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

The Economic Legacy of Governor Rick Perry

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Rick Perry’s no-frills airline

The Economist
David Rennie
COWBOY swagger can be a great look—until the strutting hero trips and falls flat on his face. Governor Rick Perry of Texas learned that in 2011. For a heady moment he led the field of Republicans seeking the presidential nomination. Then came the fall. An ill-prepared Mr Perry was stunned when rivals attacked him from the right, denouncing his (admirable) policy of offering subsidised university places to Texas residents, regardless of immigration status, in the interests of a skilled workforce. The end came with an “Oops” heard around the world, uttered during a TV debate in which—flustered and battling severe back-pain—Mr Perry forgot which federal departments he wanted to abolish.

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The Fraser Institute: Texas and South Dakota Most Economically Free States, Maine the Least Free

Digital Journal
TORONTO, ONTARIO--(Marketwired - Dec. 2, 2014) - Texas and South Dakota have tied for the highest level of economic freedom among all U.S. states, finds a newreport released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

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Texas oil topped 3M barrels per day again in September; as a separate nation it would be world’s 7th largest oil producer

Mark J. Perry
The Energy Information Administration (EIA) released new state crude oil production data last week for the month of September, and one of the highlights of that monthly report is that oil output in America’s No. 1 oil-producing state – Texas – continues its phenomenal, eye-popping rise. Here are some details of oil output in “Saudi Texas” for the month of September and the economic impact that production is having on the state’s economy:

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Texas breaks record for jobs added in 12-month span

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

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

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

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

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

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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