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Chambers Across the State Support HB 5 by Chairman Todd Hunter
The Texas Association of Business is one of more than 255 organizations, including 100 chambers of commerce, that supports a new, modern and transparent economic development program.
HB 5, The Texas Jobs and Security Act, by Chairman Todd Hunter (R-Corpus Christi) does just that, giving communities a new tool to attract projects that lead to jobs and long-term revenue for public services.
HB 5 is critical to maintaining the Texas Miracle. The bill:
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Ensures Texas' economic security
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Promotes technological and manufacturing independence
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Creates new capital investments in our communities
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Creates new capital investments in our communities, giving our children greater opportunities and schools additional resources.
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States across the country have copied Texas’ most competitive incentive-based program (offering temporary tax discounts for large capital-intensive projects), which expired at the end of 2022. The Texas Legislature must pass HB 5 to give communities the tools they need to compete in a 21st century global economy.
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In the Media​
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Caller Times: Opinion by Corpus Christi Regional EDC's Mike Culbertson: HB 5 would be a new tool for economic development in Texas
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San Antonio Express-News: opinion column by Texas School Alliance Executive Director H.D. Chambers: New business incentive program would boost schools
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Caller Times: opinion column by Texas Assoc. Manufacturers CEO Tony Bennett: Texas must have an economic development program to compete for jobs and investment
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Houston Chronicle: opinion column by GHP CEO Bob Harvey: Texas needs new economic development incentive to compete
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The Facts: opinion column by Brazoria County Petrochemical Council: Support of HB 5
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Rio Grande Guardian: opinion column by Texas Business Leadership Council’s Economic Development Taskforce: Incentivizing Employers to Choose Texas
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Austin American-Statesman: opinion column by Opportunity Austin: Keep the engine of Texas economic development humming
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SA-Express: opinion column by the greater SATX Regional Economic Partnership: Texas has been disarmed in battle for economic development
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DMN: Chris Wallace Opinion: Texas House bill promises a revamped version of economic development tool
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Bloomberg: Texas Tax Break Replacement Champions Chips, Excludes Renewables
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Rio Grande Guardian: Hamer, Silva: RGV Supports Texas Jobs and Security Act
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TAB Press Release: Businesses Applaud Speaker Phelan and Chairman Hunter for Announcing Texas Jobs and Security Act
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TAB Press Release: Businesses Call for Modern and Transparent Economic Development Program
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Houston Chronicle: Opinion: Texas Miracle is a three-legged stool. One leg needs replacing.
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Austin Business Journal: The 'Texas Miracle' Over?
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Houston Business Journal: Saint-Gobain subsidiary nabs tax incentives for $145M roofing manufacturing plant in Bryan
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Austin American-Statesman: Texas business groups to push Legislature for new corporate tax break program
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Dallas Morning News: Texas must pursue a new economic development to replace the one expiring on 2022
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Dallas Business Journal: Texas ‘won’t know the deals we lost’ if Chapter 313 isn’t replaced
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FOX 7 Austin: Semiconductor manufacturing facility considering expanding in Lockhart
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Austin Business Journal: Micron's plans for potential $80B semiconductor factory near Lockhart unveiled in incentives applications
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PWC: Texas Economic Development Ch. 313 program to sunset December 31, 2022
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The Texas Tribune: Texas House speaker says he’s confident Legislature will revive expiring corporate tax break program
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Austin Business Journal: Price tag, scope of Infineon's factory expansion plans revealed in incentives application
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Austin Business Journal: Samsung may flood area with more factories
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Austin Business Journal: Bill filed to bring back Chapter 313 tax abatements
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Fort Worth Star-Telegram: Abbott uses Arlington as example of Texas’ strong economy, which could surpass Italy’s
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Fort Worth Report: Fort Worth signs on to push for new incentives to recruit companies to Texas
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Rio Grande Guardian: Patridge: Texas needs to restock its economic development toolbox
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Chamber Op-Eds​
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Rowlett Area Chamber: The time to secure Texas’ future is now
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Longview Chamber: Creating future investment opportunities critical for East Texas
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United Corpus Christi Chamber of Commerce: Texas has the chance to strengthen economic development
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Abilene Chamber of Commerce: Supply chain crisis or opportunity?
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Supporting Chambers
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