Gov. Greg Abbott: Corpus Christi Helps Texas Rank No. 1 for Business by CNBC
Friday, July 13, 2018
The future looks bright in our coastal communities. While businesses are still recovering from Hurricane Harvey, tourists are returning, retail sales are trending up and real estate sales are rebounding. A recent survey shows that business conditions are improving and business leaders are optimistic.
Thanks to hardworking Texans in Corpus Christi and the Coastal Bend region and beyond, we are seeing good news about jobs and economic growth in communities all across the Lone Star State.
It’s no surprise then that Texas was just named America’s Top State for Business by CNBC.
Overall, the Texas economy is the fastest growing in the nation. More Texans are working than ever before as the Lone Star State leads in private-sector job creation — over the month, over the year and over the past 10 years. And jobs in Texas are now on pace for the strongest growth in four years.
This is not accidental.
Over the past four years in my first term as governor of this great state, we've spurred the Texas economy by cutting taxes and regulations, by investing in our roads and infrastructure, and by focusing on developing a world-class workforce.
Texas is also growing faster than the nation. More than half of our population growth is from newly born Texans. And Texas is by far the “stickiest” state: More than 8 in 10 of those born in Texas stay in Texas.
Freedom is a magnet.
Innovation and self-reliance are deeply rooted in the Lone Star State, and when freed from the stranglehold of over taxation and overregulation, new ideas flourish.
By limiting senseless government restrictions, the opportunity to succeed in business is as limitless as the land itself.
But more than the bounty of land, our greatest natural resource in Texas is our growing, skilled and productive workforce.
It’s why Texas is the top exporting state, the top tech exporting state and the top state for jobs created by foreign and domestic investment.
In fact, when you combine all goods and services produced by the people and businesses in the Lone Star State, Texas has an annual GDP of $1.7 trillion, making our economy the 10th largest among the nations of the world.
But there’s more to the story. When given the freedom to aspire, Texans risk their own capital and invest in themselves and others by opening businesses large and small.
And success is contagious.
New business formation in Texas is at a five-year high. Startups are growing here right alongside Fortune 500 companies and more than 2.6 million small businesses as well as some of the biggest brands in the nation and the world.
To keep businesses and jobs growing in Corpus Christi and all areas of the state, I will continue to implement a blueprint for a new era of economic expansion.
We will focus on reforming taxes, removing regulatory barriers, encouraging participation in the sharing economy, investing in our education system and securing Texans’ freedom to aspire.
Because liberty is the root of prosperity, and the future is bright in the Coastal Bend.