Important announcements, resources, events & recent news.



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The Governor's Texas Business Bulletin, Economic Development and Tourism

Dear Texas Economic Development Stakeholders,

As we start to close out another successful year, filled with growth and prosperity for Texas, I'd like to take a moment to thank all of our economic development partners across the Lone Star State. From our state agency partners to local and regional community partners, each organization has played a vital role in Texas' record-breaking achievements in 2022. Strengthened by our growing collaborations in economic and workforce development, Texas is well positioned to remain the economic engine of the nation and the best state for business!

As we enter December, we also start *National Write a Business Plan Month!* A business plan is the first and most important step of starting a new business and there's no better time to start your entrepreneurial journey in Texas. Visit our new webpage [ [link removed] ] for resources to get started and enter into the new year with a new endeavor!   

In the December Texas Business Bulletin, you will find a 2022 year in review, an economic snapshot, recent project announcements, upcoming events and webinars, plus much more!

As always, please be sure to visit our website [ [link removed] ], follow us on social media or reach out to a member of our team [ [link removed] ] if we can be of any assistance.

On behalf of the entire Texas Economic Development & Tourism team, we wish you and yours a healthy and happy holiday season! 

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"-Adriana Cruz, Executive Director, Texas Economic Development & Tourism"

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*Unemployment Rate:* 4% 

*Jobs Added in October: *49,500

*Job Recovery Rate:* 142%

*Workforce:* Nearly 14.6 million

View the full economic snapshot › [ [link removed] ]
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2022 Year in Review

This year has been full of economic growth and industry activity for Texas! As we reach the end of 2022, we're reminded of the challenges Texas has overcome and the new heights our state has reached. The Lone Star State continues to be recognized for our world-class economic landscape, our business-friendly environment and our ability to attract relocating and expanding companies from around the nation and the world. Here's a look back at some of Texas' top accomplishments and highlights from 2022:


* In 2022, Texas *recovered all jobs* lost from the pandemic and then some, bringing total jobs to a new historic high of 13.63 million (as of October).
* Texas again ranked *#1 in the country for exports* for the 20th consecutive year with exports valued at more than $375 billion in 2021.
* Texas became the #1 state for total *Fortune 500 [ [link removed] ] *corporate headquarter locations with 53 total (and growing).
* Texas was named the #1 *Best State for Business [ [link removed] ]* for the 18th year in a row by Chief Executive Magazine.
* Texas received its 10th *Governor's Cup [ [link removed] ]* in a row and 18th total cup for the most corporate relocation and expansion projects from Site Selection Magazine.
* Texas won the *Gold Shovel Award [ [link removed] ]* for the 10th year from Area Development Magazine, recognizing the state's efforts to attract high-value investment and large job creating projects.
* Texas ranked #1 in the country for total *Foreign Trade Zone* [ [link removed] ] economic impact, according to Site Selection Magazine. 
* Texas ranked #1 on the *Global Groundwork Index* for our ability to align private- and public-sector investment in physical facility and infrastructure [ [link removed] ] projects.
* Texas dominated the *State & Metro Rankings [ [link removed] ]* from Business Facilities Magazine, taking home 53 total awards including eight chart-topping titles in Semiconductors, FDI and Installed Wind Power Capacity.

Most importantly, the Texas economy is resurging, job recovery is high and Texas continues to be a national beacon of economic strength and freedom! For more Texas awards and accolades, download the Texas Bragging Rights [ [link removed] ] PDF and be sure to share the good news!

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In October, EDT's Executive Director, Adriana Cruz, attended the groundbreaking for Fujifilm Diosynth Biotechnologies' new vaccine manufacturing facility in College Station.

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Texas' success in attracting the highest number of corporate expansions and relocations is thanks to a unique combination of competitive business advantages that no other state can claim. For more on these business advantages, visit our Why Texas? [ [link removed] ] webpages. Here are some of Texas' recently announced projects in regions across the state:


* Chevron Phillips Chemical and QatarEnergy in Orange [ [link removed] ]: Chevron Phillips Chemical and QatarEnergy have announced a joint venture to establish a new $8.5 billion integrated polymers facility in Orange, Texas, expected to create more than 500 new jobs.
* SK Signet in Plano [ [link removed] ]: Electric vehicle charging solutions manufacturer, SK Signet, announced plans to create up to 183 highly skilled jobs with a new facility in Plano. The facility is expected to provide the first U.S.-made ultra-fast chargers above 350 kilowatts.
* ELM in The Colony [ [link removed] ]: ELM announced a new headquarters and manufacturing facility for their MicroGrid and Solar Divisions in The Colony. The facility is expected to employ more than 100 clean energy professionals.
* Pratt & Whitney in Wichita Falls [ [link removed] ]: Pratt & Whitney will expand their Texas presence with 30 new jobs and a new product line at their Wichita Falls facility.

