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 Is A Real Model For Economic Opportunity

08/21/14
Investors.com
Vance Ginn
Few states provide an economic environment that allows everyone an opportunity to succeed as does Texas.

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Statement by Gov. Perry on July 2014 Texas Jobs Numbers

08/15/14
AUSTIN – Gov. Rick Perry today released the following statement regarding the July 2014 employment numbers released by the Texas Workforce Commission:

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The Fastest-Growing States For Tech Jobs

08/07/14
Forbes
Susan Adams
What state is adding technology jobs at the greatest rate? My guess would have been Washington, where Seattle has become a center for cloud computing. Giant enterprise software maker Oracle announced last week that it would base its new cloud technology center there. Mammoth online retailer Amazon, of course, has its headquarters in Seattle, and its web services are based there. Azure, Microsoft’s cloud business, is in the area, as is Google’s, and data services provider Century Link has cloud operations in the city after buying information security software outfit Tier 3 in 2013.

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Graphic: Best And Worst Cities For Jobs 2014

07/23/14
Forbes
Kurt Badenhausen
The Florida economy was hammered during the financial crisis as tourism slowed, real estate prices plummeted and jobs disappeared, but the state has crawled back and continues to see heavy net migration into nearly every Sunshine State metro. People are chasing jobs with three Florida metros ranked among the 10 places expected to have the fastest job growth over the next three years and seven among the top 25. Naples leads the way with a projected average annual rate of 4.1%. Unemployment peaked in Naples in January 2010 at 12.2%, but was just 5.4% last month and is expected to stay low. Joining Naples among the top spots for job growth are fellow southern Florida locales Cape Coral and Port St. Lucie.

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Governor to Governor: Why Illinois Fails and Texas Thrives

07/09/14
Chicago Tribune
Rick Perry
Illinois and Texas each faced challenges in 2011. The national recession had damaged both states' economies and revenues were projected to be insufficient to cover anticipated spending. What happened next is a clear demonstration of the differences between blue states and red states.

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A Texas Guide to Economic Recovery: We Californians could learn how to grow from the Lone Star State

07/06/14
The Wall Street Journal
Bradley Allen
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.

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Aided by $8.6 Million TEF Grant, Active Network Relocates Company Headquarters to Dallas

07/03/14
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.

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California trails Texas in private equity investment dollars

06/24/14
The Sacramento Bee
Mark Glover
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.

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Texas job growth continues strong showing

06/23/14
The Pasadena Citizen
HCN News Services
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.

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