Austin —The Texas Association of Business (TAB) today thanked the Texas Legislature for passing major pro-business legislation, SB 8, which appropriates the funds designated for Texas in the American Rescue Plan Act (ARPA). SB 8 allocates $7.2 billion to replenish the Unemployment Compensation Fund and $500.5 million to broadband expansion, two of TAB’s priorities. The bill now heads to Governor Abbott’s desk for his signature. “We are grateful to legislative budget chairs, Senator Jane Nelson and Representative Greg Bonnen, and Lt. Governor Patrick and Speaker Phelan for their leadership in passing a lifeline to businesses,” said TAB CEO Glenn Hamer. “We also thank Governor Abbott for placing this vital issue on the special session call and working alongside the private sector throughout the pandemic. Employers were on the brink of footing the bill for pandemic related layoffs. Using ARPA funds to replenish the unemployment compensation fund protects businesses from facing increases in unemployment taxes.” TAB is the voice for Texas businesses, representing more than 1,500 members and 200 local chambers. United to protect the business-friendly climate, TAB works on the frontlines, in a bi-partisan manner, to deliver real solutions that promote economic development in Texas. Follow TAB on Facebook, Twitter, and LinkedIn.
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