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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
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Wednesday, January 23, 2013 • Austin, Texas • Press Release
In Case You Missed It: Texas is Business Facilities’ 2012 State of the Year
Business Facilities magazine has again named Texas its State of the Year, citing the aggressive economic development strategies that have helped attract jobs and investment to the Lone Star State. -
Thursday, December 20, 2012 • Corsicana, Texas • Press Release
Gov. Perry Breaks Ground on Facility Expansion in Corsicana
Gov. Rick Perry helped break ground on a new 150,000 sq. ft. manufacturing facility for Pactiv LLC. This multimillion dollar capital investment will expand Pactiv’s current Corsicana operations and create 200 jobs. Earlier this fall, Gov. Perry announced the state would invest $930,000 through the Texas Enterprise Fund (TEF) to finalize this expansion in Texas.
» Read the Speech: Gov. Perry Breaks Ground on Facility Expansion in Corsicana -
Thursday, December 20, 2012 • Paris, Texas • Press Release
Gov. Perry Announces TEF Investment Bringing More Than 390 Jobs to Paris
Gov. Rick Perry announced the James Skinner Baking Co. is creating a new bakery production facility in Paris, along with 393 jobs and $25 million in capital investment. The state is providing $1.8 million through the Texas Enterprise Fund (TEF) to close the deal on this job creation. The governor was joined by company President Audie Keaton, Paris Mayor Dr. A.J. Hashmi and State Rep. George Lavender for the announcement.» Read the Speech: Gov. Perry Announces TEF Investment Bringing More Than 390 Jobs to Paris -
Wednesday, December 19, 2012 • Austin, Texas • Press Release
Gov. Perry Announces TEKsystems Global Services to Create 500 Jobs in Irving
Gov. Rick Perry announced TEKsystems Global Services is creating a new IT center in Irving, along with 500 jobs and $4.8 million in capital investment. The state is providing $1.1 million through the Texas Enterprise Fund (TEF) to close the deal on this new facility and this job creation. -
Tuesday, December 11, 2012 • Austin, Texas • Press Release
Gov. Perry Announces ADP to Create 585 Jobs in El Paso
Gov. Rick Perry announced ADP is expanding its operations in El Paso, creating 585 jobs and $22 million in capital investment. Texas is providing $2.4 million from the Texas Enterprise Fund (TEF) to finalize this expansion and job creation.