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

Cap and Tax Threatening Texas Jobs

In less than six months, Texas voters will go to the polls and choose between two starkly different visions for Texas.

The first vision is one of limited government that fosters an environment for good Texas jobs, economic growth, boundless opportunity, and greater personal freedom.

The second, favored by Gov. Perry’s opponent, is a vision of more government spending, more taxation, and expanded government control over every aspect of your life. He supports the goals Obama-care. He calls spending cuts by state agencies “Soviet-style” governance. And he supports California-style emissions regulations, which would cripple industry in Texas.

In fact, if you wonder why Bill White is an Obama-like liberal, look no further than the issue of cap and trade…more accurately known as cap and tax, because it will cap our economy and tax away our jobs.

While Texas leaders fight the Obama Administration’s job-killing regulatory policies in court, the former mayor of Houston—our nation’s largest energy producer—advocates policies that would decimate the very industry the Bayou City was built on.

The Democratic nominee for governor went so far as to send an advisory memo to Obama’s chief of staff, telling him how to sell cap and tax to the American public!

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Three Texas metro areas among best for growth, study says

May 13, 2010
Ft. Worth Star-Telegram
Steve Campbell
Texas metro areas have already been singled out as among the best places to ride out the Great Recession, but a new study illustrates the long-term vigor of the Dallas-Fort Worth, Houston and Austin economies. Seattle; Washington, D.C.; and Denver topped the list of strongest local economies over two decades, from 1989 to 2008, according to Policom Corp.'s 2010 ranking of 366 metropolitan statistical areas. And while Houston (No. 4), Dallas-Fort Worth (No. 10) and Austin (No. 12) didn't lead the list, the top 15 spots are virtually interchangeable, said William Fruth, president of Policom, a Palm City, Fla., company that specializes in analyzing local and state economies. What does stand out is Texas' long-term economic performance, he said. Driving that success is the state's diversified economy, low tax rates and limited regulation, he said. "There is no other state in the country that has had a better track record for 20 years of quality economic growth than Texas," Fruth said. "When you chart out the states, no one has done better." Why? "I knew the answer to that question and I asked a local economic developer in Texas. His response: 'We shoot regulators at the state line.' That sums it up," Fruth said. "You have greater economic freedom and an attitude that we want economic development. "You go to Texas and you are a go-go state. We want you to come here and grow and be profitable." Fruth's list closely mirrors an assessment of the best cities to find jobs released by Newgeography.com in April. "If you look at all the regions, nothing else does as well as Texas," Pepperdine University professor Michael Shires told the Star-Telegram after the five major Texas cities notched half of the top 10 spots for jobs. "During volatile times, places with broad-based growth strategies -- like Texas and Utah -- do best," Shires wrote in an article accompanying the rankings, "Finding the Good in This Bad Time." Fruth said his rankings incorporate 23 economic factors and don't reflect the "latest 'hot spot' or boomtown" but areas with the strongest economic foundations. "While most communities have slowed or declined during this recession, the strongest areas have been able to weather the storm," he said. "The top-rated areas have had rapid, consistent growth in both size and quality for an extended period of time." Two factors helped Seattle notch the top spot: Boeing and Microsoft. "They provide lots of jobs, and they pay very well," Fruth said. Washington, D.C., which has been ranked 1st, 2nd or 3rd over the last seven years, has a built-in advantage, he said. "The federal government is bigger than any corporation. It keeps growing. The jobs are stable, and they pay well." Other Texas metro areas in the top 100 were San Antonio (No. 29), Corpus Christi (No. 80) and Killeen-Temple-Fort Hood (No. 89). Read more: http://www.star-telegram.com/2010/05/13/2188210/three-texas-metro-areas-among.html#ixzz0oCdbhbo9

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Perry Snapshots: Rio Grande Valley Endorsements

On Friday, Governor Perry traveled down to the Rio Grande Valley to receive endorsements from mayors, mayors pro-tempore, school board members and city commissioners. Over 30 elected officials pointed to Perry's principled leadership and success in maintaining a friendly business climate and strong economy in offering their support of his re-election campaign.

Rio Grande Valley Officials Endorse Governor Perry

Rio Grande Valley Officials Endorse Governor Perry

Rio Grande Valley Officials Endorse Governor Perry

Rio Grande Valley Officials Endorse Governor Perry

Rio Grande Valley Officials Endorse Governor Perry

A great way to see what Governor Perry does on the campaign trail is by following his flickr page! Just go to http://www.flickr.com/photos/rickperry and view photos of Governor Perry connecting with Texans all across the state.

