Fort Worth Star-Telegram - January 18, 2010
ECONOMIST SAYS TEXAS WILL BE 1ST STATE TO RECOVER
Texas will be "last in, first out" among states battling the recession, although a recovery that has already started will require patience, a leading economist says.
The Lone Star State proved resilient because of advantages such as weather, stable home prices and a political climate favorable for companies seeking new places to do business, said Ray Perryman, head of the Perryman Group and a longtime Texas economist. Still, Perryman said Texas has seen its share of difficulty since the state got caught up in the national economic downturn in the summer of 2008. Job losses mounted last year, and the outlook remains bleak for commercial real estate.
http://www.star-telegram.com/texas/story/1900487.html
We should mention it is also due to tort reform, a rational business regulatory climate and relatively low taxes...go to www.GoodNewsInTexas to read more.
Showing posts with label good news in Texas. Show all posts
Showing posts with label good news in Texas. Show all posts
Tuesday, January 19, 2010
Wednesday, January 13, 2010
Texas #1 in relocation - AGAIN
Texas is #1 AGAIN…
Texas may be well known for its tasty barbeque, rowdy cowboys and friendly nature, but it also boasts a solid employment base, low tax rates and some of the nation’s most affordable housing. And in these challenging economic times, those qualities can look particularly attractive to families and businesses looking to move to a place where they can plant some roots. So it’s no surprise that more people chose to relocate to Texas in 2008 than any other state, according to Allied Van Lines’ 41st Annual Magnet States Report released this month.
This is the third year in a row that Texas has topped the list for relocation in the US. And it’s no wonder. Texas leaders have worked hard to keep Texas citizen-centered, and to make sure that we keep more of our hard-earned money in our pockets.
It’s thanks to folks like Americans For Prosperity members who support policies which keep state government from taxing, spending and regulating us too much. And thanks to the Texas leaders who promote good fiscal policies.
Washington, D.C., and the rest of the states would do well to follow Texas’ strong lead.
Read about it here: http://www.allied.com/news.nr-allied-magnet-states-2009-1-13-09.aspx
Texas may be well known for its tasty barbeque, rowdy cowboys and friendly nature, but it also boasts a solid employment base, low tax rates and some of the nation’s most affordable housing. And in these challenging economic times, those qualities can look particularly attractive to families and businesses looking to move to a place where they can plant some roots. So it’s no surprise that more people chose to relocate to Texas in 2008 than any other state, according to Allied Van Lines’ 41st Annual Magnet States Report released this month.
This is the third year in a row that Texas has topped the list for relocation in the US. And it’s no wonder. Texas leaders have worked hard to keep Texas citizen-centered, and to make sure that we keep more of our hard-earned money in our pockets.
It’s thanks to folks like Americans For Prosperity members who support policies which keep state government from taxing, spending and regulating us too much. And thanks to the Texas leaders who promote good fiscal policies.
Washington, D.C., and the rest of the states would do well to follow Texas’ strong lead.
Read about it here: http://www.allied.com/news.nr-allied-magnet-states-2009-1-13-09.aspx
Friday, October 30, 2009
Texas is on top, according to Trend Magazine
Texas is on top: thanks to leadership.
America's Future: California vs. Texas is a head-to-head, state battle we are winning and winning big. In an article, published in the October 2009 issue of Trends Magazine, Texas gets many kudos. It’s not without good leadership that we are in the enviable position of the top state in the country to do business, the top exporting state, the number one state for business relocation, and the fastest-growing state.
It doesn’t happen by accident. While we fiscal conservatives often get frustrated trying to get fiscally responsible legislation passed, we need to pat ourselves on the back – Texas isn’t California and we are in much better shape than the country is in. We need to take a minute and thank our leadership for their good work.
Here is Trend Magazine’s take on it:
What’s the worst state to do business in? According to readers of Chief Executive, it’s California. In the same poll, Texas won first place as the best state in which to put your headquarters.
As reported in The Economist, the two largest states in the nation have very different philosophies and very different success rates.
In the 1950s and ‘60s, California was the embodiment of the American Dream, offering great schools, roads, jobs, and communities with all the latest amenities, not to mention good weather, beaches, and quick access to the mountains and wilderness for recreation. As home to Disneyland and the movie industry, the state represented all that was glamorous and new.
