Texans for Economic Development

11/16/2021

Pull up to the TMO's Nov 2021 Newsletter to learn updated info about applying for EIDL SBA loans, Grand Prairie's Make It To Main Street Battle of the Bands' application, & much more! Office of the Governor Texas sent this bulletin at 11/16/2021 04:29 PM CST Having trouble viewing this email? View i...

11/05/2021

As a result of legislative actions and an updated economic forecast, the Comptroller's office now expects revenue available for general spending in 2022-23 to total about $135.32 billion, up 15.1 percent from the 2020-21 biennium.

The Biennial Revenue Estimate, Texas Legacy Fund and other hot topics for the 87th Legislature

10/26/2021

Texas is blessed with our ports. "Hidalgo County ports of entry account for $33 billion in international trade, driven by just a handful of commodities like fresh produce. Texas A&M University’s Texas A&M Department of Agricultural Economics estimates fresh produce imports from Mexico will create $1.22 billion in economic activity and 11,200+ jobs in the state by 2025."

10/13/2021

Tesla's announcement that they are naming Austin as their headquarters has other states reeling again. "We have to get our house in order on the many challenges facing our state and its business climate,” said Jim Wunderman, CEO of the Bay Area Council.

For those following the Bay Area , 's decision to move its Palo Alto HQ to Texas will only fuel more companies to leave California, site selection consultants say

09/25/2021

"Texas has the highest retention rate of any state, with 82% of people born in Texas still living in the state."

Texas retains more of its residents than any other state because workers feel they have more opportunities here than anywhere else.

https://bit.ly/3o3BKzL

08/05/2021

Texas Comptroller Glenn Hegar announces the creation of the Broadband Development Office to offer incentives to internet service providers for expanding in underserved areas of the state.

"Easy, secure internet access is increasingly important in our society, and it was essential during the pandemic. So, I am grateful that lawmakers made the expansion of broadband access across Texas a priority through the creation of the Broadband Development Office at my agency," said Texas Comptroller Glenn Hegar.

Read more: https://bit.ly/3lpVkVo

07/30/2021

"Texas ranked first in workforce, third in access to capital and fifth in economy." How concerned are you with where the Texas economy is going?
https://bit.ly/2TIr8cJ

07/21/2021

Texas ranked 4th in CNBC rankings for Best States for Business. The lowest Texas has ever been ranked. What are your thoughts?

The Lone Star State’s workers are second to none, but the state is increasingly messing with their rights.

07/13/2021

Texas music venues are in need of assistance and the SBAs Shuttered Venue Operators Grant program may be a guide on how the state should roll out its own Texas Music Incubator Rebate Program scheduled for 2022.

A report released on June 28 by the Small Business Administration shows that out of all the businesses that have applied, 16% have been awarded grants. The SBA has only given out less than 5% of the $16 billion allocated to the fund. $91 million has been awarded to 102 Texas venues thus far.
https://www.sba.gov/sites/default/files/2021-06/SVOG%20Public%20Report%20-%20Midday%20June%2028%202021-508.pdf

07/01/2021

Learn about available state incentives in Texas from our President, Shane R. Saum, from a video he recorded for the Texas Realtors while working for Governor Abbott. https://bit.ly/3qvzosG

06/29/2021

"Given the tax structure in Texas and the intense competition for economic development, this measure is vital." Chapter 313 is essential to keeping Texas the most attractive state to do business in.

https://bit.ly/3dldnXV

06/29/2021

Competitive states like North Carolina are eager to see Texas lose one of it's biggest incentive programs and they are poised to improve NC business because of it. Texans for Economic Development is working to ensure that never happens.

A big tax abatement program to incentivize companies to expand or move to Texas is on its way out. And that's good news for North Carolina.