A bill that provides $630 million worth of tax incentives has already made its way out of the House, and is now heading to the Senate floor for a vote.
The bill has been altered from its original wording, streamlining those benefiting down to one business group.
"I explained to my colleagues as we’ve been trying to work through this in the last couple of days: It’s almost like I have to pick which three of my kids gets something and which do not. It’s almost impossible," said Sen. Glenn Hegar, R-Katy, who is carrying the bill in the Senate.
When cities and counties try to attract big businesses, they have several tools in their toolbox. Tax abatements or breaks to businesses that bring jobs have become the new normal, so are they worth it?
Today we talk with Brian Kelsey, professor at the University of Texas, Austin and principle at Civic Analytics, and with David Marquez from Bexar County Economic Development about what these all mean and why cities and counties are going this route.
Texas is making headlines in the tech industry as a report released today by the TechAmerica Foundation indicated that Texas is now second only to California in the number of high-tech jobs.
The latest edition of Cyberstates, a comprehensive state-by-state look at tech employment, wages, and other key economic factors state-by-state, said Texas continues to be a leading cyber state by most tech industry metrics, including employment, payroll, and establishments.
President Obama brought a message of economic recovery when he visited Austin yesterday, the first stop in his “Middle Class Jobs and Opportunity Tour.” Latinos in the U.S., however, are trailing behind the national average in unemployment. So how are they’re doing when it comes to finding work in the home of the “Texas miracle?"
San Antonio's Historic and Design Review Commission has rejected an application for a hotel tower to be placed atop the old Joske's building downtown.
Even up until a minute before the last vote, no one could have guessed the final outcome of a vote by commissioners, who were torn over the decision. Half the members were for the project, and half were against. One member didn’t show up to the meeting because he is involved with the architects, Overland Partners, to restore the St. Anthony Hotel.