May 9, 2022

Economic Development Week honors state, regional and local EDOs

AUSTIN, TEXAS ─ Gov. Greg Abbott today recognized the critical role local, regional, and statewide economic development teams play in job creation, business expansion, and business retention in communities throughout Texas as he issued a proclamation designating May 9–13 as 2022 Economic Development Week in Texas.

“The Texas economy is the economic engine of America, and we take pride in our diverse, highly skilled workforce and the endless business opportunities that exist right here in the Lone Star State,” Abbott said. “These economic achievements would not be possible without the many economic development organizations across the state that are committed to creating jobs, spurring innovation, and investing in our great communities. Our state and our economy continue to reach new heights thanks to your efforts. It is clear that the Lone Star State is the best state for business, and by working together, we will continue to keep Texas the best state to live, to work, and to raise a family.”

The Texas Economic Development Corporation (TxEDC), which is tasked with marketing and promoting Texas as a premier business location, works closely with local and regional economic development teams.

“We know from our longstanding partnerships with these organizations that they play a vital role in the amazing economic growth Texas has been seeing for more than a decade,” said Robert Allen, president and CEO of TxEDC, based in Austin. “Economic development is a team sport, and these teams are doing an exceptional job in welcoming and supporting businesses who want to do business in Texas.”

TxEDC is the privately funded partner of the Governor’s Office of Economic Development and Tourism, which also works closely with regional and community partners to ensure Texas remains the top state for business in the nation.

Under Abbott’s leadership, Texas attracted more capital investments, new jobs, and corporate headquarter relocations last year than ever before in the state’s history. As a result, Texas continues to set new records for total employment and jobs. And thanks to dedicated economic development professionals and organizations in every region of the state, Texas has remained the Best State for Business for a record 18 years in a row and received the Governor’s Cup for the most job-creating corporate relocation and expansion projects the past 10 consecutive years.