Governor Rick Perry today issued the following statement on Comptroller Susan Combs' Revised Biennial Revenue Estimate:
"The revised revenue estimate shows the strength of Texas job creation and economic growth, but it does not mean lawmakers can abandon necessary budget reductions. Just as Texas families and employers have had to tighten their belts during the national recession, so must state government.
The same week in April that a delegation of government officials from beleaguered California came to Texas to examine the state’s sound economy, Republican Gov. Rick Perry announced deals with three major corporations, creating new jobs in the Lone Star State.
It’s no big secret why Texas has been attracting businesses, while corporations are fleeing California. As Perry told the Golden State visitors, Texas’ low taxes and regulatory sanity offer a friendly business climate for companies looking to set up shop.
These may be far from the best of times, but they are no longer the worst. Last year's annual "Best Cities for Jobs" list was by far the most dismal since we began compiling our rankings almost five years ago. Between 2009 and 2010, only 13 of 397 metropolitan areas experienced any growth at all. For this year's list, which measured job growth in the period between January 2010 and January 2011, most of the best-performing areas experienced actual employment increases -- even if they were modest.
For Forbes' list of the best cities for jobs, we ranked all 398 current metropolitan statistical areas, based on employment data from the Bureau of Labor Statistics reported from November 1999 to January 2011. Rankings are based on recent growth trends, mid-term growth and long-term growth and momentum. We also broke down rankings by size -- small, medium and large -- since regional economies differ markedly due to their scale.
Chief Executive magazine listed Texas the #1 state to do business after surveying 550 CEO's from across America.
"More than 500 CEOs considered a wide range of criteria, from taxation and regulation to workforce quality and living environment, in our annual ranking of the best states for business. The charts and articles in this special report and at http://www.chiefexecutive.net/states2011 show how each state fares on the factors most essential for a business-friendly environment—as well as what states are doing to attract and retain companies in the increasingly competitive battle to win site selection."
When a group of legislators proposed a trip to the state capitol of Texas to see what they do right that California does wrong, I first thought "I don't need to go because I'm a business owner and I know why businesses are leaving California -- we're over-regulated, we're taxed too much, and there's a constant war being waged against business and job creators."
But I decided to go -- at my own expense -- and in those three days, I heard first-hand testimony from political and business leaders in Texas and came away with great respect for their political leadership , something sorely missing here but something I hope to restore.
When our company recently expanded the number of its restaurants in Texas, I was startled to receive a call from Gov. Rick Perry thanking me for our decision.
In the 10 years I've been CEO of CKE Restaurants, no governor had ever made such a gesture. Perry went further during our conversation and asked what it would take to move our headquarters from California to Texas.
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It wasn't your usual legislative hearing. A group of largely Republican California lawmakers and Democratic Lt. Gov. Gavin Newsom traveled here last week to hear from businesses that have left their state to set up shop in Texas.
"We came to learn why they would pick up their roots and move in order to grow their businesses," says GOP Assemblyman Dan Logue, who organized the trip. "Why does Chief Executive magazine rate California the worst state for job and business growth and Texas the best state?"
The contrast is undeniable. Texas has added 165,000 jobs during the last three years while California has lost 1.2 million. California's jobless rate is 12% compared to 8% in Texas.
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.
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.
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.