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It is estimated that the economic development tool has created over 63,000 jobs . In 2004, authorization was given for the fund to grant $20 million to Countrywide Financial in return for a promise "to create 7,500 new jobs in the state by 2010." The grant (all of which are approved by the Governor, the Lieutenant Governor and Speaker of the ...
The Texas Legislative Budget Board estimated the local school district revenue losses to be approximately $10 billion between 2023 and the year 2049. [45] In a March 20 House Ways and Means committee hearing, representatives of about 50 companies and 40 economic development groups testified or registered for the bill.
Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
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Citing census and Bureau of Economic Analysis data, the group said that in 2020 over 38,000 Texas companies exported goods and that 92% of those were small- and medium-sized businesses.
The Partnership is an economic development organization for the Greater Houston area. The Partnership works to make Houston greater by promoting economic development, foreign trade and investment, and by advocating for efficient and effective government that supports, rather than impedes, business growth.