Also, you can continue to show your support for Governor Perry by becoming a fan on Facebook.

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The Texas Success Story.

Take a moment to watch our latest web video highlighting the success of the Texas economy:

Two amazing but true facts about the strength of the Texas economy:

First:

Amongst the 40 largest states (accounting for 97% of the U.S. population), Texas is the only one that still had more jobs in March 2010 than before the national recession began three years ago (Jan. 2007-Jan. 2010). Texas’ net increase in jobs compares to California’s net loss of nearly 1.3 million during the same period.

Second:

Texas created more new jobs over the past decade than any other state in the nation. Most other U.S. states, on the other hand, actually ended the decade with fewer jobs than when it began. (Jan. 2000-Jan. 2010)

texasleadsnation

Texas' success did not happen by accident. Our state's fiscally conservative, pro-growth approach has helped Texas weather the recession better than any other large state in America.

The non-partisan, non-profit Small Business & Entrepreneurship Council just last week again named Texas' tax structure among the very best tax systems for entrepreneurship and small business in 2010.

NewGeography examined the best cities for jobs in 2010, and it was not accidental that Texas cities dominated the rankings in the small, medium, and large sized city categories.

With high profile companies such as Facebook now calling Texas home and creating jobs in our state, it makes sense that Texas saw the second largest high-tech employment gains in the nation in 2008 even as the recession gathered steam. Jeff Clark, TechAmerica Executive Director added, “The fact that Texas’s tech industry was adding jobs in 2008 amidst the recession is a testament to its strength.”


Chief Executive Magazine surveyed more than 600 CEOs and found that Texas is still the top state for business-- for the sixth year in a row.

Texas, the second-most populous state and the world’s 12th largest economy, is where 70 percent of all new U.S. jobs have been created since 2008. Unsurprisingly, it scores high in all the areas CEOs value most. “You feel like state government understands the value of business and industry to create jobs and growth,” observed one CEO. Its tax credits and incentives to business choosing to locate or expand are among the most aggressive. The Texas Enterprise Fund is by far the largest deal-closing fund of any state, with grants totaling $377 million disbursed in 2008.

Little wonder then that while Texas gained over 848,000 net new residents in the last 10 years, according to the Census Bureau, California lost 1.5 million.

Individuals responsible for the success of large and small businesses alike know that Texas is a place where organizations can risk their capital, find a qualified and educated workforce, deal with low taxes and a predictable regulatory climate, not be over-litigated, and succeed.

Individuals looking for good jobs know that Texas is a great place to live, work, and raise a family; the latest data from Allied Van Lines once again proves that point, as more Americans voted with their feet and relocated to Texas than any other state last year.

The Dallas Federal Reserve noted this week that Texas exports rose 20.3% in the second half of 2009 and 7.6% in February 2010, Texas home sales are again on the rise, Texas retail sales have grown for eight straight months, and March job growth in Texas was twice the national rate (while the foreclosure rate in Texas is half the national pace).

Indeed, while no place in America has been completely immune to the global economic crunch, the Dallas Fed explains, "new data and anecdotal evidence suggest that a recovery is under way in the state."

Even the Brookings Institution, which nobody would mistake for a right-of-center organization, takes note of Texas' success.

There is a reason so many are recognizing Texas' success. Let's keep the positive momentum going in Texas. Let's re-elect Governor Rick Perry in November.

Follow Governor Perry's tweets at http://twitter.com/GovernorPerry.
Get updates from the campaign at http://twitter.com/GovPerry2010.
Become a supporter of Governor Perry at http://facebook.com/GovernorPerry.

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Texas Gains Recognition for Economic Strength under Governor Perry's Leadership

Economic and job growth in Texas will help lead the nation out of recession. The Texas model is one that other states’ governments and the federal government should study for success. As evidence mounts, more and more public officials, news publications, and opinion leaders are pointing to Texas as the ideal case of fiscal management.

Governor Perry’s commitment to fiscally conservative principles has kept Texas the best economic climate in the nation. The American dream is the opportunity to raise a family with the freedom to prosper, and that dream is made possible through low taxes, predictable regulations, limited government, balanced budgets, and a fair legal system. The best thing government can do is step back and allow the private sector to flourish.

