Texas must pursue a new economic development to replace the one expiring on 2022

Goldman Sachs plans to house almost 5,000 workers in a new 3-building office campus just north of downtown Dallas.On Dec. 31, section 313 of the Texas tax code, which grants property tax abatements to companies moving to or expanding in the Lone Star State, will expire. Citing a lack of transparency into the program that left taxpayers and schools frustrated and feeling as though they were on the short end of the stick, the Texas Legislature chose not to renew the economic development program.

Without an incentive program, Texas will not be on a level playing field when it comes to competing for big projects bringing jobs to local communities. Most states have taken a page out of Texas’ playbook and are now winning projects that Texas has traditionally won. For example, Intel is building a $30 billion chip facility in Ohio, Rivian is completing a manufacturing facility in Georgia, and Ford is constructing new facilities in Tennessee and Kentucky.

And Lt. Gov. Dan Patrick’s “Texan’s Back to Work Taskforce” made the point about opportunities for enhanced manufacturing in itson the pandemic, saying, “the potential increase in domestic manufacturing activity offers significant opportunities for Texas, assuming that the state maintains its current advantages in workforce, business climate, cost factors, and transportation infrastructure.”

A revival of Chapter 313 is not the solution. A new and more transparent incentive program that benefits our communities, schools and state is needed if we are to ensure Texas can continue to compete with other states and countries, while securing our economic future. And Speaker of the House Dade Phelan hasThis upcoming legislative session we have a unique opportunity to do just that.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Democrats unveil spending bill to finance gov’t, aid UkraineDemocratic lawmakers have unveiled a stopgap spending measure to finance the federal government through Dec. 16.
Source: wsfa12news - 🏆 338. / 59 Read more »

Minnie Driver Joins 'The Witcher: Blood Origin' in Major RoleMinnie Driver has joined the cast of 'The Witcher: Blood Origin' in a major role.
Source: Collider - 🏆 1. / 98 Read more »

Safe token airdrop goes live with 43,000 users eligible for rewardEligible users have until Dec. 27 to claim their SAFE token airdrop and become part of the SafeDAO governance community. Glaad I haave nnow founnd this Please be the voice of the people of iran mahsaamini مهسا_امینی oplran mahsaamini مهسا_امینی oplran mahsaamini مهسا_امینی oplran mahsaamini مهسا_امینی oplran mahsaamini مهسا_امینی oplran mahsaamini مهسا_امینی oplran mahsaamini مهسا_امینی oplran how commee noonee talk this
Source: TheBlock__ - 🏆 464. / 53 Read more »

Colombia rallies past Mexico 3-2 in El Tri’s World Cup tune-up at packed Levi’s StadiumThe game was Mexico’s last stop in the United States in preparation for the World Cup in Qatar, which takes place from Nov. 20 to Dec. 18. Please be our voice مهسا_امینی اعتصابات_سراسری OpIran MahsaAmini was killed in Iran by the police force, people started nationwide protests in all cities and rose up to get their rights and freedom. The government is trying to kill protesters and has killed and arrested a large number of them. This is a violation of human rights.
Source: mercnews - 🏆 88. / 68 Read more »

Restore & Protect Reproductive Care- Reproductive Health Salon - American Medical Women's AssociationWe are so pleased to partner with MomsRising and AMWA for this important discussion on how physicians will care for women in a post-Roe world. This event is open to the public, and we encourage you to attend. Register at the link below.
Source: HealthyWomen - 🏆 29. / 68 Read more »