Gov. Perry on Economic Development in Texas

Texas has consistently been ranked as one of the best places to do business in the nation under Gov. Perry’s leadership.

  • Aggressive Job Creation. Since July 2003, Texas has created more than 1 million net new jobs. In 2008, more than half of the jobs created in the entire nation were created in Texas. In October and November of 2009, Texas gained 70,000 jobs while the nation as a whole lost 122,000 jobs. The Texas Enterprise Fund, the largest job creation fund of its kind in the nation, began under Perry in 2003 and is generating more than 55,000 new jobs and $15 billion in capital investment for Texas.
  • Record Property Tax Reductions. Gov. Perry championed $15.5 billion in property tax reductions, which resulted in a 33 percent decrease in school property tax rates for Texas homeowners and businesses.
  • Texas is Succeeding. Click here to see the dozens of accolades and awards Texas has received for its strong economy and friendly business climate.

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Read Related Press Releases, Blog Posts and News Articles about Gov. Perry on Economic Development in Texas

Texas breaks record for jobs added in 12-month span

11/17/14
Dallas Morning News
Maria Halkias
The Texas economy added 36,400 jobs in September, according to data released Friday by the Texas Workforce Commission. Over the past 12 months, employers added 413,700 jobs — the most ever recorded by the state.

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Texas Leads Best States For Future Job Growth

11/12/14
Forbes
Kurt Badenhausen
Rick Perry ascended from Lieutenant Governor to Governor of Texas in December 2000 when then-governor George Bush resigned after being elected the 43rd President of the United States. Perry will retire in January with the tenth longest gubernatorial tenure in U.S. history. Perry made job creation one of his principle mantras, and he has overseen remarkable employment gains under his watch with 2.1 million jobs added during his tenure. The total represents 30% of the jobs added in the U.S. since 2000 and more than twice as many as any other state.

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Building Boom Towns: Metro Areas With The Most New Construction In 2014

11/11/14
Forbes
Erin Carlyle
While the rest of the country struggled to recover from the recession, the economy in Texas has been on fire. Thanks to a boom in horizontal drilling and fracking, the state’s oil output has more than doubled over the past three years to 3.18 million barrels per day—a level not seen since 1976.

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11 Staggering Facts About The Texas Economy

11/02/14
Business Insider
Elena Holodny
If the Lone Star State were its own country, it would have the 13th highest GDP in the world.

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Texas Among Best Tax Climates In Nation, New York And New Jersey The Worst

10/30/14
Breitbart
Kristin Tate
HOUSTON, Texas -- California, New York, and New Jersey are home to America's worst business tax climate, according to a new comprehensive index by the Tax Foundation. Texas, on the other hand, ranked in the top ten. This should come as no surprise to Texans, many of whom pride themselves as living in a state with relatively low taxes and reliable regulation.

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Dallas-Fort Worth ranks among top U.S. areas for most jobs added

10/29/14
Dallas Morning News
Sheryl Jean
Houston and Dallas-Fort Worth areas ranked among the top U.S. metropolitan areas for the most number of jobs added over the last 12 months, according to data released today by the U.S. Bureau of Labor Statistics.

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Growth at mid-sized companies helps the Texas and U.S. economies

10/29/14
Dallas Morning News
Sheryl Jean
Recent data shows that mid-sized companies — those with annual revenue of $10 million to $1 billion — provide an outsized economic boost to Texas from robust revenue and employment growth.

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Gov. Perry Announces TEF Investment Bringing More Than 200 Jobs to Seguin

10/28/14
AUSTIN - Gov. Rick Perry today announced the state is investing $800,000 from the Texas Enterprise Fund (TEF) in Siro Group USA to close the deal on a manufacturing facility in Seguin that will create more than 200 jobs and pump $58.5 million in capital investment into the local economy.

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Report: Circuit of the Americas has $897 million impact on economy

10/28/14
Austin American-Statesman
Gary Dinges
The 200 or so events held in the past year at the Circuit of the Americas have had a combined impact of $897 million on Austin’s economy, according to a report released Tuesday.

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Gov. Perry Welcomes Toyota Headquarters to North Texas

10/27/14
PLANO - Gov. Rick Perry today welcomed Toyota's new North American headquarters to Plano. Once completed, the facility will bring nearly 4,000 jobs and more than $300 million in capital investment to North Texas.

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