Texas has cultivated a business climate second to none, earning honors from national news outlets like Forbes and MSNBC for economic strength and business-friendly policies. More importantly, Texas has been consistently attracting employers seeking a better place to start or expand their businesses.

The Lone Star State's combination of low taxes, reasonable and predictable regulatory structure and fair court system provides a stable base upon which to build the Texas economy, while the state's diverse and hard-working workforce is prepared to meet any need an employer can present.

At Gov. Perry's urging, the Legislature has established and consistently funded two additional tools to attract and create Texas jobs - the Texas Enterprise Fund (TEF) and Emerging Technology Fund (ETF). The TEF functions as a "deal closing" fund, enabling Texas to compete directly with incentives offered elsewhere in the country, its investments tied directly to job creation. Meanwhile, the ETF helps early-stage tech companies grow their ideas from the laboratory into the marketplace, in the process helping keep Texas at the forefront of new technologies.

Action Items

»  Gov. Perry signed legislation for Lawsuit Reform, with components of Loser Pays (HB 274), which strengthens the jobs-friendly climate here in Texas.
»  Texas continues to buck the national unemployment trend, by adding 262,000 jobs from June 2009 to 2011. (USA Today)
»  Texas moved past New York over the past decade to become the nation's second-largest economy. (USA Today - June 2011)
»  Texas dominate’s Kiplinger’s Cities with the Lowest Cost of Living list in 2011. (Kiplinger)
»  The Lone Star Jobs Surge: The Texas model added 37% of all net U.S. jobs since the recovery began. (Wall Street Journal - June 2011)

News & Announcements

• Monday, May 13, 2013 • Austin, Texas • Editorial
  About Those Jobs, President Obama...
  Like many families and employers, President Obama has heard about the Texas success story, where we free job creators to grow their businesses and give families and hardworking taxpayers unlimited opportunity to keep more of their hard-earned money and a live a better life.
• Wednesday, May 08, 2013 • Austin, Texas • Press Release
  Gov. Perry Announces Emerson to Expand Houston Facility, Create 126 Jobs
  Gov. Rick Perry announced Emerson Process Management plans to expand one of its major facilities in Houston, creating 126 new jobs and $9.5 million in capital investment. The state is providing $1 million through the Texas Enterprise Fund (TEF) to close the deal on this project.
• Tuesday, May 07, 2013 • Austin, Texas • Press Release
  CEOs Name Texas Best State for Business for 9th Year in a Row
  More than 700 top CEOs around the nation are ranking Texas as the best state to do business for the ninth year in a row in Chief Executive magazine's annual Best and Worst States survey. CEO opinions were gauged on a variety of metrics, including regulations, tax policies, workforce quality, educational resources, quality of living and infrastructure.
• Monday, May 06, 2013 • Austin, Texas • Press Release
  Statement on President Obama’s Visit to Texas
  We welcome President Obama to Texas - he will find a state that has been very successful in creating jobs and a healthy state economy. Texas' combination of a balanced budget, low taxes, predictable regulations, meaningful tort reform and an education system that promotes the STEM fields and prepares our workforce to compete for the jobs of the future is a blueprint for job creation for other states and our nation.
• Monday, May 06, 2013 • Austin, Texas • Press Release
  Texas Tops Site Selection’s Most Competitive States of 2012
  Texas has taken the top spot in another of Site Selection Magazine's annual rankings - this time in the magazine's ranking of the most competitive states in 2012. Earlier this year, Texas was awarded Site Selection's 2012 Governor's Cup for the most new and expanded corporate facilities announced over the year.
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