Economic Advancement

Governor Abbott speaks at a podium with a slide presentation behind him

Every Texan should have greater opportunity for economic advancement. With our low costs of living and high quality of life, Texas remains the best place to raise a family and build a business. But that promise is in peril.

Priorities

Enterprise Fund

We are further diversifying our economy and competing for the jobs Texans deserve. We are funding the Enterprise Fund to add jobs and grow our economy.

Franchise Tax Reduction

The best way to grow jobs is by cutting taxes and regulations on businesses. We must continue to cut the business franchise tax.

Property Tax Reduction

No government should be able to tax people out of their homes. We need property tax reform that prevents cities from raising taxes without voter approval. We need serious property tax reform with a real revenue cap.

Hail Litigation Abuse

We are reducing the economic havoc of hail storm litigation, the newest form of lawsuit abuse.

Budget

Just as families deal with tight budgets by balancing needs and wants, so too is the state of Texas.

Related News

Dec 12

Governor Abbott Delivers Remarks At The Opportunity Austin Investor’s Lunch

Governor Greg Abbott today delivered remarks to business leaders and investors at the Opportunity Austin Investor's Lunch.

Dec 10

Governor Abbott Participates In Fireside Chat At The U.S. Chamber’s Association Committee Of 100 Meeting

Governor Greg Abbott today participated in a Fireside Chat at the U.S. Chamber of Commerce Committee of 100 Meeting (C100) in Austin. The Governor and CCC100 Chairman Matt Shay discussed the importance of workforce development and the strategies behind Texas’ continued economic success.

Nov 16

Governor Abbott Statement On New Record-Low Texas Unemployment

Governor Greg Abbott today released a statement as Texas achieves a new record-low unemployment rate of 3.7 percent, the lowest level since the state unemployment data series began in January 1976, with 32,300 new jobs added in October and the largest over-the-year gain in the nation of 384,800 jobs.

Nov 14

Governor Abbott Announces East Penn Manufacturing Expansion In Temple

Governor Greg Abbott today announced that East Penn Manufacturing Co. will be expanding its presence in Temple, Texas to grow its finishing distribution center operations.

Nov 13

Governor Greg Abbott Attends Laredo Chamber Of Commerce Annual Gala

Governor Greg Abbott today joined local community and business leaders at the Laredo Chamber of Commerce annual 2018 gala in celebration of the community's economic growth and success over the past year.

Nov 13

Governor Abbott Announces New Infosys Limited Expansion In Richardson

Governor Greg Abbott today announced that Infosys Limited will be expanding its presence in Richardson, Texas bringing 500 new jobs and $12.3 million in capital investment to the area.

Oct 12

Governor Abbott Receives Texas Military Value Task Force Strategic Report

The Texas Military Preparedness Commission today released its Texas Military Value Task Force Strategic Report, summarizing findings from visits to all Texas military installations and meetings with military installation commanders, staff and local community leaders.

Oct 9

Governor Abbott Attends 2018 Beaumont Chamber Of Commerce Annual Meeting And Spindletop Award Ceremony

Governor Greg Abbott today joined the Beaumont Chamber of Commerce for their 2018 annual celebration of the community’s economic growth and success over the past year.

Sep 27

Governor Abbott Announces New Sterling Lumber Company Facility In Lufkin

Governor Greg Abbott today announced that Sterling Lumber Company, LLC., will be opening a new TerraLam® Cross-Laminated Timber mat manufacturing facility in Lufkin.

Sep 24

Governor Abbott Announces $2 Million Grant To Austin Community College District In Support Of Army Futures Command

Governor Greg Abbott today announced a $2 million grant from the Texas Military Preparedness Commission’s (TMPC) Defense Economic Adjustment Assistance Grant (DEAAG) program to the Austin Community College District in partnership with The University of Texas and the U.S. Army.

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