Texas has cultivated a business climate second to none, earning honors from national news outlets like Forbes and MSNBC for economic strength and business-friendly policies. More importantly, Texas has been consistently attracting employers seeking a better place to start or expand their businesses.
The Lone Star State's combination of low taxes, reasonable and predictable regulatory structure and fair court system provides a stable base upon which to build the Texas economy, while the state's diverse and hard-working workforce is prepared to meet any need an employer can present.
At Gov. Perry's urging, the Legislature has established and consistently funded two additional tools to attract and create Texas jobs - the Texas Enterprise Fund (TEF) and Emerging Technology Fund (ETF). The TEF functions as a "deal closing" fund, enabling Texas to compete directly with incentives offered elsewhere in the country, its investments tied directly to job creation. Meanwhile, the ETF helps early-stage tech companies grow their ideas from the laboratory into the marketplace, in the process helping keep Texas at the forefront of new technologies.
» Gov. Perry signed legislation for Lawsuit Reform, with components of Loser Pays (HB 274), which strengthens the jobs-friendly climate here in Texas.
» Texas continues to buck the national unemployment trend, by adding 262,000 jobs from June 2009 to 2011. (USA Today)
» Texas moved past New York over the past decade to become the nation's second-largest economy. (USA Today - June 2011)
» Texas dominate’s Kiplinger’s Cities with the Lowest Cost of Living list in 2011. (Kiplinger)
» The Lone Star Jobs Surge: The Texas model added 37% of all net U.S. jobs since the recovery began. (Wall Street Journal - June 2011)
News & Announcements
Tuesday, December 10, 2013 Austin, Texas Press Release
Gov. Perry Announces TETF Investment in Innovative Spinal Disorder Treatment
Gov. Rick Perry has announced the Texas Emerging Technology Fund (TETF) is investing $1.75 million in Minimus Spine Inc. to support its non-surgical lumbar disc herniation technology. The company is working with Texas A&M University to develop and commercialize this technology.
Monday, December 02, 2013 Katy, Texas Press Release
Gov. Perry Announces GEICO Expansion, Creating 1,000 Jobs in Katy
Monday, December 02, 2013 College Station, Texas Press Release
Gov. Perry Presents Cognizant STEM Grant to Texas A&M
Friday, November 22, 2013 Austin, Texas Press Release
In Case You Missed It: TETF Company Launches Successful IPO
Texas Emerging Technology Fund (TETF) awardee Ideal Power today launched a successful initial public offering (IPO) on the NASDAQ capital market, raising over $15 million from its IPO. Ideal Power is the first TETF company to launch an IPO.
Thursday, November 21, 2013 Austin, Texas Press Release
Gov. Perry Announces TEF Investment in Natgasoline Creating 240 Jobs
Gov. Rick Perry today announced Natgasoline LLC is expanding its Beaumont operations, creating 240 jobs and a projected capital investment of more than $1 billion. The state is providing $2.1 million through the Texas Enterprise Fund (TEF) to close the deal on this expansion and job creation.