As a Californian, I am pained to say that three of the nation's five fastest-growing cities—and seven of the top 15—are in Texas, according to the U.S. Census Bureau. Much of this growth is spurred by the state's booming energy industry. Innovations such as hydraulic fracturing, "fracking," and horizontal drilling are making the state's gas and oil fields more productive than ever, attracting newcomers with high-paying jobs.
AUSTIN – Gov. Rick Perry has announced a Texas Enterprise Fund (TEF) investment of $8.6 million in Active Network, LLC, which is relocating its headquarters from San Diego, California to Dallas, creating 1,000 jobs and $13 million in capital investment.
California led all states in the number of companies with private equity investments in 2013, but it was far behind Texas in total dollars invested, according to the Washington, D.C.-based Private Equity Growth Capital Council.
The Texas economy continued its trend of job growth in May, expanding by 56,400 seasonally adjusted nonfarm jobs. A total of 383,100 jobs were added in the past 12 months, making it the largest over-the-year job increase in Texas in nearly 17 years.
Driving an electric Tesla Model S sedan, the governor of Texas whisked into the state capital of California on Tuesday with a not-subtle message that he wants to keep nabbing businesses from the Golden State.
A national energy boom is within our grasp, an economic surge that holds the potential to power our nation's economy with affordable energy while creating high-quality jobs and making our nation less dependent upon energy from less-stable parts of the world.