Texas economy

Governor Greg Abbott says reopening Texas economy will be a slow process

Gov. Greg Abbott said Monday that reopening the Texas economy will be a “slow process” guided by public health concerns as he continues to preview an upcoming executive order that will detail his strategy for getting business back to business in the ‘State. Abbott, who first hinted at his plans at a Friday press conference, […]

Texas economy

A rapid decline for the Texas economy – and for the state budget

Editor’s Note: If you would like to receive an email notification each time we publish Ross Ramsey’s column, click here. If you want to listen to the column, just click the play button below. At the start of every economic crisis, officials turn to their financiers to ask if things are going as badly as […]

Texas economy

A task force to examine how to restart the Texas economy after the shutdown

Policy // Texas politics Jeremy Wallace, Austin office April 7, 2020Updated: April 7, 2020 5:40 p.m. Texas Lt. Governor Dan Patrick speaks as Governor Greg Abbott listens during a press conference at the State Capitol on the state’s response to the coronavirus Tuesday, March 31, 2020, in Austin, Aus. Texas. (Nick Wagner/Austin American-Statesman via AP) […]

Texas economy

The plan to revive the South Texas economy

Part of dealing with a disaster is anticipating the consequences. That’s why now is the time for our strong and caring community to plan in detail how we safely bring back businesses large and small, and restore the jobs and families of workers in offices, oil fields, ranches, farms, restaurants and hospitality that are so […]

Texas economy

Keeping the Texas Economy on Track

For the past decade, Texas has been a job creation machine. In fact, during this period, jobs grew twice as fast here as in the rest of the country. When Governor Greg Abbott announced in January that Texas Commercial Facilities Magazine had named Texas “State of the Year” for 2019 – recognizing it as the […]

Texas economy

Comptroller Glenn Hegar discusses the impact of the coronavirus on the Texas economy

Texas Tribune Editor-in-Chief Ross Ramsey sat down with Texas Comptroller Glenn Hegar for a discussion on the impact of the novel coronavirus outbreak in Texas on the economy and workforce of State. Here’s a look at some of Hegar’s responses to questions posed during the interview. What’s happening to the state’s economy right now? Hegar […]

Texas economy

Coronavirus pandemic cripples Texas economy as oil prices plummet

Loading Something is loading. The coronavirus pandemic is hitting Texas where it hurts: in the oil industry. As local state governments (but not the governor) implement stay-at-home orders to help slow the spread of the coronavirus, Texans are staying indoors, Gregory Meyer reported for the Financial Times. Falling demand for fuel is one of the […]

Texas economy

As coronavirus impact spreads, oil price drops to bite Texas economy

The global effort to curb the coronavirus by limiting travel, canceling events and closing schools and businesses may well prove effective, but it’s a remedy that is torpedoing the prices of a traditional food staple from the Texas economy: oil. The price of a barrel of oil has more than halved in the past month […]

Texas economy

New coronavirus shocks Texas economy and unemployment could spike

HOUSTON— The novel coronavirus is triggering an economic crash that has sent governments are scrambling, putting people out of work and leaving businesses on the verge of closing, if they haven’t already. In Texas, the economic double whammy of the public health crisis combined with the sharp drop in oil prices is making experts here […]

Texas economy

Study: Livingston Casino Generates $170 Million in East Texas Economy | Local News

Naskila Gaming, one of Texas’ few casinos, supports more than 700 jobs and provides $170 million in economic impact to East Texas, according to an economic study by the Texas Forest Country Partnership. The study updates economic impact numbers from 2018 and reveals what tribal leaders call “the growing impact of the installation of electronic […]

Texas economy

Travel to Europe bans another coronavirus-related blow to Texas economy

The US travel ban from Europe is the latest in a series of blows to state and local economies – including the cancellation of the South by Southwest festival, falling oil prices and various directives for limit crowds – which have come in quick succession amid rising coronavirus fears. Texas, traditionally one of America’s top […]

Texas economy

New Texas A&M study shows climate change will impact Texas economy by 2036 bicentennial [Opinion]

Data can facilitate difficult conversations, and few conversations have been as difficult as the one about climate. It was important for us – as a climatologist of the State of Texas and CEO of a non -profit organization focused on the future of Texas – to bring new light to this question. We wanted to […]

Texas economy

Supporting Naskila Gaming helps the economy of the Alabama-Coushatta Tribe of Texas in East Texas [Opinion]

