Gov. Rick Perry today credited Texas' low taxes, reasonable and predictable regulations and skilled workforce with helping Texas' economy lead the nation while attracting jobs and businesses to the state. The governor spoke at the Keeping Texas Competitive Summit.
"The economic principles in place in Texas emphasize the balance between personal freedom and responsibility, not only helping strengthen our economy, but attracting jobs for Texans," Gov. Perry said. "We will continue to embrace low taxes, predictable regulations, limits on lawsuits and accountable schools as we move into the upcoming legislative session and continue to lead the nation in job creation."
The summit brings legislators, site consultants, and business and community leaders together in preparation for the upcoming legislative session. Topics addressed include economic development, best practices on job growth and retention, how Texas compares to other states, and what policies are necessary to continue Texas' economic success.
The governor also emphasized the importance of the 10th Amendment to ensure states remain competitive, both nationally and globally.
"Embracing the competitive nature of the 10th Amendment and the kind of success it allows would help put America back on track to its competitive position in the global economy," Gov. Perry said.
Texas' economy continues to receive national attention. Meredith Whitney, a noted analyst who accurately predicted the national banking crisis, recently listed Texas as the national leader in state financial health in her report about the perilous condition of most state governments. Of the 15 largest states, only Texas and Virginia earned overall positive rankings.
National Journal and The Atlantic recently named Texas the leading state for the national economic recovery. In July, CNBC named Texas America's Top State for Business. Texas was also recently named the "Best State to Do Business" by CEO Magazine for the sixth year in a row, and four of Texas' metro areas were listed as "America's Recovery Capitals" by Forbes and Moody's Economy.
No other state is home to more Fortune 1000 companies, and Texas is the nation's leading exporting state for the eighth consecutive year. Texas created more jobs than any other state in the nation not only since the beginning of 2010, but also over the last 10 years.