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

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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Perry on May Jobs Numbers: “Texas Job Machine Firing On All Cylinders” Texas sees largest year-to-year job growth in nearly two decades

06/20/14
Gov. Rick Perry released the following statement today on the latest employment numbers released by the Texas Workforce Commission:

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Governor Smackdown: Watch the head honchos of the two hottest states for big business face off

06/11/14
Fortune
Anne VanderMey
In an exclusive Fortune video, Jerry Brown and Rick Perry weigh in on why their states are best-in-nation for Fortune 500 companies.

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Texas Gov. Rick Perry tries to woo Tesla in Sacramento

06/10/14
Los Angeles Times
Marc Lifsher
Driving an electric Tesla Model S sedan, the governor of Texas whisked into the state capital of California on Tuesday with a not-subtle message that he wants to keep nabbing businesses from the Golden State.

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RICK PERRY: California, like Texas, has what it takes to be an energy leader

06/09/14
The Bakersfield Californian
Rick Perry
A national energy boom is within our grasp, an economic surge that holds the potential to power our nation's economy with affordable energy while creating high-quality jobs and making our nation less dependent upon energy from less-stable parts of the world.

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ICYMI: Texas Tops Fortune 1000 List

06/03/14
AUSTIN – Texas is home to 103 Fortune 1000 companies – more than any other state – in addition to 52 Fortune 500 companies, according to Fortune Magazine’s 2014 rankings.

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