From the Governor
““From Toyota to Mitsubishi, leading manufacturing and tech companies have found a home in Texas because of our shared values and commitment to the free enterprise system. I look forward to strengthening these critical relationships and building a brighter future for all those who do business and call Texas home.” —Gov. Greg Abbott
Big Job for a Big State
The Lone Star State has ranked #1 in Chief Executive’s Best and Worst States for Business survey since its inception. Texas is noted for talented workforce, high quality of life in urban areas, and a relatively low cost of living. In recent years, there has been a trend of technology and manufacturing companies migrating here from other high-cost areas such as California. Foreign investment is also on the rise with more than 1,500 foreign owned companies operating in the state
Texas Enterprise Fund: The largest deal closing fund of its kind in the nation offers cash grants for projects that create at least 75 full-time jobs that meet or exceed the county average wages.
Skills Development Fund: Offers up to $1,800 per trainee to assist Texas public community and technical colleges to finance customized job training for local businesses.
Texas Enterprise Zone Program: Offers various state sales and use tax refunds ranging from $2,500 to $7,500 per job for state-approved projects in designated communities.
Texas Capital Fund Infrastructure Program: Offers from $50,000 to $750,000 towards public infrastructure upgrades needed to assist a business that commits to create and retain permanent jobs, primarily for low and moderate-income persons.
Texas Economic Development Council: texasedc.org
Greater Houston Partnership: houston.org
San Antonio Economic Development Foundation: sanantonioedf.com
City of Dallas Office of Economic Development: dallasecodev.org
Austin Chamber of Commerce Economic Development: austinchamber.com/economic-development
Highlighted Program or Initiative
MoveFWD, a Workforce Collaborative of Central Texas founded in 2018, helps residents in the region establish careers in thriving industries that provide benefits and job stability. The initiative aims to train disadvantaged workers in in CDL trucking, roadway construction and call center customer service. Training programs designed in coordination with employers help ensure participants meet needs for current jobs.
- Cognizant opened in August 2018 its Regional Technology and Service Delivery Center in Austin with 1,000 new jobs.
- Amazon announced in March 2019 it will create 800 tech jobs at its expanded tech hub in Austin..
- European networking provider Brodynt opened in its US headquarters in Austin in August 2019.
- Uber announced in August 2019 it will establish its U.S. General and Administrative Hub in Dallas with 3,000 new jobs and a $75 million investment.
- Realtor.com announced in August 2019 an expansion of its office in Austin and the creation of 200 jobs.
- McLaren North American announced in 2019 it will move its headquarters from New York City to Coppell.
- Navistar announced in September 2019 it will invest $250 million in a manufacturing facility and create 600 jobs in San Antonio. That same month, Toyota announced a $391 million expansion of its plant in the city, and Aisin AW announced a $400 million plant and 900 new jobs in Cibolo.
More than 50 Fortune 500 companies headquartered in state, including:
“Our new office will help us take advantage of every- thing this great city has to offer tech, talent and terrific downtown location as we continue to grow as a leading innovator in the real estate industry.” —Ben Rubenstein, CEO and Founder, Opcity
“In the last four years, we have created more than 1,000 jobs in Austin. With a strong pool of technical talent in Austin and a dynamic quality of life, we are excited to continue to expand and create more opportunity in this vibrant city.” —Terry Leeper, General Manager, Amazon’s Austin Tech Hub
“Our technology center in Plano is the latest milestone in our growing operations in Texas and is testament to the local talent pool and the robust support offered by the state to the technology center.” —Abidali Z. Neemuchwala, CEO and Executive Director, Wipro Limited