Gov. Perry Announces Cabela's will Build Two Stores in Texas
FORT WORTH – Today Gov. Rick Perry announced that Cabelas’s, one of the nation’s largest outfitters of hunting, fishing and outdoor gear, will build two stores in Texas to open in 2005. The stores will be located in Fort Worth and Buda, encompassing 200,000 and 175,000 square feet respectively.
“I am delighted to join the leadership of Fort Worth, in welcoming one of the foremost outfitters of hunting and fishing gear in the world to Texas,” said Perry. “With two stores set to open, Cabelas is bringing 600 full-time and several hundred part-time jobs to Texas and tapping into a tremendous marketplace of outdoors aficionados, with an estimated 2.4 million anglers and 1.2 million hunters.”
The Cabelas expansion into Texas represents a strong partnership between the public and private sectors. The Texas Department of Transportation will make $12 million in highway improvements in Buda, and a $600,000 grant will be provided from the Texas Enterprise Fund (TEF).
“Job creation and job retention are critical in this state’s effort to generate the revenue we need to fund the priorities of our citizens,” added Perry.
Known for attracting outdoor enthusiasts with their in-store education centers and museum-quality wildlife displays, the two new Cabelas locations are expected to attract more than 10 million visitors in the first year of operation. Almost half of the visitors are expected to come from outside of Texas and will spend more than $1 billion on goods and services in the first year alone. Additional economic growth in surrounding areas is expected in the form of new hotels, entertainment parks, restaurants and complimentary retail stores that will produce over $250 million in investment and an additional 2,000 jobs.
Last year the legislature approved the governor’s request for the $295 million TEF to help create new jobs in Texas and recruit new employers. This is the seventh job creation project funded by TEF. Other TEF projects are:
- $50 million to enhance engineering and computer science programs at the University of Texas at Dallas. The investment played a key role in Texas Instruments’ decision to build a new $3 billion research and manufacturing plant in Richardson.
- $1.5 million to Maxim for a new semiconductor facility in San Antonio that will create 500 new jobs over the next three to four years.
- $35 million grant to Vought Aircraft Industries that will bring 3,000 new jobs to Texas by 2009.
- $3.6 million to the Texas Energy Center, a consortium of private companies and public sector entities working together to further develop Texas’s potential as a national and international leader in energy-related innovation and commerce.
- $40 million grant to help launch the Advanced Materials Research Center (AMRC) in conjunction with semiconductor technology leader Sematech which is expected to generate more than 4,000 high-tech jobs in Texas over the next 10 years.
- $5 million to CITGO to relocate its corporate headquarters to Houston and to enhance its Corpus Christi refinery. The relocation and enhancement are projected to create 700 jobs in Houston and 120 jobs in Corpus Christi.
Governor's Initiatives »