Texas is a state of opportunity and prosperity. There is a story brewing in East Texas that stands in stark contrast to this fundamental Texas mentality. It’s a story about Texas not fighting for the jobs and economic prosperity of its people. This is about my tribe – the Alabama-Coushatta Tribe of Texas, and hundreds […]

Texas economy

Dallas Fed: Energy will drive Texas economy this year

Speaking in San Antonio at an event hosted by the Federal Reserve Bank of Dallas last week, economist Keith Phillips said he expects the Texas economy to be stronger again than that of the country in 2020. This is despite job losses in the oil and gas industry. “Overall, I expect the energy sector to […]

Texas economy

Energy Will Drive Texas’ Economy This Year – Houston Public Media

In 2019, job growth slowed the most in Houston compared to other Texas metro areas. Speaking in San Antonio on Friday at an event hosted by the Federal Reserve Bank of Dallas, economist Keith Phillips said he expects Texas’ economy to be stronger again than the United States. country in 2020. This is despite job […]

Texas economy

Texas economy adds 29,800 jobs in December – Corridor News

AUSTIN — In December, Texas’ seasonally adjusted unemployment rate was 3.5%, up a tenth of a percentage point from 3.4% in November 2019. Texas added 29,800 jobs during the month. In 2019, Texas set a record for the lowest unemployment rate since playoff tracking began in 1976. “As we reflect on 2019, it’s clear that […]

Texas economy

Texas economy created nearly 1,000 jobs a day in 2019

Texas employers added 28,900 new jobs in December even as the state’s unemployment rate edged up, according to data released Friday by the Texas Workforce Commission. For the year, the state’s workforce grew by 342,800 jobs, the equivalent of nearly 1,000 new jobs per day. Overall, the state saw a “slight decline in growth” in […]

Texas economy

Proposed fracking ban puts Texas economy at risk

Over the past decade, the shale revolution has transformed the economy and reduced emissions. Now, a new study from the U.S. Chamber’s Global Energy Institute quantifies how much Texas stands to lose if some candidates are successful in ending it. The study comes as presidential candidates and activist groups have called for a ban on […]

Texas economy

Governor: DFW engine boosts Texas’ mighty economy

Governor Abbott called the Dallas-Fort Worth area “the most powerful economic region in all of the United States of America.” Over the past year, Texas added about 300,000 new jobs, and about a third of those jobs were in the Dallas-Fort Worth area. The unemployment rate in Texas is at an all-time high of 3.4%, […]

Texas economy

Texas economy always goes up and down with oil

How important is the energy industry to the Texas economy? The answer is always “very”. Two reports, one looking back on the spring, the other assessing the latest conditions, vividly illustrate this. The Commerce Department reported this week that Texas led the nation’s economic activity in the second quarter, growing at an annual rate of […]

Texas economy

Climate Change: A Reality Check for the Texas Economy

Weather events such as hurricanes and tornadoes are still widely considered “acts of God”. But as climate scientists warn of increasingly severe floods, droughts and other disasters, businesses have begun to worry about the risks climate change could pose to Texas’ economy. The Port of Houston is home to many of the state’s oil refineries, […]

Texas economy

Dallas Developers Talk North Texas Economy 2020

Charles R. Myers is President and Chief Executive Officer of MYCON General Contractors. With the Fed’s quarterly interest rate cut, tariffs in place and global forecasts of an economic slowdown, are we heading for headwinds in North Texas? I reached out to my peer group to get their insights as we all looked at the […]

Texas economy

Winter and ‘converted’ Texans fuel South Texas economy

McALLEN, Texas (Border Report) — There’s a growing group of retirees making the Rio Grande Valley in southern Texas their permanent home and they’re being called “converted Texans.” Local business owners say they help boost the local economy and have a lot of fun in the process. Curt James works for Welcome Home RGV, a […]

Texas economy

Booming Texas economy could usher in 2020 Democratic victory – Orange County Register

For Republicans, the Texas Miracle may become a victim of its own success. The booming economy that helped the Lone Star State weather the 2008 recession also sparked a migration there that is changing the face of Texas politics. Workers who moved to Texas for jobs in the energy and tech sectors are more liberal […]

Texas economy

Study Shows How Immigrants Help North Texas Economy

Immigrants have a big impact on North Texas’ economy, new study shows. The New American Economy group says it wants to use this new data to show how immigrants are helping cities thrive. According to the study, more than 1.3 million immigrants live in North Texas — and about a quarter of them are of […]

