Office of the Governor Rick Perry

Governor's Initiatives - Economic Development

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.

Action Items

»  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

  • Thursday, December 18, 2014 • College Station, Texas • Press Release
    Gov. Perry Helps Announce Acquisition of Texas Biotech Firm
    Gov. Rick Perry today helped announce the acquisition of Kalon Biotherapeutics LLC by FUJIFILM Diosynth Biotechnologies U.S.A. Inc., a subsidiary of FUJIFILM Corp. Kalon, a biopharmaceutical contract manufacturing organization owned by the State of Texas and the Texas A&M University System, is an important part of the growing biotechnology industry in Texas.
  • Tuesday, October 28, 2014 • Austin, Texas • Press Release
    Gov. Perry Announces TEF Investment Bringing More Than 200 Jobs to Seguin
    Gov. Rick Perry today announced the state is investing $800,000 from the Texas Enterprise Fund (TEF) in Siro Group USA to close the deal on a manufacturing facility in Seguin that will create more than 200 jobs and pump $58.5 million in capital investment into the local economy.
  • Monday, October 27, 2014 • Plano, Texas • Press Release
    Gov. Perry Welcomes Toyota Headquarters to North Texas
    Gov. Rick Perry today welcomed Toyota's new North American headquarters to Plano. Once completed, the facility will bring nearly 4,000 jobs and more than $300 million in capital investment to North Texas.
  • Monday, October 13, 2014 • Austin, Texas • Press Release
    Gov. Perry Leads Economic Development Delegation in Europe
    Gov. Rick Perry will be in Europe this week for an economic development trip that will take him to England, Germany, Poland and Ukraine. The governor will start the week in London with a speech on Tuesday at the Royal United Services Institute. In addition to holding business meetings in each country, the governor will explore opportunities to expand the export of liquefied natural gas from Texas to Poland and Ukraine.
  • Monday, September 22, 2014 • Cameron County, Texas • Press Release
    Gov. Perry Helps Break Ground on SpaceX Commercial Launch Facility
    Gov. Rick Perry today helped break ground on the SpaceX Commercial Launch Facility located near Boca Chica Beach, which will launch commercial satellites into orbit.