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Published on May 07, 2024
Gov. Abbott Proclaims Economic Development Week to Celebrate Texas' $2.4 Trillion EconomySource: Office of the Texas Governor

Mark your calendars, Texans, Governor Greg Abbott has dished out a proclamation that sets aside this week, May 6-10, as a homage to the moneymakers and shakers fueling the Lone Star State's robust economy. According to a statement on the governor's official website, these economic development squads dotting the Texas landscape, more than 700 strong, are owed a big 'thank you' for keeping the state's financial gears grinding in winning fashion.

Abbott, in his proclamation, wasn't shy about trumpeting the tag-team efforts that have turned Texas into a business magnet, "Economic development in Texas is a team sport that requires a collaborative effort from organizations across the state focused on attracting new businesses and new investments," the governor said, "as well as promoting and retaining business, right here in Texas." With this network spreading its roots in local soils, the economy of Texas sports a formidable $2.4 trillion price tag. It's not just about bragging rights, though, as this sprawling financial might has translated into real jobs – setting the record for total employment and the number of jobs in Texas.

Not to be outdone, the Governor’s Office of Economic Development and Tourism is on the front lines, tooting the horn of Texas as the top dog for business locations and a prime travel hotspot. Being hitched to a state that snagged the Best State for Business title for 20 uninterrupted years, not to mention hoarding the Governor's Cup for 12 years straight on the trot, these officials have their work cut out for them keeping Texas on top.

The state's economic scoreboard is filled with victories, and rightly so, Texans are proud of it. Gov. Abbott didn’t miss the chance to underscore the communal victory: "Today, there are more than 700 economic development organizations across our great state. Their efforts not only bolster our mighty economy," Abbott continued, "but also support our local economies and small businesses." It's about keeping that fierce Texan spirit alive and kicking, making sure the economic wheels keep turning for "generations to come" – a mission Texans from all corners can tip their Stetsons to.

Austin-Real Estate & Development