Radio Address- Texas Enterprise Fund
My fellow Texans...
In the 2003 legislative session, Texas made an unprecedented commitment to bring jobs and opportunity to Texas by establishing the $295 million Texas Enterprise Fund.
Since that time we have allocated $200 million of those funds to bring 22,000 new jobs to Texas and pump more than $6 billion into our economy.
Because of the Enterprise Fund we landed the largest job creation project in the nation for the last four years... an expansion by Countrywide Financial that will bring 7,500 jobs to Texas... as well as huge capital investments by Texas Instruments, Vought Aircraft, Citgo and many other employers.
By any measure, the Enterprise Fund has been an unparalleled success... so successful in fact that Site Selection Magazine called it the state's "not-so-secret-weapon" in the battle to create jobs when the publication named Texas the number one state in America to do business for 2004.
That is why I have asked the legislature to authorize $300 million to replenish the Enterprise Fund so we can continue to let the world know that Texas is wide open for opportunity.
I have also asked the legislature to dedicate an additional $300 million to an Emerging Technology Fund that will focus on fostering innovation in emerging high-tech industries and accelerating the commercialization of new products from the lab to the marketplace.
These funds will be used to encourage research collaboration between higher education and the private sector... to match research grants awarded other sponsors... and to help make Texas public universities world leaders in technology research and development by attracting more top-notch research teams from other universities.
My goal is to make Texas the global leader in the technology economy. And together, these strategic investments will give Texas the competitive edge we need to ensure greater opportunity, prosperity and a brighter future for all of our people.
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