Governor Greg Abbott announced today that a delegation from Texas is leading a business development mission to Europe September 26-29 to meet with business leaders in London, England, Paris, France and the region. of Frankfurt in Germany and to organize events promoting Texas as the best state in the United States to do business.
The Texas delegation includes Texas First Lady Cecilia Abbott, Texas Secretary of State John Scott, Executive Director of the Governor’s Office of Economic Development and Tourism Adriana Cruz, and President and CEO of the Texas Economic Development Corporation, Robert Allen, and a dozen other economic development leaders from across the state.
“Texas is truly a magnet for innovative industry leaders,” Governor Abbott said. “As the leading state to attract job-creating global investment and home to more Fortune 500 headquarters than any other state, Texas offers unparalleled operational advantages: a friendly business climate and a young, diverse, skilled and growing. Along with easy access to global markets, a robust infrastructure and transportation network, predictable regulations, and global economic strength, Texas has created an environment where businesses can thrive and Texans can thrive. I thank the First Lady, Secretary Scott, our economic development teams, and all members of the Texas delegation for representing the great state of Texas, and I look forward to welcoming more new jobs and business investment. in the Lone Star State.”
The United Kingdom, France and Germany are key trading partners for Texas and are among the top countries for foreign direct investment projects in the Lone Star State. Common industry strengths include aerospace and aviation, manufacturing, pharmaceuticals, information technology, and more.
Over the past decade, global investments in Texas include:
- British companies reported 341 investment projects in Texas, which are expected to create $5.5 billion in capital investment and more than 14,500 new jobs;
- French companies reported 85 investment projects in Texas, which are expected to create $5.9 billion in capital investment and more than 7,000 new jobs; and
- German companies reported 154 investment projects in Texas, which are expected to create $9.8 billion in capital investment and more than 12,600 new jobs.
The business development trip is sponsored and paid for by the Texas Economic Development Corporation.