Texas Border Business
AUSTIN — Governor Greg Abbott lauded Texas’ robust economy with records unmatched by any other state, as Texas continues to attract both large and small businesses in 2024.
“Texas is the leading economy in the United States because we move at the speed of business,” said Governor Abbott. “This year, I launched two new state initiatives — the Texas Space Commission and the Governor’s Small Business Freedom Council — to further spur economic growth and job creation. Texas has also received numerous awards in 2024, including, Best State for Business, Gold Shovel Award, the Governor’s Cup, and more, showcasing Texas’ investment in our future by partnering with Texas businesses and providing globally competitive and cost-effective financial tools to drive success and innovation. As the eighth largest economy in the world, Texas will continue to slash government regulations that holds our businesses back from thriving in 2025.”
HIGHLIGHTS FROM TEXAS’ 2024 ECONOMIC DEVELOPMENT INITIATIVES:
Governor Abbott Launches Texas Space Commission
In the spring, Governor Abbott launched the Texas Space Commission and appointed the inaugural members of the Texas Space Commission Board of Directors and the Texas Aerospace Research and Space Economy Consortium (TARSEC) Executive Committee at NASA’s Johnson Space Center.
“As we look into the future of space, one thing is clear: those who reach for the stars do so from the great state of Texas,” said Governor Abbott. “Now, with the Texas Space Commission, our great state will have a group that is responsible for dreaming and achieving the next generation of human exploration in space. Texas is the launchpad for Mars, innovating the technology that will colonize humanity’s first new planet.”
The Texas Space Commission works to strengthen Texas’ proven leadership in civil, commercial, and aerospace activity by promoting innovation in the fields of space exploration and commercial aerospace opportunities, including the integration of space, aeronautics, and aviation industries into the Texas economy. The Commission is governed by a nine-member board of directors, who also administer the legislatively created Space Exploration and Aeronautics Research Fund to provide grants to eligible entities.
Learn more about the Texas Space Commission here.