Cut to the present day. California is $26 billion in the hole and has recently been paying its bills with IOUs. Its once-proud schools are suffering, and the prison system is releasing criminals early because the state can’t afford to keep them. Social services are being cut right and left. Infrastructure is aging and falling apart. Unemployment is nearing 12 percent. State employees are forced to take unpaid furlough days, and many California cities are worse off than Detroit. Its state income tax is the second highest in the U.S., and government regulations seem perversely aligned to discourage people from doing business there.
In fact, people are fleeing the so-called Golden State at a rate of more than 100,000 a year. From the Great Depression on, California was a dream destination for Americans. Now it looks more like a nightmare, taking on new debt at a rate of $25 million a day.
Texas, on the other hand, was considered something of a backwater in the 1950s and ‘60s, and certainly not a glamorous destination for the upwardly mobile masses. How things change. Unemployment in that state is two percentage points below the national average. It has one of the lowest rates of repossession for housing. There is no state income tax, nor is there a tax on capital gains in Texas.
Also, the Lone Star State has more Fortune 500 headquarters than any other place in the union: California has 51, New York has 56, and Texas has 64.
Texas, on the other hand, was considered something of a backwater in the 1950s and ‘60s, and certainly not a glamorous destination for the upwardly mobile masses. How things change. Unemployment in that state is two percentage points below the national average. It has one of the lowest rates of repossession for housing. There is no state income tax, nor is there a tax on capital gains in Texas.
Also, the Lone Star State has more Fortune 500 headquarters than any other place in the union: California has 51, New York has 56, and Texas has 64.
http://www.trends-magazine.com/trend.php/Trend/2047/Category/55
Gov. Rick Perry and the Texas leaders should be commended for helping keep Texas on top.
America's Future: California vs. Texas is a head-to-head, state battle we are winning and winning big. In an article, published in the October 2009 issue of Trends Magazine, Texas gets many kudos. It’s not without good leadership that we are in the enviable position of the top state in the country to do business, the top exporting state, the number one state for business relocation, and the fastest-growing state.
It doesn’t happen by accident. While we fiscal conservatives often get frustrated trying to get fiscally responsible legislation passed, we need to pat ourselves on the back – Texas isn’t California and we are in much better shape than the country is in. We need to take a minute and thank our leadership for their good work.
Here is Trend Magazine’s take on it:
What’s the worst state to do business in? According to readers of Chief Executive, it’s California. In the same poll, Texas won first place as the best state in which to put your headquarters.
As reported in The Economist, the two largest states in the nation have very different philosophies and very different success rates.
In the 1950s and ‘60s, California was the embodiment of the American Dream, offering great schools, roads, jobs, and communities with all the latest amenities, not to mention good weather, beaches, and quick access to the mountains and wilderness for recreation. As home to Disneyland and the movie industry, the state represented all that was glamorous and new.
Cut to the present day. California is $26 billion in the hole and has recently been paying its bills with IOUs. Its once-proud schools are suffering, and the prison system is releasing criminals early because the state can’t afford to keep them. Social services are being cut right and left. Infrastructure is aging and falling apart. Unemployment is nearing 12 percent. State employees are forced to take unpaid furlough days, and many California cities are worse off than Detroit. Its state income tax is the second highest in the U.S., and government regulations seem perversely aligned to discourage people from doing business there.
In fact, people are fleeing the so-called Golden State at a rate of more than 100,000 a year. From the Great Depression on, California was a dream destination for Americans. Now it looks more like a nightmare, taking on new debt at a rate of $25 million a day.
Texas, on the other hand, was considered something of a backwater in the 1950s and ‘60s, and certainly not a glamorous destination for the upwardly mobile masses. How things change. Unemployment in that state is two percentage points below the national average. It has one of the lowest rates of repossession for housing. There is no state income tax, nor is there a tax on capital gains in Texas.
Also, the Lone Star State has more Fortune 500 headquarters than any other place in the union: California has 51, New York has 56, and Texas has 64.
Texas, on the other hand, was considered something of a backwater in the 1950s and ‘60s, and certainly not a glamorous destination for the upwardly mobile masses. How things change. Unemployment in that state is two percentage points below the national average. It has one of the lowest rates of repossession for housing. There is no state income tax, nor is there a tax on capital gains in Texas.
