Governor Touts State's Ability to Attract Jobs
by: Pat Hernandez, October 2, 2012 12:10:00 pm
Governor Perry says after Houston lost out to Chicago as the new home to Boeing 10 years ago, it was time to create a climate for attracting business to the Lone Star state, beginning with the creation of the Texas Enterprise Fund in 2003.
"After that Boeing event, we came up with this idea to create a deal-closing fund, to help these companies create this many jobs over this period of time, then we'll partner up with them."
Not long after that, lawmakers created a tool to incubate business ideas with investment from the state, called the Emerging Technology Fund.
"We have funded 137 early-stage companies, of which those companies that become successful, the state of Texas will receive a return on their investment that we make in those companies."
He said it's no coincidence that about a thousand people a day move to Texas to work. The result, recognition from prestigious publications.
"Foreign Direct Investment magazine, awarded Texas their 2012 award for being the most successful state in the nation in attracting investment. Chief Executive magazine named Texas the country's best state for business, for the 8th consecutive year in a row. More importantly than good press though, Texas continues to be the epicenter for job creation."
Perry says last month alone, Texas added 38,000 jobs, more than any other state, and generated nearly 1.4 million jobs over the past 10 years, more than three times any other state.