More recent project announcements › [ [link removed] ]
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*National Write a Business Plan Month*

December is National Write a Business Plan Month! Visit our website for helpful resources and tips to get started on your business plan.

Learn More › [ [link removed] ]

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Recent Meetings & Events

*Women in Tech Trade Mission*

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EDT's International Business & Trade Team Lead, Shirley Temple, accompanied a delegation of Texas businesses during the U.S. Commercial Service's Women in Tech Trade Mission in November. The trade mission helped businesses explore export opportunities and potential business partners in France, Netherlands and Portugal. Read more about the trade mission here [ [link removed] ].

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*Governor's Small Business Series - Corsicana*

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The Governor’s Small Business Series - Corsicana [ [link removed] ], which took place on November 10, was an opportunity to network with other business owners and meet experts who shared timely, relevant, actionable advice on a multitude of small business topics. The Keynote Speaker for the event was Chet Garner, Host of "The Daytripper". For information on this year's events and webinars, and announcements for 2023, visit our events calendar [ [link removed] ].

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Upcoming Events & Webinars

*Governor's Small Business Series — Bryan/College Station  **I  **December 8, 2022*

The Governor’s Small Business Series — Bryan/College Station will connect small business owners and aspiring entrepreneurs with the resources and information needed to start, strengthen and grow a business. The event is an opportunity to network with other business owners and meet experts who can share timely, relevant, actionable advice on a multitude of small business topics.

Register [ [link removed] ]
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"*“It ain’t bragging if it's true!” Here are some of the recent accolades Texas has received:*"

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* Texas ranks* #1 in the U.S. for total Foreign Trade Zone economic impact* and four Texas FTZs rank among the top in the country, according to Site Selection Magazine [ [link removed] ].
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Three Texas cities made the list of the *Best Cities in the World*, by Resonance [ [link removed] ]: Houston (#42), Austin (#43) and Dallas (#47).


* In a new report by 42Floors [ [link removed] ], four Texas cities rank among the top 20 *Best U.S. Metros to Start a Business*, based on cost and opportunity: Austin (#3), Dallas (#8), Houston (#9) and San Antonio (#19).
* Texas is ranked as the *fourth most economically free state* in the U.S., in the Economic Freedom of North America Report [ [link removed] ].
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Join Our Team!
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We're hiring! Interested in working with the best state economic development team in the country and helping grow the state's economy? There are multiple positions for experienced professionals in Business & Community Development, Tourism, Economic Development Finance and other divisions. Here's a select sampling of open positions:


* Existing Industry & International Specialist [ [link removed] ]
* Business Assistance Specialist [ [link removed] ]
* Marketing Specialist [ [link removed] ]
* Economic Development Finance Specialist [ [link removed] ]

For more information on available positions, visit gov.texas.gov/employment [ [link removed] ].

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**Manufacturing *Program Offers Hands-On Learning
* [ [link removed] ]The Texas Federation for Advanced Manufacturing Education and Texas State Technical College have partnered to offer a paid, apprenticeship-style program to meet the growing needs of the area’s manufacturing base. The Lone Star chapter will serve New Braunfels, Seguin and other nearby cities to supply training for high-demand manufacturing jobs.


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*McLaren Opens North American HQ in Coppell [ [link removed] ]*
British car manufacturer, McLaren Automotive, celebrated the grand opening of their new North American headquarters in Coppell in November. The location was chosen for its proximity to the Dallas-Fort Worth International Airport and ample space for the 31,000-square-foot facility.


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*New Apprenticeship Program for Semiconductor Equipment Manufacturing [ [link removed] ]
*The National Institute for Innovation & Technology and semiconductor equipment group, Applied Materials, Inc., announced plans to establish an apprenticeship program to strengthen the semiconductor equipment manufacturing workforce. The innovative, competency-based program will be the first of its kind in the state.


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The Texas Economic Development & Tourism Office markets Texas as
one of the world's premier business locations and travel destinations.
For more information on doing business in Texas, visit us online at gov.texas.gov/business [ [link removed] ].



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