Also, the Lone Star State has more Fortune 500 headquarters than any other place in the union: California has 51, New York has 56, and Texas has 64.
http://www.trends-magazine.com/trend.php/Trend/2047/Category/55
Gov. Rick Perry and the Texas leaders should be commended for helping keep Texas on top.
Tuesday, October 28, 2008
Comptroller Combs touts Texas economy at event honoring Austin-area women
I had the great honor of being recognized among the “Texas Women Movers and Shakers” in Travis County last week.
I was humbled to be among some outstanding women who were recognized at a luncheon hosted by Rosemary Edwards and co-chaired by Katherine Armstrong and Polly Sowell.
Those recognized were Tina Benkiser, Deirdre Delisi, The Hon. Melissa Goodwin, Donna Keel, Teresa Spears, Pam Waggoner and Kathleen Hartnett White...and me.
Texas women are involved in every aspect of public policy and politics in Austin and around the state (and the nation).
Texas First Lady Anita Perry spoke as did Texas Comptroller Susan Combs.
Comptroller Combs provided some uplifting news about the Texas economy which reflects the policy decisions made in Austin.
Texas continues to fare better economically than most other states. With our mix of industries and avoidance of the housing price bubble, Texas should have more resistance to – but not immunity from – recessionary conditions.
• In fiscal 2008, Texas’ gross state product grew by 4.1 percent, versus 1.5 percent for the national economy.
• In the 12 months ending in September 2008, Texas gained almost 248,000 jobs, more than the next 14 top job-growth states combined.
• Over last 12 months, Texas accounts for 54 percent of entire job gains for all states.
• In the past five years, Texas added 1.3 million new jobs to our economy.
• Texas sales tax receipts for September 2008 increased 3.7 percent from the same month the year before.
• Consumer confidence across the nation is weak, as reflected in the lowest consumer confidence index numbers since 1992. Texas’ numbers remain fairly strong, however. In September, the U.S. index stood at 59.8 (with 1985 = 100). The Rust Belt region was 45. Texas’ regional index was 88.5 — the highest of any region in the nation.
Fiscal 2008 was strong for Texas, and although the Texas economy is still expanding, its rate of expansion is slowing. But Texas’ economy is in good shape relative to other states and the rest of the country.
It's thanks to Texas leaders, the women and the women behind the policies that Texas is doing so well relative to other states and the nation.
For more information, go to: http://www.texasahead.org/economy/outlook.html or www.GoodNewsInTexas.com.
-- Peggy Venable
I was humbled to be among some outstanding women who were recognized at a luncheon hosted by Rosemary Edwards and co-chaired by Katherine Armstrong and Polly Sowell.
Those recognized were Tina Benkiser, Deirdre Delisi, The Hon. Melissa Goodwin, Donna Keel, Teresa Spears, Pam Waggoner and Kathleen Hartnett White...and me.
Texas women are involved in every aspect of public policy and politics in Austin and around the state (and the nation).
Texas First Lady Anita Perry spoke as did Texas Comptroller Susan Combs.
Comptroller Combs provided some uplifting news about the Texas economy which reflects the policy decisions made in Austin.
Texas continues to fare better economically than most other states. With our mix of industries and avoidance of the housing price bubble, Texas should have more resistance to – but not immunity from – recessionary conditions.
• In fiscal 2008, Texas’ gross state product grew by 4.1 percent, versus 1.5 percent for the national economy.
• In the 12 months ending in September 2008, Texas gained almost 248,000 jobs, more than the next 14 top job-growth states combined.
• Over last 12 months, Texas accounts for 54 percent of entire job gains for all states.
• In the past five years, Texas added 1.3 million new jobs to our economy.
• Texas sales tax receipts for September 2008 increased 3.7 percent from the same month the year before.
• Consumer confidence across the nation is weak, as reflected in the lowest consumer confidence index numbers since 1992. Texas’ numbers remain fairly strong, however. In September, the U.S. index stood at 59.8 (with 1985 = 100). The Rust Belt region was 45. Texas’ regional index was 88.5 — the highest of any region in the nation.
Fiscal 2008 was strong for Texas, and although the Texas economy is still expanding, its rate of expansion is slowing. But Texas’ economy is in good shape relative to other states and the rest of the country.
It's thanks to Texas leaders, the women and the women behind the policies that Texas is doing so well relative to other states and the nation.
For more information, go to: http://www.texasahead.org/economy/outlook.html or www.GoodNewsInTexas.com.
-- Peggy Venable
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