Gov. Greg Abbott will be in Dallas on Wednesday to deliver a state address to North Texas business leaders.
His speech is an extension of a speech he gave in Austin last month, this time focusing on the Texas economy as part of a luncheon hosted by the Dallas Area Chamber of Commerce.
The governor has touted Texas as a great economy throughout the pandemic, and this continues to be proven by the latest government data. Experts say Texas is a good place to weather a possible nationwide recession this year.
Matt Garcia, senior vice president of public policy for the Dallas Area Chamber of Commerce, said:
Today, Texas leads the nation in jobs created in the past year, as well as in moving corporate headquarters to the state and expanding operations. The DRC believes the Dallas area is leading the way in state success, as many of these relocations were in northern Texas.
“There is no question that we have a very business-friendly environment here in Texas. Low tax rates, reasonable regulations, a great workforce, which means a great pipeline, all of that,” said Garcia. .
As the Federal Reserve attempts to keep inflation under control nationwide, economists believe Texas’ strong labor force and energy sector will help shield against an economic slowdown that could be seen this year.
We know Governor Abbott plans to talk about this and ongoing congressional priorities. Because legislators also historically distribute money in large budget surpluses.
The Chamber hopes that part of the focus within the budget will be on dealing with the growing population to keep up with demand.
“We hope that much of these budgets will be spent on water investments, infrastructure and broadband, so that the business environment of today will continue into the future,” Garcia said.
Governor Abbott is scheduled to address business leaders at the Hilton Anatole on Wednesday at approximately 12:30 p.m.