Gov. Greg Abbott will be in Dallas Wednesday to deliver the State of the State address to North Texas business leaders.
The address was an extension of his last month in Austin, this time as part of a luncheon hosted by the Dallas Regional Council, focusing on the Texas economy.
The governor described the epidemic as a powerhouse economy across Texas, which continues to be true with the latest state data. Experts say Texas is well-placed to weather a possible national recession this year.
“Because of the many diverse economies and diverse businesses we have in Texas, Texas has excelled compared to the rest of the country during the pandemic,” said Matt Garcia, senior vice president of public policy for the Dallas Regional Council.
Texas currently leads the nation in jobs created last year and also leads corporations in moving their headquarters to the state or expanding operations. Many of these relocations occurred in North Texas, which is why DRC believes the Dallas area is at the forefront of the state’s success.
“We really have a very business-friendly environment here in Texas. That’s everything from low taxes, reasonable regulations and a good workforce — a great pipeline,” Garcia said.
As the Federal Reserve tries to keep inflation under control across the country, economists believe Texas’ strong workforce and energy sector will help protect it from the economic slowdown we’re seeing this year.
We know that Gov. Abbott plans to talk about this issue and his priorities as lawmakers divvy up historically large budget surpluses.
The council hoped that part of the focus in the budget would be to address growing public demand to match demand.
“We want to see more budget dollars go to water investment, infrastructure, broadband. So that the favorable business environment we have today will continue in the future,” said Garcia.
Gov. Abbott is expected to address business leaders at the Hilton Anatole on Wednesday around 12:30 p.m.