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Foundation Past Projects & Reports
Texas Competitiveness & Resiliency Strategy - August 2023
The TABCCF secured a U.S. Economic Development Administration grant to assess Texas' economic competitiveness and supply chain resilience. Collaborating with TIP Strategies, Inc. and a statewide steering committee, we conducted stakeholder engagement and data analysis, resulting in the Texas Competitiveness and Resiliency Strategy. This strategy provides practical data and recommendations for regional enhancement, focusing on talent development, infrastructure, toolkit establishment, and sector-specific actions.
Considering relocation? Texas boasts the 9th largest global economy, a population of 30 million, rapid growth, and extensive connectivity with Mexico. These factors make Texas an ideal choice for operational expansion.
Read more about this project here.
U.S. Mexico Correspondent Banking - April 2022
Correspondent banking, crucial for global financial activities, faces challenges due to excessive regulation under outdated Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) standards. This has led to market consolidation, higher costs, and reduced choices, impacting legitimate economic activity. The Texas Association of Business, in collaboration with Dr. Robert J. Shapiro, former Under Secretary of Commerce, analyzes the U.S.-Mexico correspondent banking relationship for its impact on both nations' commercial and geopolitical ties.
Read more about this project here.
Global Intangible Low-Taxed Income (GILTI) - September 2021
Congress is contemplating a substantial tax proposal that would dramatically raise the Global Intangible Low-Taxed Income (GILTI) rate. This could have severe repercussions for the Texas economy, especially as it recovers from the pandemic. The proposed changes to GILTI, a minimum tax on U.S. multinational corporations' foreign earnings, may result in the loss of up to 107,000 jobs in Texas, considering the impact on U.S. MNCs and related economic activity. This information is based on a preliminary report by EY's Quantitative Economics and Statistics (QUEST) group and the Bureau of Business Research at the University of Texas at Austin, as commissioned by the Texas Association of Business.
Read more about this project here.
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