More Prosperous Texas

The Texas economy is booming thanks to Governor Abbott’s conservative, business-friendly agenda. Generations of Texans have been driven by freedom, opportunity, and innovation, and the Governor is working to ensure future Texans are given the opportunity to carry our state to new heights.

Texas offers unparalleled economic freedom and opportunity, including:

  • No state income tax
  • A stable, predictable regulatory environment
  • A skilled, young, diverse, and growing workforce

Under Governor Abbott’s steadfast leadership, Texas is shattering record after record as the best place to live, work, and raise a family:

  • Added more than 2 million jobs under Governor Abbott
  • More Texans are working now than ever before
  • Awarded the Governor’s Cup for a record-breaking 11 years in a row and 19 wins overall
  • Named Best State for Business for a historic 19 years in a row by America’s CEOs
  • #1 for Fortune 500 company headquarters
  • #1 state for jobs created by Black business owners, Black women business owners, Hispanic women business owners, and veteran women business owners
  • Named the state with Best Business Climate in the Nation

Governor Abbott worked with the Texas Legislature during the 88th Legislative Session to improve Texas’ already world-class business climate to ensure the Texas economy continues to grow and lead. The Governor signed new laws to help keep Texas the best state for business, including:

  • Establishing new specialized courts to address business issues
  • Enacting protections for businesses against burdensome, patchwork regulations
  • Expanding economic development incentives to spur job creation and attract even more investments in Texas

Cutting Property Taxes

Governor Abbott has worked with the Texas legislature to provide meaningful, lasting property tax cuts for Texans burdened by rising property tax bills. Since taking office in 2015, Governor Abbott has signed significant property tax reforms, including:

  • Providing over $18 billion for property tax relief
  • Laying the groundwork for lowering school district property taxes
  • Stopping cities, counties, and special districts from raising taxes without voter approval
  • Increasing transparency to make property tax information more available and accessible to all Texans
  • Giving Texans the opportunity to approve an increase to the homestead and Business Personal Property Tax exemptions

Governor Abbott made cutting property taxes an emergency item during the 88th Legislature. Working together with the Texas Legislature to deliver the largest property tax cut in Texas history, the Governor signed into law a historic $18 billion in property tax cuts from Texas’ budget surplus to put money back into the pockets of hardworking Texans.

Bolstering Texas' Infrastructure

More people and businesses are moving to Texas every single day, and our growing population means increased demand will be placed on our critical infrastructure.

Governor Abbott has bolstered key components of Texas’ infrastructure to ensure we are ready to meet growing demand for generations to come. After making grid reform and broadband expansion emergency items for lawmakers to address during the 87th Legislative Session in 2021, Governor Abbott has prioritized infrastructure development, including:

Governor Abbott has been recognized for his dedication to expanding broadband access for Texans across the state with the Broadband Champion Award and the Broadband Trailblazer Award.

Governor Abbott signed important laws from the 88th Legislative Session to continue Texas’ historic investments in infrastructure, including:

  • Strengthening and securing the Texas power grid for generations to come
  • Extending critical highway funding to keep Texas moving at the speed of business
  • Creating a new $1 billion fund to expand access to safe, clean water for all Texans
  • Providing a historic $1.5 billion in funding to improve broadband access and close the digital divide across Texas

Related News

Feb 11

Governor Abbott Holds Roundtable In Dallas On Fostering Small Businesses

Governor Abbott Holds Roundtable In Dallas On Fostering Small Businesses

More news