CEO Rankings

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Best and Worst States for Business 2010

April 29, 2010
Chief Executive Magazine
<b>More than 600 CEOs rated states on a wide range of criteria from taxation and regulation to workforce quality and living environment, in our sixth annual special report.</b> In Chief Executive’s annual survey of best and worst states for business, conducted in late January of this year, 651 CEOs across the U.S. again gave Texas top honors, closely followed by North Carolina, Tennessee and Virginia. They gave the booby prize for worst state to California, with New York, Michigan, New Jersey and Massachusetts filling out the bottom five-a line-up virtually unchanged from last year. Florida and Georgia each dropped three places in the ranking, but remain in the top 10. Utah jumped six positions this year to sneak into the top 10 at No. 9. The business leaders were asked to draw upon their direct experience to rate each state in three general categories: taxation and regulation, quality of workforce and living environment. Within each category respondents graded states in five subcategories, as well as ranking each in terms of its importance to the respondent and how individual states measure up <a href="http://www.chiefexecutive.net/ME2/dirmod.asp?sid=0CC7FBE04E534C16922586F98AF9AEB3&nm=Articles&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=D89686F3721B4211AB39E53C70A39748">(Click here to see How CEOs Grade the States chart).</a> <center><img src="http://farm4.static.flickr.com/3327/4575288846_02fab67dec.jpg" width="300" height="262" alt="CEO Rankings" /></center> For example, Texas fares competitively with Nevada and Delaware in terms of taxation and regulatory environment, but scored best overall, in no small measure because of the perception that its government’s attitude to business is ideal. Runner-up North Carolina edged Texas slightly in its living environment, but scored somewhat below the Lone Star state in terms of government attitude to business and work ethic, which is a sine qua non for the business leaders. <a href="http://www.chiefexecutive.net/ME2/dirmod.asp?sid=0CC7FBE04E534C16922586F98AF9AEB3&nm=Articles&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=33AC08A81AC3492881464F494F1376F7">(Click here to see the chart)</a> After employee work ethic, CEOs most highly prize lower tax rates and perceived attitudes toward business, followed by living environment considerations, such as real estate costs and education. “Texas is pro-business with reasonable regulations,” one CEO respondent remarked, “while California is anti-business with anti-business regulations.” Another commented, “California is terrible. Even when we’ve paid their high taxes in full, they still treat every conversation as adversarial. It’s the most difficult state in the nation. We have actually walked away from business rather than deal with the government in Sacramento.” “The leadership of California has done everything in its power to kill manufacturing jobs in this state,” observed another CEO. “As I stated at our annual meeting, if we could grow our crops in Reno, we’d move our plants tomorrow.” How is it that the nation’s most populous state at 37 million, one that is the world’s eighth-largest economy and the country’s richest and most diverse agricultural producer, a state that had the fastest growth rate in the 1950s and 1960s during the tenures of Democratic Governor Pat Brown and Republican Governors Earl Warren and Ronald Reagan, should become the Venezuela of North America? Californians pay among the highest income and sales taxes in the nation, the former exceeding 10 percent in the top brackets. Unemployment statewide is over 12.2 percent, higher than the national average. State politics seems consumed with how to divide a shrinking pie rather than how to expand it. Against national trend, union density is climbing from 16.1 percent of workers in 1998 to 17.8 percent in 2002. Organized labor has more political influence in California than in most other states. In addition, unfunded pension and health care liabilities for state workers top $500 billion and the annual pension contribution has climbed from $320 million to $7.3 billion in less than a decade. When state employees reach critical mass, they tend to become a permanent lobby for continual growth in government. Bill Dormandy, CEO of San Francisco medical device maker ITC, summed it up: “California has a good living environment but is unfavorable to business and the state taxes are not survivable. Nevada and Virginia are encouraging business to move to their states with lower tax rates and less regulatory demands.” <b>Lone Star Leader</b> By contrast, Texas, the second-most populous state and the world’s 12th largest economy, is where 70 percent of all new U.S. jobs have been created since 2008. Unsurprisingly, it scores high in all the areas CEOs value most. “You feel like state government understands the value of business and industry to create jobs and growth,” observed one CEO. Its tax credits and incentives to business choosing to locate or expand are among the most aggressive. The Texas Enterprise Fund is by far the largest deal-closing fund of any state, with grants totaling $377 million disbursed in 2008. Little wonder then that while Texas gained over 848,000 net new residents in the last 10 years, according to the Census Bureau, California lost 1.5 million. New York State’s net loss exceeded 1.6 million - the highest of any state. High-tax, big- government New Jersey ranked fourth, with a net loss of almost 460,000, enough to drop it from 10th to 11th place in population. “The New York state legislature is the most dysfunctional in the land and one of the reasons why New York is the worst,” one exasperated New York City business leader volunteered. The political elites in the states that dismiss out-migration trends overlook the radical demographic adjustment underway. As higher-income earners leave, they are more often replaced by those with lower incomes and lower skills, many needing public assistance. Gone too are the entrepreneurs and risk-takers, off seeking regions where their job creating abilities are rewarded. Another more daunting reality is in store. The so-called de-leveraging of America hasn’t reached government. U.S. cities and states have issued over $2 trillion in new debt since 2008, with another $1 trillion scheduled this year. The problem is that state revenues in real terms may not reach 2008 levels until late in 2012, according to John Thomasian of the National Governors Association Center for Best Practices. As he emphasizes in his paper, “The Big Reset: State Government after the Great Recession,” states will have to rethink and redesign government in terms of what is essential and what can be made more efficient if their citizens are to have much of a future. The results of this survey may point the way. http://www.chiefexecutive.net/ME2/Audiences/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=59FD13C5177B40B0B2D3EBA9E4384572&AudID=F242408EE36A4B18AABCEB1289960A07

