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:

• Ensures Texas' economic security

• Promotes technological and manufacturing independence 

• Creates new capital investments in our communities

• 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.