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Texas launches new property tax incentive program to lure new businesses
Read full article: Texas launches new property tax incentive program to lure new businessesThe Jobs, Energy, Technology, and Innovation program cuts property taxes for new manufacturing, research and development facilities. It replaces a shuttered program criticized for its impact on school finance.
Shuttered for decades, a downtown theater in a rural Texas town is getting new life and new mission
Read full article: Shuttered for decades, a downtown theater in a rural Texas town is getting new life and new missionRural Texas towns like Levelland on the South Plains are increasingly turning to the arts to help revitalize their downtowns and provide more attractions for families.
As offices sit empty and housing costs soar, some Texas developers are converting workspaces into apartments
Read full article: As offices sit empty and housing costs soar, some Texas developers are converting workspaces into apartmentsNot every downtown high-rise is a good fit for an office-to-housing conversion, but some officials and developers see benefits in turning unused space into new residential units.
Texas job growth likely to slow in late 2023, Dallas Fed economist says
Read full article: Texas job growth likely to slow in late 2023, Dallas Fed economist saysThe state will likely see the two years of post-pandemic growth start to decelerate, according to Roberto Coronado, senior vice president and senior economist for the Federal Reserve Bank of Dallas. Coronado also cited lowering inflation rates as a top priority for the Dallas Fed.
Texans in Congress take bipartisan path to boost semiconductors, a crucial industry to the state
Read full article: Texans in Congress take bipartisan path to boost semiconductors, a crucial industry to the stateRepublicans like Sen. Ted Cruz and Democrats like Rep. Colin Allred — opponents in the 2024 election — propose streamlining environmental reviews to promote investment and expansion by chipmakers.
Economic incentives clear Senate committee as negotiations continue
Read full article: Economic incentives clear Senate committee as negotiations continueLawmakers are trying hard to come up with an agreement on how to replace an embattled 20-year tax abatement program for big companies that expired in December.
New economic incentive plan clears hurdle in Texas House
Read full article: New economic incentive plan clears hurdle in Texas HouseDuring the floor debate for a plan to replace the expired Chapter 313 program, House members added that the new version of the incentive must require companies to pay higher wages and create stiffer penalties for noncompliance.
Gov. Greg Abbott says Texas will revamp economic development program after property tax incentive expires
Read full article: Gov. Greg Abbott says Texas will revamp economic development program after property tax incentive expiresAbbott told business leaders in Arlington on Wednesday that Texas is already suffering from the end of the tax-break program, recently losing a “massive” computer chip factory to New York.
Texas House speaker says he’s confident Legislature will revive expiring corporate tax break program
Read full article: Texas House speaker says he’s confident Legislature will revive expiring corporate tax break programLawmakers let the program, known as Chapter 313, expire at the end of this year after the Senate declined to consider a bill extending it. It was the first time in its 20-year history that legislators decided not to renew the program.
Top Texas Republicans, Biden administration look to grow the state’s semiconductor industry
Read full article: Top Texas Republicans, Biden administration look to grow the state’s semiconductor industryAs companies like Samsung and Texas Instruments expand their operations in the state, Gov. Greg Abbott and other state leaders are backing federal efforts to grow the industry.
Watch: Labor and economy experts discuss how the Texas economy has adapted during the pandemic
Read full article: Watch: Labor and economy experts discuss how the Texas economy has adapted during the pandemicTribune energy and economy reporter Mitchell Ferman moderated a conversation with labor and economic development experts who discussed how COVID-19 has affected Texas’ economy and how businesses, workers and government have responded.
Less traffic? Houston is on this list for top cities people are leaving
Read full article: Less traffic? Houston is on this list for top cities people are leavingAccording to Investing.com, Houston is one of the top cities where residents are moving from. Americans are leaving major U.S. cities at a rapid rate. The slowdown in population growth is accredited to shrinking industries and an increasing cost of living. Despite its big business, Houston is marking slow growth compared to other Texas cities such as Austin and Dallas. To view the full list of 99 U.S. cities where Americans are leaving.