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

  • Friday, June 27, 2014 • Austin, Texas • Press Release
    Gov. Perry Announces TEF Investment Expanding Maverick Arms Manufacturing in Eagle Pass
    Gov. Rick Perry has announced a Texas Enterprise Fund (TEF) investment of $300,000 for Maverick Arms, Inc., a firearms company specializing in shotguns. The company has announced plans to expand its Eagle Pass manufacturing facility, creating 50 new jobs and $3.4 million in capital investment.
  • Friday, June 20, 2014 • Austin, Texas • Press Release
    Perry on May Jobs Numbers: “Texas Job Machine Firing On All Cylinders”
    By virtually every measure, the Texas job creation machine is firing on all cylinders. Texas has added nearly 400,000 jobs in the past 12 months, making this the largest year-to-year job increase in nearly 17 years. Texas continues to be the epicenter of job creation in America and today's numbers are further proof that if you want a job, or your company needs employees, Texas is the best place in America to find both.
  • Thursday, June 19, 2014 • Austin, Texas • Press Release
    In Case You Missed It: ZS Pharma Launches Successful IPO
    Another Texas Emerging Technology Fund (TETF) grant awardee, ZS Pharma, has launched a successful initial public offering (IPO). ZS Pharma raised nearly $107 million on the NASDAQ capital market from its IPO yesterday.
  • Tuesday, June 10, 2014 • Austin, Texas • Press Release
    ICYMI: Gov. Perry Hails Texas As Haven of Personal Freedom in California Opinion Column
    In an opinion piece in today's Orange County Register, Gov. Rick Perry touts Texas as a haven for both personal and economic freedom, urging states seeking growth to adopt Texas' successful formula of low taxes, predictable regulations and fair courts.
  • Friday, June 06, 2014 • Austin, Texas • Press Release
    Gov. Perry Kicks off Austin X Games, Presents First Medals
    Governor Perry and the BMX and Skateboard Vert Finals ceremony at the X Games Austin.
    Gov. Rick Perry helped open Austin's inaugural X Games last night, presenting the medals for the BMX and Skateboarding Vert competitions. This year marks the 20th anniversary of the X Games, and the first time the games have been held in Texas.