Texas Chamber Business News

Governor Abbott’s “Bigger, Better Texas” Economic Development Strategic Plan

Texas won its 13th consecutive Governor’s Cup from Site Selection magazine last week. The state saw more than 1,300 new business expansion and relocation projects last year, surpassing every other U.S. state. Also last week, Governor Abbott introduced his bold 'Bigger, Better Texas' economic plan, a blueprint to continue the state’s economic success. 

As he announced the plan, Governor Abbott described his vision for the future of the state’s business climate, declaring:

“Texas is still the big, new frontier, a place where opportunity is abundant, where free enterprise flourishes, and where dreams, and families, and jobs grow… Our past is but prologue; the greatest chapters have yet to be written. And the Lone Star State is brimming with promise!”

Adriana Cruz, Executive Director of the Texas Economic Development & Tourism Office, emphasized that growing the state’s economy depends on coordinated efforts:

“Economic development is a team sport. That’s exactly why we have developed this statewide economic development strategic plan with the broader economic development ecosystem in mind. I invite you to join us in our mission to further cement Texas’ position as a global economic powerhouse and ensure our state remains the very best place to live, work, and visit.”

The plan seeks to accomplish several objectives, including:

  • Formulate a cohesive vision for the future of Texas’ economy; 

  • Identify established and emerging industries that are projected to drive economic growth and job creation;

  • Detail objectives and initiatives that will help businesses and regions thrive; 

  • Promote the global competitiveness of Texas; and

  • Provide tools and resources to support local economic developers in meeting their unique regional needs.

To read the full ‘Bigger, Better Texas’ Economic Development Strategic Plan, click here. 

We hope you enjoyed today’s read!

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