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, September 18, 2014 • College Station, Texas • Press Release
    Gov. Perry Helps Dedicate Pandemic Influenza Vaccine Facility
    Gov. Rick Perry today participated in the site dedication for the Pandemic Influenza Vaccine Facility, part of the Texas A&M Center for Innovation in Advanced Development and Manufacturing (Texas A&M CIADM). This $91 million, state-of-the-art influenza-vaccine manufacturing facility, a partnership between Texas A&M University and GlaxoSmithKline, will help protect against infectious disease and the threat of bioterrorism.
  • Tuesday, September 09, 2014 • Austin, Texas • Press Release
    Gov. Perry Promotes Texas’ World-Class Business Climate in Beijing
    Gov. Rick Perry signs a memorandum of understanding with Zhang Xiangchen, Assistant Minister of the Chinese Ministry of Commerce, between the State of Texas and Tianjin, Fujian, Shandong, Jiangsu and Sichuan, recognizing the importance of developing and expanding ties of cooperation through business, trade, investment, tourism, education, research and development in Beijing, China on Tuesday, September 09, 2014
    Gov. Rick Perry spent his first full day in Beijing promoting Texas' world-class business climate and economic opportunities at an Invest in Texas forum and in meetings with officials from the Chinese Ministry of Commerce. The governor is leading an economic development delegation of state and business leaders in Beijing before participating in the World Economic Forum in Tianjin later this week.
  • Monday, September 08, 2014 • Tokyo, Japan • Press Release
    Gov. Perry Promotes Stronger Economic Ties between Texas and Japan
    Gov. Perry is in Tokyo promoting stronger economic ties between Texas and Japan. Japan is already one of Texas' largest trading partners and Gov. Perry told members of the American Chamber of Commerce in Japan today there is room for that partnership to grow.
  • Friday, September 05, 2014 • Austin, Texas • Press Release
    Gov. Perry to Lead Economic Development Delegation in Asia
    Gov. Rick Perry departs tomorrow for a one week economic development trip to Japan and China. While in Asia, the governor will work to expand economic opportunities for Texas starting with a speech on Monday to the American Chamber of Commerce in Japan. He will then lead an economic development delegation of state and business leaders to Beijing, and on Friday take part in a panel discussion on global economic issues at the World Economic Forum in Tianjin, China.
  • Tuesday, August 26, 2014 • Midland, Texas • Press Release
    Gov. Perry Helps Break Ground on Occidental Petroleum Complex in Midland
    Gov. Rick Perry today helped break ground on Occidental Petroleum's Midland Office Complex. Once completed in late 2015, the complex will house up to 600 employees and will be the center of Occidental's oil and gas operations in the Permian Basin.