Texas economy

How much real estate contributes to the Texas economy

The housing market is a major driver of the US economy, but its contribution is different from state to state. According a recent report from the National Association of Realtors, the the real estate industry has contributed $268.8 billion to the Texas economy in 2018, or about $80,000 for every home sold last year. NAR’s […]

Texas economy

The new engine of the Texas economy

Texas is an energy state. Blessed with a wealth of energy resources, including natural gas, wind, and solar, Texas is integral to our national drive to become a net exporter of energy by 2020. But energy isn’t the only thing driving Texas forward. We also have a thriving life sciences industry that, with the right […]

Texas economy

Border Brinkmanship and the Texas Economy – Texas Monthly

President Donald Trump’s recent threat to shut down parts of the US-Mexico border followed a pattern that repeated itself throughout his presidency, a pattern his opponents have sometimes misinterpreted as stupidity. He engages in an aggressive, public tightrope approach to a crisis – sometimes real, sometimes exaggerated – and then credits his aggressive approach for […]

Texas economy

Report: Texas economy benefits more than any state by connecting rural residents

According to a new report, rural businesses in Texas could earn $3.7 billion for local rural economies — more than any other state — by connecting them to digital tools and high-speed internet access. Online retail sales nearly doubled between 2011 and 2016, and web tools helped businesses in the commerce sector, according to the […]

Texas economy

Hispanics bolster Texas economy and workforce as white population shrinks, experts say

Nora Soto has a big family. She is one of 36 cousins, most born in the United States Most are in their 20s and 30s, work in all types of industries, and have children of their own. Experts say Texas’ population wouldn’t be at the level needed to meet the state’s labor needs without Hispanic […]

Texas economy

East Texas economy expected to grow faster than state

TYLER, TX (KLTV) – East Texas’ economy is expected to grow at a faster rate than the state over the next five years, according to economist Ray Perryman. Perryman, a Lindale native, was in Tyler on Thursday to deliver his 35th annual economic outlook. And this year, Perryman says things are looking “very good”. “There’s […]

Texas economy

Deer Farming and Hunting Impact Texas Economy $1.6 Billion Annually | Local News

Eric Draper first went deer hunting nearly 30 years ago. “When I’m lucky enough to shoot a nice trophy, I always get the same elevated heart rate,” said Draper, 42, of Cuero. “When it comes to taking that picture, it’s exciting and exhilarating, and you know you’re going to have that meat to put in […]

Texas economy

Texas economy postpones state budget problems

It’s a good time to be in Texas. The state’s economy is booming. The state’s personal income has grown about 2.5% every year since 2007. People are flocking to take advantage of low unemployment and growing opportunities. And Texas’ finances are excellent compared to those of big states like California and Pennsylvania. However, this does […]

Texas economy

News Roundup: Study Finds Migrants Give Texas Economy Big Boost

The Standard’s news roundup gives you a quick overview of interesting, sometimes irreverent, and breaking news from across the state. A new report from the Federal Reserve Bank of Dallas reveals that migrants make up about half of Texas’ workforce and contribute to the state’s economic growth. That’s on top of having one of the […]

Texas economy

One thing Hurricane Harvey won’t destroy is Texas’ economy, experts say

As the Gulf Coast braces for the impact of what forecasters say will be the worst hurricane to hit Texas in nearly a decade, insurers and economists may actually bring some good news. Yes, difficult times are ahead for many families. And the poor will be hit harder than wealthier residents, for whom a hotel […]

Texas economy

Texas economy could face chilling effect of climate change

Texas’ economy could face some of the most costly consequences of climate change as temperatures continue to rise in the coming decades, according to a new study. In the study published last week in the journal Science, researchers found that the economic burden of climate change will hit states along the Gulf Coast — including […]

Texas economy

The oil and gas industry is the backbone of the Texas economy | Company

At the height of the oil and gas industry downturn, more state tax revenue was collected in 2016 than before Eagle Ford Shale drilling began, said table chairman Omar Garcia. South Texas Energy and Economy Round. “When you look at rural South Texas not seeing economic development activity like metropolitan areas and other parts of […]

Texas economy

Clean Energy Saves Lives and Grows Texas Economy – Texas Monthly

Texas is America’s oil and gas capital, but it’s been clean energy that has increasingly powered the state over the past decade. A cleaner power grid is great news for the health and economy of Texans, if President Trump and state leaders don’t threaten progress. The ripples of transformation began in 1999 when the Texas […]

