Office of the Governor Rick Perry

Governor's Initiatives - Economic Development

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

  • Thursday, April 03, 2014 • Katy, Texas • Speech
    Gov. Perry Remarks at GEICO Ribbon-Cutting
    When you boil it right down, what people want most in the world is a chance at prosperity. They want a good job, an ability to take care of their families and the potential to do more with their lives. For every company like GEICO that chooses to expand, or relocate, in our state, that means more Texans getting the opportunities they need to achieve their goals.
  • Friday, March 28, 2014 • Austin, Texas • Press Release
    Statement by Gov. Perry on February 2014 Texas Job Growth
    Job growth of this magnitude is about much more than just attractive statistics on a printed page; it means more choices and better options for Texas jobseekers, stronger families and communities, and brighter futures for our children. The commitment we made more than a decade ago to practicing fiscal responsibility and enacting job-friendly policies continues to pay huge dividends, helping keep Texas the best place in the nation to live, work, build a business or raise a family.
  • Thursday, March 13, 2014 • Houston, Texas • Press Release
    Gov. Perry Welcomes Queensland, Australia Trade Office to Texas
    Gov. Rick Perry highlighted important trade opportunities between Texas and Australia at the grand opening of the Queensland Government North America Trade and Investment office in Houston, which will serve as the Australian state’s dedicated office for further developing international trade and investment with the U.S. and Texas. Queensland’s trade office was previously located in Southern California. The governor was joined by Queensland Premier Campbell Newman and Trade and Investment Commissioner to North America David Camerlengo.
  • Monday, March 10, 2014 • Austin, Texas • Press Release
    Gov. Perry: Texas Home to Bold Innovators in Technology
    Gov. Rick Perry today was honored by the Entertainment Software Association for his commitment and leadership in the development of the growing video game industry in Texas, where he was presented with an award in appreciation of his support.
  • Monday, March 10, 2014 • Austin, Texas • Press Release
    Wallet Hub: Texas Cities “Impressive Pack of Bountiful Job Markets”
    Texas cities dominated Wallet Hub’s recent ranking of the best U.S. cities for jobs, with five Texas cities listed in the top 10. Fort Worth was recognized as the top city for job seekers. Arlington ranked fourth, Dallas fifth, Austin sixth, Houston 10th. Corpus Christi nearly cracked the top ten, ranking 12th on the list.