Global Economic Competitiveness
Top Texas business and civic leaders regularly testify before House and Senate committees on real-life experiences in bringing economic development to urban and rural communities across the state. Practitioners regularly emphasize the importance of state and local incentive programs and workforce/career education as central themes to keep Texas a global competitor.
Jeff Cheney, Mayor of Frisco, the fastest-growing city in the country, testified that their recent 25-year study shows that for every $1 they have invested in economic development programs, $22 in economic value has been returned, including nearly $5 in new tax revenue.
Greg Sims of the Greenville Economic Development Corporation, testified to the value of and need for property tax abatement authority, stating "Fifty percent of something is better than 100 percent of nothing."
TAM will once again strongly advocate this legislative session for state and local economic and workforce education incentive programs that grow jobs, train our future workforce, and keep Texas competitive. Priorities include: 1) adequate appropriations for the “Texas Enterprise Fund”; 2) renewing Chapter 312 and 313 tax abatement; 3) Workforce Skills Development funding; and 4) adequate appropriations for the “Jobs and Education for Texas” (JET funds) grant program.