Businesses Applaud Speaker Phelan and Chairman Hunter for Announcing Texas Jobs and Security Act
February 28, 2023
Austin, TX — Over 200 chambers of commerce, economic development councils, and business organizations applaud Speaker Dade Phelan (R-Beaumont) and Chairman Todd Hunter (R-Corpus Christi) for announcing the Texas Jobs and Security Act. This legislation will create a new, modern, and transparent economic development program to ensure Texas’ economic security, promote technological and manufacturing independence from foreign nations, and create new capital investments in our communities, giving our children greater opportunities and local schools additional resources.
Research shows that Texas voters overwhelmingly agree that limited, temporary property tax discounts make sense when exchanged for long term revenue and economic development.
“Texas counties have made it clear that economic development tools are critical for attracting large capital-intensive investments,” said Nueces County Judge Connie Scott. “We greatly appreciate Speaker Phelan and Chairman Hunter for working to ensure our toolboxes are fully stocked.”
Research also demonstrates that, when it comes to essential products, 84 percent of voters agree that we are too reliant on other nations.
“Texans are ready to see more manufacturing on U.S. soil. The Texas Jobs and Security Act helps attract manufacturers looking to make major investments in our communities, which ultimately brings jobs and the day-to-day goods we rely on – back to Texas,” said Mayor of Corpus Christi Paulette M. Guajardo.
“The Rio Grande Valley is a hub for international trade that plays a significant role in the state’s economic growth,” said Rio Grande Valley Partnership CEO Daniel Silva. “Economic development incentives have helped spotlight our region and have brought meaningful investments to our communities. We thank Speaker Dade Phelan and Chairman Hunter for equipping chambers and economic development councils with a new tax abatement tool.”
“Speaker Phelan’s announcement today and recent comments from Governor Abbott clearly demonstrate the importance of a transparent and accountable economic development program to keep Texas competitive. The Partnership works every day with companies looking to locate or expand in Texas, and we know how important innovative economic development tools are to closing deals and growing our economy. We commend the actions of the Speaker and look forward to working with state leaders, Representative Hunter, and the Legislature to keep Texas the best place to live, work and build a business,” said Greater Houston Partnership President & CEO Bob Harvey.