The Texas economy is the fastest-growing in the U.S.. More Texans are working than ever before as the Lone Star State leads in private-sector job creation — over the month, over the year and over the past 10 years. And jobs in Texas are now on pace for the strongest growth in four years. This has been a result of planning.
In the four years Greg Abbott has been governor, the state government has, in his words, "spurred the Texas economy by cutting taxes and regulations, by investing in our roads and infrastructure and by focusing on developing a world-class workforce."
"More than half of our population growth," Abbott goes on to say, "is from newly-born Texans. And Texas is by far the 'stickiest' state: More than eight in 10 of those born in Texas stay in Texas.
"Freedom is a magnet."
Abbott, Republican governor of the nation's largest state by volume, also says "Innovation and self-reliance are deeply rooted in the Lone Star State, and when freed from the stranglehold of over taxation and overregulation, new ideas flourish. By limiting senseless government restrictions, the opportunity to succeed in business is as limitless as the land itself."
Other happy facts: The Texas economy has an annual gross domestic product of $1.7 trillion, making it the 10th-largest economy in the world.
Moreover, new-business formation is at a five-year high in Texas, which is also is leading the nation in private-sector job creation.
Texas has added more than 350,000 jobs in the past year, with the largest increase in the energy sector. Put another way, one in seven jobs created in the United States in the past year was created in Texas.