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Over 1,000 Jobs to be Added in San Antonio

Governor Perry has made job creation the top priority in Texas under his leadership. Over the past decade, Texas has created more private-sector jobs than any other state, and in 2008, Texas created more jobs than all the other states combined.

Recently, Gov. Perry announced that Kohl's would add more than 1,000 jobs to the San Antonio area through an investment of the Texas Enterprise Fund (TEF), as Texas remains the best place to live, work, and raise a family.

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South Dakota, Texas top states for entrepreneurs, New Jersey is worst

April 27, 2010
The Washington Examiner
Mark Tapscott
Thinking about starting a business but not sure where to locate it? The <a href="http://www.sbecouncil.org/home/index.cfm">Small Business and Entrepreneurship Council (SBE)</a> has just the thing for you - an index of how friendly each of the 50 states are in their tax codes to such endeavours. South Dakota, Texas, and Nevada are the top three states with the most small-business and entrepreneur friendly tax systems, according to the latest edition of the index. To grasp just how difficult a task is facing Gov. Chris Christie's New Jersey is the worst state in the Index. The index measures 16 different factors in rating an individual state, then assigns it an index number based on its composite performance on those factors. With the economy in the Great Recession, state tax policies are even more important to small businesses and entrepreneurs, according to Raymond J. Keating, SBE's chief economist and author of the index. "The economy started to hit rough waters in late 2007. Lawmakers at the federal level made matters worse by imposing and pushing for increased tax and regulatory burdens that will raise costs for the entrepreneurial sector of the economy. Unfortunately, state lawmakers in many states have piled on with their own burdens. Indeed, many state tax systems send an unmistakable signal to investors and entrepreneurs that they would be better off doing business elsewhere," Keating said. "Taxes at the state and local levels matter by diverting resources from and reducing incentives for productive, private-sector risk taking that generates innovation, growth and jobs. Quite simply, economic recovery will be restrained by high and/or increasing taxes, or boosted by low and/or falling taxes. Governors and legislators have a choice," he said. The rest of top 10 states in the index include, in rank order from fourth to 10th: Wyoming, Washington, Florida, Alabama, Alaska, Ohio, and Colorado. The rest of the bottom 10 states after New Jersey include, starting with 49th Minnesota, followed by California, New York, Maine, Iowa, Vermont, Oregon, Massachusetts, Rhode Island, and Hawaii. New Jersey's only consoliation is that the District of Columbia would rank 51st if it were a state. For more on the Index, <a href="http://www.sbecouncil.org/businesstaxindex2010/">go here.</a> Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/South-Dakota-Texas-top-states-for-entrepreuners-New-Jersey-is-worst-92218404.html#ixzz0mpXXjnTW

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Cap and Tax Threatening Texas Jobs

In less than six months, Texas voters will go to the polls and choose between two starkly different visions for Texas.

The first vision is one of limited government that fosters an environment for good Texas jobs, economic growth, boundless opportunity, and greater personal freedom.

