Gov. Perry Helps Cut Ribbon at Huawei Technologies' New U.S. Headquarters
Gov. Rick Perry today credited Texas' low taxes, reasonable regulations and skilled workforce with attracting jobs and businesses from around the world, helping Texas' economy lead the nation. The governor spoke at the grand opening of Huawei Technologies U.S.A.'s new headquarters, which is projected to create hundreds of jobs over the years to come. Gov. Perry met with Huawei's founder and CEO, Ren Zhengfei, in Shanghai during his 12-day bridge building trip to Asia this summer to discuss Huawei's plans to expand in Plano, and to encourage Huawei's continued investment in the state.
"Huawei has a strong, worldwide reputation as an innovator of quality telecommunications technology, with facilities spread across the globe," Gov. Perry said. "Since 2001, Huawei has been a strong presence and job creator in North Texas, and this facility represents an investment in the quality of our workforce and the continued strength of Texas' economy."
Huawei is a global telecommunications company specializing in revolutionary wireless communications. The company has created nearly 900 jobs in the U.S., more than 590 of them in Texas.
Texas' economy continues to receive national attention. Just this week, Meredith Whitney, a noted analyst who accurately predicted the national banking crisis, listed Texas as the national leader in state financial health in her report about the perilous condition of most state governments. Of the 15 largest states, only Texas and Virginia earned overall positive rankings.
National Journal and The Atlantic recently named Texas the leading state for the national economic recovery. Additionally in July, CNBC named Texas America's Top State for Business. Texas was also recently named the "Best State to Do Business" by CEO Magazine for the sixth year in a row, and four of Texas' metro areas were listed as "America's Recovery Capitals" by Forbes and Moody's Economy.
No other state is home to more Fortune 1000 companies, and Texas is the nation's leading exporting state for the eighth consecutive year. Texas created more jobs than any other state in the nation not only since the beginning of 2010, but also over the last 10 years.
Economic Development »