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.
» 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
Tuesday, August 27, 2013 Austin, Texas Press Release
Gov. Perry Announces TEF Investment in Dow Creating Nearly 100 Jobs, Bringing Dow’s Investments in Brazoria County to $2.5 Billion
Gov. Rick Perry today announced The Dow Chemical Company is expanding its manufacturing facilities by selecting Brazoria County as the location for two Performance Plastics plants, creating 96 jobs and a multimillion dollar capital investment. Dow had previously announced that it was going to build Performance Plastics plants at an undetermined location on the U.S. Gulf Coast, and considered locations in Texas and Louisiana before selecting Brazoria County.
Thursday, August 22, 2013 Austin, Texas Press Release
Gov. Perry Releases Radio Ad in Missouri
Ahead of his trip to Missouri next week, Gov. Rick Perry has released a radio ad highlighting Texas’ commitment to keeping taxes low on families and job creators. This ad builds on the 30-second TV spot that began running this week in several Missouri markets, showcasing the opportunities and freedom available to families and businesses thanks to Texas’ smart, conservative fiscal policies.
Wednesday, August 21, 2013 Austin, Texas Press Release
Gov. Perry Announces TEF Investment in Fritz Industries Creating 250 Jobs in Greenville
Gov. Rick Perry today announced Fritz Industries Inc. is opening a manufacturing and office facility in Greenville, creating 250 jobs and $37.5 million in capital investment. The state is providing $800,000 through the Texas Enterprise Fund to close the deal on this expansion and job creation.
Tuesday, August 20, 2013 Austin, Texas Press Release
Gov. Perry to Tout Texas’ Low Taxes in Missouri
Gov. Rick Perry will travel to Missouri on August 29 to tout the low taxes that allow hardworking families and employers to keep more of what they earn, and help make Texas’ economy a national example for job creation. Ahead of the governor’s trip, a 30-second TV spot begins running today in several Missouri markets, showcasing the opportunities and freedom available to families and businesses thanks to Texas’ smart, conservative fiscal policies.
Thursday, July 25, 2013 Austin, Texas Press Release
Gov. Perry Announces TETF Investments in Texas Companies Creating Therapies for Water Purification, Disease Diagnosis
Gov. Rick Perry has announced awards from the Texas Emerging Technology Fund (TETF) to two early stage companies that are developing groundbreaking technologies in Texas to purify water and diagnose infections.