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By KYLE ALCOTT
Staff Artist kalcott@dallasnews.com
Texas became the No. 1 state in attracting new projects after Gov. Rick Perry made economic development a top priority. The cornerstone of his strategy was the Texas Enterprise Fund, a pool of money doled out to companies that brought investment and jobs. The deal-closing fund has awarded almost $500 million since 2003, and local tax breaks are on top of that. By the end of 2012, the state fund had helped attract 106 deals, $17.4 billion in investment and 66,000 direct jobs, according to Perrys ofce.
$101 million
San Antonio Total grant amount:
$213 million
Texas Instruments/UTD Tyson Foods Comerica T-Mobile GE Transportation Golden Living Raytheon
$72 million
$52 million
Houston
UT Health/MD Anderson Citgo Petroleum Dow Chemical $25 $5 $1 $40 $21 $10.8 $22 $6 $1.2
18,469
Houston
Austin
Sematech Apple Samsung
TOTAL PROJECTS
Dallas-Fort Worth
6,932
Austin
32
Houston
15 16 15
San Antonio
Rackspace Medtronic Continental Auto San Antonio
15,351 14,561
Austin
San Antonio
Note: Dallas-Fort Worth, Houston and Austin totals are through September 2012; San Antonios is through May 2012. Some projects are divided among more than one region and grants are contingent on meeting goals.
other repayments
(In millions)
$20 $35
Chemicals, plastics: 8
Furniture manufacturing: 5
* Formerly Countrywide Financial; ** Formerly Vought
SOURCES: 2013 Legislative Report on Texas Enterprise Fund by Office of the Governor; the offices May 31, 2013, reports on individual projects
Don Baylor, senior policy analyst, Center for Public Policy Priorities