Economic Development

Californians in Austin seeking remedies for their state's deep budget funk

Thursday, April 14th, 2011
Austin American-Statesman
By: Kirk Ladendorf
A delegation of California lawmakers came to Austin on Thursday looking for answers on how to stem their state's massive job outflow. The bipartisan group included a dozen state officials, among them Lt. Gov. Gavin Newsom, who have traveled to Texas looking for new ways to bolster the troubled economy in their own state.

Read More…

California delegation coming to see what Texas does right on jobs

Tuesday, April 12th, 2011
Austin American-Statesman
Brian Gaar
Saying they're stung by losing jobs to Texas, a group of California legislators will begin its self-proclaimed "fact-finding" mission to Austin on Thursday. The trip was organized by state Assemblyman Dan Logue, a Republican from Linda, Calif., who hosted a similar trip to Nevada two years ago.

Read More…

Gov. Perry Announces eBay to Create More Than 1,000 High-Paying Jobs in Austin

Tuesday, April 12th, 2011

Gov. Rick Perry today announced the state is investing $2.8 million through the Texas Enterprise Fund (TEF) in eBay Inc. for the expansion of its Austin facility. This investment will create 1,050 high-paying jobs and generate an estimated $5.1 million in capital investment.

Read More…

Governor Perry announces 125 jobs in Cuero

Recently, Governor Perry announced that idX Corp. would build a manufacturing facility in Cuero and create 125 jobs because of an investment by the Texas Enterprise Fund.

"To have an international company of the stature of idX locate here is a testament to Cuero's pro-business climate and commitment to manufacturing," Cuero Development Corporation Executive Director Randall Malik said. "Our ideal location for manufacturing and the Texas Enterprise Fund played a significant role in idX's decision to locate in Cuero."

Read More…

Governor announces more than 400 jobs coming to Richardson

At a ceremony in Richardson, Governor Perry announced a new corporate headquarter in Texas that will create more than 400 jobs.

"I have the great privilege today to announce Richardson will be home to the new corporate headquarters for Virtual Computing Environment, with a $2.45 million Texas Enterprise Fund investment helping close the deal that will bring hundreds of new jobs to town."

To read the related press release and a transcript of the governor's remarks, visit

Read More…

Texas could add 374,000 jobs this year, Dallas Fed economists say

Thursday, Mar. 10, 2011
Scott Nishimura
Federal Reserve Bank of Dallas economists said Thursday that Texas could add 261,000 to 374,000 jobs this year, growing between 2.5 and 3.5 percent, based on movements in leading indicators. At that pace -- Texas jobs are already growing about 2.5 percent annually -- the state's unemployment rate could drop to 7 percent by year's end, economists Keith Phillips and Emily Kerr said in the bank's latest edition of Southwest Economy. Separately, the Texas Workforce Commission said the state added 44,100 jobs in January from a month earlier, moving to just under 10.5 million. The growth was led by trade, transportation and utilities.

Read More…

Texas ranks first for business expansion

Published 05:30 p.m., Tuesday, March 1, 2011
By William Pack
Texas claimed 424 business expansion projects in 2010, enough to win the Site Selection Governor's Cup for the year, Site Selection magazine said Tuesday. Texas' 2010 count for new and expanded corporate facilities was 50 percent larger than the number it recorded in 2009 and beat Ohio, the second-place finisher in 2010, by 48 projects.

Read More…

Texas factory activity picks up in February

Published 28 February 2011 10:29 AM
Dallas News
Texas factory activity picked up in February after a sluggish showing the previous month, the Federal Reserve Bank of Dallas said Monday. The production index of the Dallas Fed’s monthly manufacturing survey rose to nearly 10, suggesting expansion.

Read More…

State of the State

Governor Perry delivered his State of the State address this week, proposing to consolidate or suspend non-critical state agencies in order to make state government more streamlined and efficient. The governor also outlined his priorities for the 82nd Legislative Session, including balancing the budget without raising taxes, preserving essential services, and strengthening Texas' position as a national economic leader through sound policies. Check out the Governor's entire State of the State address below.

Read More…

Texas dominates economic recovery rankings

November 30, 2010
San Antonio Express-News
David Hendricks
Four Texas metropolitan areas — Houston, Austin, Dallas and San Antonio — dominate the top 15 U.S. cities in a global study to determine the level of cities' recovery from the recession. The Brookings Institution Metropolitan Policy Program report ranks 150 cities: 50 in the United States, 50 in Europe and 50 in the rest of the world. Austin was the highest-ranked U.S. city and No. 26 in the world. Dallas ranks as the No. 4 U.S. city and No. 39 in the world. San Antonio ranks No. 11 in the U.S. and No. 51 in the world. Houston is ranked No. 15 in the U.S. and No. 61 in the world, according to the report, Global MetroMonitor, which received assistance from the London School of Economics and Political Science. San Antonio, Houston and Dallas rose in global rankings during the past two years from their pre-recession rankings. Austin stayed about the same, ranking No. 25 among the 150 metro areas before the recession. The report found that income and job growth in metro areas exceed those of their nations as a whole, which means large cities are leading the global recovery from the 2007-09 recession.

Read More…

Syndicate content

Raconteur Media Company in Austin, TX designed, develops and maintains for Texans for Rick Perry.