"In Texas, we partner with our businesses to ensure they thrive – and we will continue to do that this session."
– Governor Greg Abbott
Texas Insider Report: AUSTIN, Texas – Governor Greg Abbott touted Texas' strong partnerships with businesses and discussed his vision for the state's continued economic success at a luncheon hosted by the Austin Chamber of Commerce. With more than 160 local business and community leaders at the luncheon, the Governor detailed how Texas will continue partnering with businesses, like manufacturing giants in Austin, to maintain the state's surging economic development momentum.
"The 'Texas miracle' has brought companies like Tesla, Samsung, Oracle, and many more to Austin, and folks like you have ensured this city has become a driver of our state's success," said Governor Abbott.
"Texas is seeing an uptick in advanced manufacturing – and Austin is its hub. A new report shows that the SH-130 corridor just east of Austin has the lowest operating cost of any high-tech corridor in the entire country. That's why we are the number one state in the nation for semiconductors, home to Tesla's Gigafactory and Samsung's huge new chip plant, and Austin is a top 10 city for venture capital investment.
"In Texas, we partner with our businesses to ensure they thrive – and we will continue to do that this session," said Abbott.
During the luncheon, Governor Abbott discussed his robust economic development agenda that will spur further economic growth across the state. The Governor highlighted cutting property taxes, fortifying the state's power grid, bolstering infrastructure projects, and rolling back unnecessary regulations as key components in keeping Texas' economy a place where every Texan can succeed.
The Austin Chamber of Commerce helps create jobs in the community and facilitates a prosperous regional economy through advocacy, economic development, education, and international partnerships.