that attracted Fortune 100 companies like Oracle and Tesla.
• The culture factor, including why some Texas cities - especially San Antonio - may limit their own growth unintentionally due to strong family-centric values.
• How access to capital unlocks expansion, using PAX as an example of how a company with a strong mission might scale when the right financial pathways exist.
• What the Texas exchange could mean for your investments, including why more homegrown Texas companies going public could eventually strengthen 401(k)s and IRAs across the state.
Darryl connects the dots between local business culture, economic development, and national capital markets to show how transformative this shift could be - not just for corporations, but for everyday Texans who invest for retirement.
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This episode provides general educational information only and is not intended to provide specific investment, tax, or legal advice.
