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.

Back to The Issues >>

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

Governor Perry announces 125 jobs in Cuero

Recently, Governor Perry announced that idX Corp. would build a manufacturing facility in Cuero and create 125 jobs because of an investment by the Texas Enterprise Fund.

"To have an international company of the stature of idX locate here is a testament to Cuero's pro-business climate and commitment to manufacturing," Cuero Development Corporation Executive Director Randall Malik said. "Our ideal location for manufacturing and the Texas Enterprise Fund played a significant role in idX's decision to locate in Cuero."

Read More…

Governor announces more than 400 jobs coming to Richardson

At a ceremony in Richardson, Governor Perry announced a new corporate headquarter in Texas that will create more than 400 jobs.

"I have the great privilege today to announce Richardson will be home to the new corporate headquarters for Virtual Computing Environment, with a $2.45 million Texas Enterprise Fund investment helping close the deal that will bring hundreds of new jobs to town."

To read the related press release and a transcript of the governor's remarks, visit

Read More…

Texas could add 374,000 jobs this year, Dallas Fed economists say

Thursday, Mar. 10, 2011
Scott Nishimura
Federal Reserve Bank of Dallas economists said Thursday that Texas could add 261,000 to 374,000 jobs this year, growing between 2.5 and 3.5 percent, based on movements in leading indicators. At that pace -- Texas jobs are already growing about 2.5 percent annually -- the state's unemployment rate could drop to 7 percent by year's end, economists Keith Phillips and Emily Kerr said in the bank's latest edition of Southwest Economy. Separately, the Texas Workforce Commission said the state added 44,100 jobs in January from a month earlier, moving to just under 10.5 million. The growth was led by trade, transportation and utilities.

Read More…

Texas ranks first for business expansion

Published 05:30 p.m., Tuesday, March 1, 2011
By William Pack
Texas claimed 424 business expansion projects in 2010, enough to win the Site Selection Governor's Cup for the year, Site Selection magazine said Tuesday. Texas' 2010 count for new and expanded corporate facilities was 50 percent larger than the number it recorded in 2009 and beat Ohio, the second-place finisher in 2010, by 48 projects.

Read More…

Texas factory activity picks up in February

Published 28 February 2011 10:29 AM
Dallas News
Texas factory activity picked up in February after a sluggish showing the previous month, the Federal Reserve Bank of Dallas said Monday. The production index of the Dallas Fed’s monthly manufacturing survey rose to nearly 10, suggesting expansion.

Read More…

State of the State

Governor Perry delivered his State of the State address this week, proposing to consolidate or suspend non-critical state agencies in order to make state government more streamlined and efficient. The governor also outlined his priorities for the 82nd Legislative Session, including balancing the budget without raising taxes, preserving essential services, and strengthening Texas' position as a national economic leader through sound policies. Check out the Governor's entire State of the State address below.

Read More…

Texas dominates economic recovery rankings

November 30, 2010
San Antonio Express-News
David Hendricks
Four Texas metropolitan areas — Houston, Austin, Dallas and San Antonio — dominate the top 15 U.S. cities in a global study to determine the level of cities' recovery from the recession. The Brookings Institution Metropolitan Policy Program report ranks 150 cities: 50 in the United States, 50 in Europe and 50 in the rest of the world. Austin was the highest-ranked U.S. city and No. 26 in the world. Dallas ranks as the No. 4 U.S. city and No. 39 in the world. San Antonio ranks No. 11 in the U.S. and No. 51 in the world. Houston is ranked No. 15 in the U.S. and No. 61 in the world, according to the report, Global MetroMonitor, which received assistance from the London School of Economics and Political Science. San Antonio, Houston and Dallas rose in global rankings during the past two years from their pre-recession rankings. Austin stayed about the same, ranking No. 25 among the 150 metro areas before the recession. The report found that income and job growth in metro areas exceed those of their nations as a whole, which means large cities are leading the global recovery from the 2007-09 recession.

