New GlobiTech semiconductor facility to add 1,500 new jobs in Sherman,...
AUSTIN — GlobiTech, Inc., a semiconductor manufacturing company and subsidiary of Taiwan-based GlobalWafers, will open a new facility in Sherman, Texas, creating 1,500 new jobs and generating billions in capital investment, Gov. Greg Abbott announced today. GlobiTech will produce advanced…
Read MoreTexas wins 10th annual Gold Shovel for 2021 high-value projects
Texas celebrates a decade of dominance in attracting the most high-value economic development projects for states of more than 12 million residents with its win of a 10th Gold Shovel Award, Area Development magazine has announced. Area Development recognized Samsung’s $17…
Read MoreTexas adds record-breaking 74,200 new jobs in May 2022
AUSTIN — Texas added 74,200 total nonagricultural jobs in May 2022 — more than any other state in the nation — according to the Office of Texas Gov. Greg Abbott and data released Friday by the Texas Workforce Commission (TWC). Texas has…
Read MoreRuiz Foods to open regional HQ in Frisco, TX
AUSTIN, TEXAS — California-based Ruiz Foods, the nation’s largest manufacturer of frozen Mexican foods, is establishing a regional headquarters in Frisco, contributing an estimated 125 jobs to the area by 2026, Gov. Greg Abbott announced May 12. “Texas is the…
Read MoreEconomic 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…
Read MoreTexas’s export trade up 49% in March 2022
AUSTIN — Texas reported a more than 49% increase in export trade in March 2022 over the same month last year and exceeded the year-to-date 2021 trend by more than 40% — according to data from the Bureau of Economic…
Read MoreCacique CEO: Amarillo is a ‘must-see’ for CEOs, site selec...
AMARILLO, TEXAS — Cacique Foods is building a new facility for producing its Hispanic food products in Amarillo — after touring 16 other potential sites across the nation — because of the city’s unbeatable combination of advantages. De Cardenas joined Kevin…
Read MoreTexas ranked #1 Best State for Business for the 18th consecutive time
Perennial CEO favorite Texas topped Chief Executive’s Best State for Business list in 2022 for the 18th consecutive time. “This important milestone is a testament to Texas’s strong and enduring reputation among the nation’s business leaders,” said Robert Allen, president and CEO…
Read MoreTexas adds 30,100 jobs in March, unemployment rate declines to 4.4%
AUSTIN, Texas — In March, Texas set a new employment record for the fifth consecutive month, adding 30,100 nonagricultural jobs, according to the Texas Workforce Commission. Nonfarm jobs reached 13,207,600 in March 2022 with a total of 731,600 positions created…
Read MoreTexas economic development leaders meet with Chicago CEOs, site select...
Texas economic development leaders are in Chicago this week to meet with businesses and site section consultants eager to discuss the advantages of doing business in the Lone Star State. “Chicago is a national epicenter for corporate site selection consultants…
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