Saturday, January 24, 2004
Texas has a pipeline of about forty deals, according to the governor. And he intends to ask the state legislature for more money to attract firms.
All of the prospects in the pipeline could be considered for incentives from the state's $295 million Texas Enterprise Fund. Texas created the fund last year as a deal-closing fund to attract new employers.
The idea came after the state had trouble raising $15 million requested by Toyota for its new pick-up plant in San Antonio.
So far, Texas has awarded $91.5 million from the fund to three projects: $40 million to Austin-based Sematech, $1.5 million to Maxim Integrated Products for a plant in San Antonio and $50 million to the University of Texas at Dallas related to the construction of a $3 billion chip plant in Richardson by Dallas-based Texas Instruments.
Read more about what is happening in Texas here and here.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
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Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
The Texas Enterprise Fund
