CORPUS CHRISTI, TX - The United Corpus Christi Chamber of Commerce (Chamber) is backing legislation to create new economic development incentives to locate businesses in Texas.
Co-Authored by State Representative Todd Hunter, the Texas Jobs and Security Act (HB 5) will provide a critical economic development tool to create new jobs, investments, and tax revenue while keeping Texas competitive in attracting businesses to relocate or expand here. The incentives will be targeted and temporary in attracting large-scale, capital-intensive projects related to manufacturing, national security and energy infrastructure industries. Taxpayers will have greater transparency into how the incentive dollars are used, the number of jobs created and the economic impact of a project on the community.
“Economic development incentives have had a huge impact on the Coastal Bend economy, including a $54 billion dollar investment in the past decade. These new industries bring dollars, job opportunities and new supply chains and vendors along with them. It’s incredibly important to keep these tools in our toolbox to keep the Coastal Bend the best place to live, work and open a business in Texas. We look forward to sharing our full slate of priority legislation to Governor Abbott when he is in Corpus Christi on April 3rd,” said Al Arreola, Jr., President and CEO.
Governor Abbott will deliver a State of the State address to the United Corpus Christi Chamber of Commerce on April 3, 2023. For more information about the event contact Jessica Furdock at Jessica@unitedcorpuschristi.org or Click Here to Register Online.