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, 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.
Thursday, December 06, 2012 Austin, Texas Press Release
Gov. Perry Announces Layne Christensen Co. to Move Headquarters to The Woodlands, Create 210 Jobs
Gov. Rick Perry announced Layne Christensen Co. is moving its global headquarters to The Woodlands, creating 210 jobs and $6.7 million in capital investment. $1.3 million from the Texas Enterprise Fund (TEF) is being offered to finalize this headquarters move and job creation. Execution of a state agreement is contingent upon finalization of local incentives.
Monday, December 03, 2012 Austin, Texas Press Release
Gov. Perry in New York to Guest Host CNBC Squawk Box, Speak at Slocum Dinner and Forbes Healthcare Forum
Gov. Rick Perry will travel to New York City from December 3-5, where he will guest host CNBC’s Squawk Box, and discuss Texas’ strong economy, competitive jobs market and record population growth. While in New York, the governor will also speak at a 12th Man Foundation dinner honoring former Texas A&M University Football Coach R.C. Slocum, and give remarks at the Forbes Healthcare in the USA-Prescription for Change Forum.
Wednesday, November 21, 2012 Austin, Texas Press Release
Gov. Perry Announces Visa to Create 800 New Jobs in Austin
Gov. Rick Perry today announced Visa U.S.A. Inc. will build a new global IT center and create 794 new jobs in Austin and millions in capital investment. In exchange for Visa's commitment to create these new jobs in Texas, the state has offered the company $7.9 million through the Texas Enterprise Fund (TEF). Execution of a state agreement is contingent upon finalization of local incentives.
Friday, November 16, 2012 Austin, Texas Noteworthy
Start Your Engines: U.S. Grand Prix Debuts in Texas