Gov. Abbott to Speak with North Texas Business Leaders in Dallas Wednesday

Gov. Greg Abbott will be in Dallas on Wednesday to deliver the state’s address to North Texas business leaders.

His talk follows on from a talk he gave last month in Austin, this time focusing on the Texas economy at a dinner hosted by the Dallas Regional Chamber.

The governor has touted Texas as a powerhouse of the economy throughout the pandemic, which continues to be confirmed by the latest government data. Experts say Texas is in a good position to weather a potential national recession this year.

“Texas has been an exception compared to the rest of the country during the pandemic because of the many diversified economies and diversified businesses that we have here in Texas,” said Matt Garcia, senior vice president of public policy for the Dallas Regional Chamber.

Texas currently leads the nation in the number of jobs created in the past year and also leads in the number of corporations moving their headquarters into the state or expanding their operations. Many of these relocations have taken place in North Texas, which is why the DRC sees the Dallas area as leading the way in the state’s success.

“We definitely have a very business-friendly environment here in Texas. It’s everything from low taxes, reasonable regulations and a great workforce – a great channel,” said Garcia.

As the Federal Reserve tries to tame inflation across the country, economists believe that Texas’s strong workforce and energy sector will help protect it from the economic downturn we may see this year.

We know Gov. Abbott plans to talk about this and his priorities in the current legislative session, as lawmakers also split the money in a historically large budget surplus.

The Chamber hopes that some of the budget can be devoted to addressing the growing population to keep up with demand.

“We would like to see most of these budget dollars go to investments in water, infrastructure, broadband. So the favorable business environment that we have today will continue into the future,” said Garcia.

Governor Abbot is expected to address business leaders at the Hilton Anatole at around 12:30 p.m. Wednesday.

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