Read More…

Greetings From Recoveryland

November 8, 2010
Joel Kotkin
<em>Where can you go to escape the recession? Try any of these 10 places. Oh, and be prepared to wear red.</em> Like a massive tornado, the Great Recession up-ended the topography of America. But even as vast parts of the country were laid low, some cities withstood the storm and could emerge even stronger and shinier than before. So, where exactly are these Oz-like destinations along the road to recovery? If you said Kansas, you're not far off. Try Oklahoma. Or Texas. Or Iowa. Not only did the economic twister of the last two years largely spare Tornado Alley, it actually may have helped improve the landscape. NEWSWEEK has compiled a list of the 10 American cities best situated for the recovery. These are places where the jobs are plentiful, and the pay, given the lower cost of living, buys more than in bigger cities. In other words, places unlike much of the rest of the country. The cities, most of which lie in the red-state territory of America’s heartland, fall into three basic groups. There's the Texaplex—Austin, Dallas, San Antonio, and Houston—which has become the No. 1 destination for job-seeking Americans, thanks to a hearty energy sector and a strong spirit of entrepreneurism. There are the New Silicon Valleys—Raleigh-Durham, N.C.; Salt Lake City; and urban northern Virginia—which offer high-paying high-tech jobs and housing prices well below those in coastal California. And then there are the Heartland Honeys—Oklahoma City, Indianapolis, and Des Moines, Iowa—which are enjoying a revival thanks to rising agricultural prices and a shift toward high-end industrial jobs.

Read More…

Report shows Texas a main engine of U.S. job growth

October 29, 2010
Fort Worth Star Telegram
Steve Campbell
Texas created more than half the jobs in the nation over the last year, according to a report released Thursday. In the monthly review of the Texas economy for October, Ali Anari and Mark Dotzour of the Real Estate Center at Texas A&M University reported that the state added 166,000 jobs during the year ending in September for an annual growth rate of 1.6 percent. During the same period, the U.S. economy gained 321,000 jobs, an annual growth rate of 0.2 percent. The private sector is driving job creation in Texas, Anari said in a statement.

Read More…

Where the New Jobs Are: In Texas, not California.

October 27, 2010
The Wall Street Journal
The September state unemployment numbers came out last Friday, and we couldn't help noticing that three of the four states with the highest job losses were California (-63,500), New York (-37,600) and New Jersey (-20,200). The other was Massachusetts (-20,900). Texas, meanwhile, gained 4,000 jobs. This continues a longer term trend.Over the last year, as the economy was beginning to grow again, the Lone Star State has led the nation with the addition of nearly 153,000 jobs, while California surrendered 43,700, New Jersey lost 42,300 and New York dropped 14,600. This superior jobs recovery builds on the fact that Texas also weathered the national recession better than most states. According to a new Texas Public Policy Foundation study, Texas experienced a decline of 2.3% from its peak employment, while California fell nearly four times further, with 8.7% of jobs vanishing. These hiring statistics confirm that for business Texas is the new California—as the likes of Austin, Dallas and San Antonio have become destinations for investment and entrepreneurship. Texas has become a mecca for high tech, venture capital, aeronautics, health care and even industrial manufacturing like the building of cars and trucks. Meanwhile, the Golden State, New York and New Jersey have been slouching toward slow-growth European status. New Jersey is at least working to get its spending and taxes under control with Chris Christie as Governor, though its state and local tax burden remains the nation's highest and its business tax climate is the worst, according to the Tax Foundation. The migration of factories, capital and jobs to states like Texas is no accident. Texas is a right to work state, meaning that workers cannot be compelled to join a union. Texas also has no income tax, which gives its firms a roughly 10% cost advantage over a "progressive" state like California. There is also a lesson here for Washington. The job-free zones of California, New Jersey and New York each tax the rich more than nearly all other states. In these states the top 1% wealthiest taxpayers bear roughly 40% of the state income tax burden, but their budgets are still a mess and the job losses continue. If the next crop of Governors and the 112th Congress want faster growth and more job creation, they'll avoid the mistakes of California and New York and learn from Texas.

Read More…

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