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, March 04, 2013 • Austin, Texas • Press Release
  Texas Wins Site Selection Magazine’s 2012 Governor’s Cup for Most New, Expanded Corporate Facilities
  
  
  Texas has won Site Selection Magazine's Governor's Cup for 2012, which is awarded annually to the state with the most new and expanded corporate facilities announced over the year. Texas easily took the top spot with 761 projects in 2012, up substantially from 464 in 2011, and 270 projects more than the second best state.
• Tuesday, February 26, 2013 • Austin, Texas • Press Release
  Gov. Perry Speaks at the National Federation of Independent Business Annual Conference
  
  Gov. Rick Perry spoke at the National Federation of Independent Business (NFIB) Small Business Legislative Discussion and Roundtables, highlighting his priorities to keep Texas on an upward trajectory by strengthening the state’s competitive jobs climate and calling on the Legislature to provide tax relief, invest in infrastructure, and improve access and choice in both public and higher education.
• Tuesday, February 26, 2013 • Austin, Texas • Press Release
  Gov. Perry Announces 100 New Jobs, $1.2 Billion Capital Investment in Brazoria County at Ascend Performance Materials Facility
  Gov. Rick Perry announced that Ascend Performance Materials Texas Inc. will construct a new propane dehydrogenation facility in Alvin, Texas, creating 100 jobs and $1.2 billion in capital investment. The state is providing $1 million through the Texas Enterprise Fund (TEF) to close the deal on this expansion and job creation. Execution of the state’s agreement is contingent upon finalization of a local incentive package.
• Thursday, February 21, 2013 • Austin, Texas • Press Release
  National Instruments to Expand Research and Development in Austin, Creating 1,000 Jobs
  
  
  Gov. Rick Perry announced that National Instruments will expand its research and development capacity in Austin, creating 1,000 jobs and $80 million in capital investment. The state is providing $4.4 million through the Texas Enterprise Fund (TEF) to close the deal on this expansion and job creation. Execution of the state’s agreement is contingent upon finalization of a local incentive package.
• Friday, February 15, 2013 • Bay City, Texas • Press Release
  Gov. Perry Announces Tenaris to Create 600 Jobs in Matagorda County
  
  Gov. Rick Perry announced that Tenaris will be extending its U.S. investments by building a new steel pipe manufacturing facility in Matagorda County, creating 600 jobs and $1.3 billion in capital investment. The state is providing $6 million through the Texas Enterprise Fund (TEF) to close the deal on this new facility and job creation. The governor recruited company leadership during his economic development trip to Italy last year, and also at the Formula 1 race in Austin.
  » Read the Speech: Gov. Perry Announces Tenaris to Create 600 Jobs in Matagorda County
  + Watch Interview of Germán Curá, President of Tenaris North America
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