PrintLeading the Texas Economy Forward
Even after taking Hurricane Ike’s best shot, the Texas economy is doing well in comparison to the rest of the country, thanks to a lot of hard work by Texas employers and a climate created by some tough choices Gov. Perry made about five years ago during another tough economic time.
Thanks to those measures, like low taxes, reasonable regulations and a sensible legal system, our state is better positioned to weather the worldwide economic storm than most U.S. states...but there is work to be done.
Gov. Perry is leading the charge for Texas and Texans to tighten their belts and to weather this rough patch even though Texas is….
- the leading job-producing state in the nation
- the top exporting state in the nation
- the number one place to start, expand or move a business
- home to more Fortune 500 companies than any other state.
Texas also has the lowest loan default rate of any large-population state, and an unemployment rate that is still well below the national average.
Gov. Perry has also encouraged state agencies to reduce any non-essential spending in the same way that tough times require Texas families to watch their spending.
No matter what storms may rage, be they weather or financial, Texas will remain strong because Texans are tightening their belts, sticking to the basics and working hard.
Governor Perry's Related Priority Initiatives
- Energy
- Industry Cluster Efforts
- Investing For Growth
- Tax and Regulatory Reform
- Trade Initiatives
- Transportation
Texas Bragging Points
Read what other are saying about the strength and climate of the Texas economy.
Read more...
Related News
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Dec 18, 2008 - Caterpillar Moving Primary Manufacturing Facility To Texas
AUSTIN – Gov. Rick Perry, Lt. Gov. David Dewhurst and Speaker Tom Craddick today announced that Caterpillar Inc., a Fortune 50 company, will move one of its primary global assembly, test & paint facilities to Texas, creating more than 1,400 jobs. The state will invest $10 million through the Texas Enterprise Fund (TEF) in the company as a deal-closing incentive for the consolidation and movement of its manufacturing and testing facilities to Seguin, which will generate $169.7 million in capital investment. The project is the second largest in terms of job creation and investment this biennium. Texas was in competition with South Carolina and Mexico for this facility. -
Dec 17, 2008 - Gov. Perry Meets with Industry and Labor Leaders to Assess Impact of National Economy on Texas
AUSTIN – Gov. Rick Perry today met with leaders of key trade associations and labor unions to hear first-hand how the current national economic situation is impacting Texas’ industries and workers. This is the fourth meeting Gov. Perry has held with industry and state leaders to discuss the future of the Texas economy. -
Dec 03, 2008 - Gov. Perry Meets with Industry Leaders to Assess Impact of National Economy on Texas
AUSTIN – Gov. Rick Perry today met with leaders of key trade associations to hear first-hand how the current national economic situation is impacting Texas industries. This is the third meeting Gov. Perry has held with key industry and state leaders to discuss the future of the Texas economy. -
Dec 02, 2008 - IN CASE YOU MISSED IT: WSJ - Governors Against State Bailouts
As governors and citizens, we've grown increasingly concerned over the past weeks as Washington has thrown bailout after bailout at the national economy with little to show for it. -
Nov 25, 2008 - Gov. Perry: Proposed EPA Rules Will Cripple Texas Economy
AUSTIN – Gov. Rick Perry today strongly urged the Environmental Protection Agency (EPA) against passing a proposed framework for regulating greenhouse gas emissions due to its devastating implications for Texas’ economy and energy industry. -
Nov 25, 2008 - Gov. Perry Accepts Recommendations from the Texas Advisory Panel on Federal Environmental Regulation
"The methods under consideration by the EPA will punish innovation, cost jobs and drive investment out of Texas and overseas. Make no mistake about it—China, India, and other countries will be more than happy to welcome businesses driven away by these costly regulations. They’ll happily take the jobs and the emissions with them, meaning the federal government will have accomplished nothing at irreparable cost to our economy." -
Nov 21, 2008 - IN CASE YOU MISSED IT: Business Facilities Magazine- The Lone Star State is Flexing its Muscles
Although the nation's economy has experienced a recent slowdown, the Texas economy continues to rev up. With the 12th largest economy in the world (if it were considered a nation), Texas now leads the U.S. in job creation, gross state product, low unemployment rate, and foreign direct investment. Part of the Lone Star State's success stems from proactive government policies and incentives, low taxes, reasonable regulations, solid infrastructure, and good quality of life. -
Nov 18, 2008 - Gov. Perry Announces Emerging Technology Fund Investments In DNATriX and Smart Imaging
AUSTIN – Gov. Rick Perry today announced the state will invest $500,000 and $230,000 respectively through the Texas Emerging Technology Fund (TETF) in DNATriX Inc. and Smart Imaging Technologies Co. of Houston for the commercialization of their innovative technologies.