Texas economy

9 Industries Driving GDP Growth in the Texas Economy

In the years following the 2009 recession, Texas was one of the most economically resilient states, recording a cumulative annual growth rate of more than 7% between 2009 and 2014. Throughout the economic recovery, the fastest growing industries were related to energy, construction and technology. The Texas economy’s long-standing ties to the energy sector have […]

Texas economy

Cut off Mexico and the Texas economy hits a wall

Texas’ economy is already quite large, and Mexico is one of the main reasons. It’s worth remembering when President Donald Trump threatens a trade war over a border wall, as he did last week. Economically, there is more at stake for Texas than for any other state in the country. Mexico is by far our […]

Texas economy

Texas economy slowed in 2016

The state’s semi-annual budget estimate has bad news for the year that has been. Lydia DePillis, Houston Chronicle January 9, 2017Updated: January 9, 2017 12:14 p.m. Texas State Comptroller Glenn Hegar announces that a Republican-dominated legislature will have $113 billion in revenue to spend over the next two years, during an announcement Monday, Jan. 12, […]

Texas economy

Texas Economy Finally Heads to the Top: Comerica Bank

Permian rig count growth is a boon to the overall Texas economy Dallas-based Comerica Bank (ticker: CMA) released its Texas Economic Activity Index last week, indicating that its measure of the Texas economy advanced for a second consecutive month, gaining 0.4 points. percentage in October to reach a level of 91.0. The September index was […]

Texas economy

So-called ‘bathroom’ legislation won’t destroy Texas’ economy

In a free society, real debate depends on the intellectual honesty of the debaters. Sometimes, because their argument lacks substance, organizations will fail the honesty test. Such is the case with the Texas Association of Business and its attempt to stifle debates about women’s privacy through political correctness and less-than-honest claims about the Texas economy. […]

Texas economy

Do you still miss Obama? Texas’ economy has flourished under the Democratic president

Obama’s economy has been very good for Texas, and vice versa. Job growth in the state has been much stronger since President Barack Obama took office in January 2009, at least compared to his predecessor. Texas has created nearly 1.5 million private sector jobs under Obama, twice as many as during the tenure of his […]

Texas economy

Texas economy will stabilize and grow through 2017, firm says – Houston Public Media

Texas is still going through a mild recession, but things will change in 2017. That’s what Comerica’s economic outlook revealed. The bank tracks the economies of five states. Greater Houston has a big role to play in this regard. It accounts for a quarter of all state jobs. Chief Banking Economist Robert Dye expects job […]

Texas economy

Texas Legislature Can Take Texas Economy Even Higher

The Texas State Capitol, Austin. (MIRA OBERMAN/AFP/Getty Images) The end of the 140-day legislative session, every two years, from the 84e The Texas Legislature is fast approaching on June 1st. While Texas has been the nation’s jobs engine for years based on the successful Texas model, lawmakers can give it a tune-up by passing a […]

Texas economy

Capitalizing on SXSW, Greg Abbott touts Texas economy

Embracing his new role as a high-ranking cheerleader for Texas’ business climate, Governor Greg Abbott delivered his speech Saturday to dozens of tech executives gathered at the Governor’s Mansion amid South-by-Southwest festivities. from Austin. Picking up where former Gov. Rick Perry left off, Abbott touted Texas’ limited government environment as one of his biggest selling […]

Texas economy

Fluctuating Oil Prices Won’t Slow Texas’ Economy

Texas has been a bright spot in an otherwise sluggish US economy for years. Consider that Texas employs 1,444,290 more people than when the recession began in 2007, according to the latest state-level jobs report; excluding Texas from the nation’s job creation equation, there are 276,290 fewer people employed over the same period. Rapid job […]

Texas economy

Study: Gay marriage would boost the Texas economy

Texas could add $180 million to its economy over three years if it allowed same-sex couples to marry, according to a study by the Williams Institute at the UCLA School of Law released Wednesday. The study predicts that more than 23,000 same-sex couples in Texas would marry within three years if allowed by the state. […]

Texas economy

Is Texas’ economy really better than California’s?

Not too long ago, Governor Rick Perry poached in my territory. Well, not mine, exactly, but close: he came to Oxnard, California, the town next to where I lived for 25 years, hoping to attract one of our best employers. locals in Texas. I don’t know how Perry targeted Haas Automation, one of the nation’s […]

Texas economy

Report: DREAM Act could mean billions for Texas economy

Granting legal status and paving the way to citizenship for about 2.1 million undocumented immigrants in the United States would generate an estimated $329 billion in economic impact by 2030, according to a report released Monday. The study also indicates that Texas itself would see a $66 billion impact. The report, a joint effort of […]