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

  • Monday, November 15, 2004 • Editorial
    Historic Medical Liability Reform Helping Doctors, Patients in Rio Grande Valley
    A year ago, Texas was in the midst of a healthcare crisis that, without major reforms, threatened to jeopardize our access to quality, life-saving healthcare. Doctors across the state were limiting and, in some cases, closing their practices because they could no longer afford liability insurance. Many expectant mothers were driving long distances to find an obstetrician to provide pre-natal care and deliver their newborns. High-risk communities were losing neurosurgeons, general surgeons and other specialists. And hospitals statewide were experiencing huge liability increases, culminating with a rate hike of more than 50 percent in 2003.
  • Monday, November 08, 2004 • Press Release
    Perry Announces Nationwide Campaign to Attract Businesses to Texas
    SAN ANTONIO – Today Gov. Rick Perry announced a nationwide advertising campaign to promote Texas as a leading business destination in a speech to CoreNet Global, an association of over 7,500 corporate real estate executives, service providers and economic developers based on 5 continents.
  • Friday, November 05, 2004 • Speech
    Gov. Rick Perry's Remarks At Core Net
  • Monday, November 01, 2004 • Press Release
    Texas Named Top State in the Nation to Do Business
    AUSTIN – Site Selection Magazine, the world’s foremost publication for business expansion and relocation, has named Texas the top state in the nation to do business. In its annual ranking of state business climates, Site Selection Magazine ranked Texas first, surging ahead of three-year leader North Carolina, as the top business climate in the country.
  • Wednesday, October 27, 2004 • Speech
    Gov. Rick Perry's Remarks Regarding Huntsman Expansion