The second, favored by Gov. Perry’s opponent, is a vision of more government spending, more taxation, and expanded government control over every aspect of your life. He supports the goals Obama-care. He calls spending cuts by state agencies “Soviet-style” governance. And he supports California-style emissions regulations, which would cripple industry in Texas.

In fact, if you wonder why Bill White is an Obama-like liberal, look no further than the issue of cap and trade…more accurately known as cap and tax, because it will cap our economy and tax away our jobs.

While Texas leaders fight the Obama Administration’s job-killing regulatory policies in court, the former mayor of Houston—our nation’s largest energy producer—advocates policies that would decimate the very industry the Bayou City was built on.

The Democratic nominee for governor went so far as to send an advisory memo to Obama’s chief of staff, telling him how to sell cap and tax to the American public!

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Bobby Labonte And TRG Motorsports Team With Governor Rick Perry For Spring Race At Texas Motor Speedway

April 6, 2010
LEWISVILLE – TRG Motorsports, NASCAR Champion Bobby Labonte and Gov. Rick Perry today announced that Texans for Rick Perry will sponsor the No. 71 racecar of NASCAR’s most popular Texan, Bobby Labonte, during the Samsung Mobile 500 at Texas Motor Speedway on April 18, 2010. “I am proud to partner with fellow Texan and unwavering patriot, Bobby Labonte, in my effort to raise awareness of the conservative values that have kept our state at the forefront of the national economy,” said Gov. Perry. “Texas has remained strong in the midst of these challenging economic times because of the team effort embraced by hardworking Texans and conservative leaders – teamwork that has kept our taxes low, unemployment down and job creation up. My campaign’s sponsorship of the No. 71 race car will send the message to all Texans that elections are about the hardworking people who make our state great; this election is about moving Texas forward.” Emblazoned with the Texans for Rick Perry logo and the sponsorship slogan Moving Texas Forward, the Chevy Impala SS driven by Labonte will tour across the state in the days leading up to the Samsung Mobile 500 race at Texas Motor Speedway on April 18, offering race fans the chance to get an up close and personal glimpse at a stock car and learn more about Gov. Perry’s effort to keep Moving Texas Forward. “I couldn’t be more excited to have Gov. Perry on board the No. 71 for the Texas race,” Labonte said. “It’s always great for me to come back to my home state and now I’ve got an even bigger reason to be able to connect to all of the fans and my fellow Texans.” NASCAR is an important contributor to Texas’ economic vitality, drawing more than 400,000 spectators and generating revenue equivalent to one Super Bowl event, approximately $90 million, during a single NASCAR weekend at Fort Worth’s Texas Motor Speedway. The speedway is home to the five largest single-day spectator events in the state of Texas, two NASCAR Sprint Cup Series events, two NASCAR Nationwide Series events and the IndyCar Series Race, contributing a regional economic impact of approximately $300,000,000 per year. “This is a prime example of why NASCAR sponsorship is such an effective marketing platform,” said team owner Kevin Buckler. “We are going to help Gov. Perry reach a huge number of Texans in a very short period of time. Bobby and the No. 71 are going to provide a call to action to all of the governor's supporters in the NASCAR world. It’s great to see Gov. Perry utilize such a creative way to run for re-election – right in his own back yard.” -xxx- About TRG Motorsports TRG Motorsports is based in Mooresville, North Carolina, and is home to the No. 71 Chevrolet driven by NASCAR Champion Bobby Labonte. The team is in its second year of the NASCAR Sprint Cup Series after successfully competing in the Craftsman Truck Series and ARCA series. The Racer’s Group was founded in 1993 and has been competing at the top level of sports car racing. TRG’s Porsche sports car program is run out of the company’s headquarters in Petaluma, California. The team has the most wins of any team in the Grand-Am Rolex Series with 28, including the 2005 and 2006 Rolex Series GT championship trophy to go along with wins in the Rolex 24 Hours at Daytona (three) and the 24 Hours of Le Mans. For more information, please contact Adriana Wells at (704) 662-7158 or adriana@trgmotorsports.com. Detailed team info can be viewed at www.trgmotorsports.com and www.theracersgroup.com. For sponsorship information, please contact Jason Solomonson at (704) 662-7158. MEDIA CONTACTS: TRG Motorsports/Bobby Labonte: Adriana Wells adriana@trgmotorsports.com 704-662-5950

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Raconteur Media Company in Austin, TX designed, develops and maintains RickPerry.org for Texans for Rick Perry.