Governor Greg Abbott recently lauded Texas’ robust economy with records unmatched by any other state, as Texas continues to attract both large and small businesses in 2024.
“Texas is the leading economy in the United States because we move at the speed of business,” said Governor Abbott. “This year, I launched two new state initiatives — the Texas Space Commission and the Governor’s Small Business Freedom Council — to further spur economic growth and job creation. Texas has also received numerous awards in 2024, including, Best State for Business, Gold Shovel Award, the Governor’s Cup, and more, showcasing Texas’ investment in our future by partnering with Texas businesses and providing globally competitive and cost-effective financial tools to drive success and innovation. As the eighth largest economy in the world, Texas will continue to slash government regulations that holds our businesses back from thriving in 2025.”
Texas Freedom Council
Governor Greg Abbott launched the Small Business Freedom Council to review government efficiency and sent a letter to Texas state agency heads directing them to provide recommendations to cut unnecessary government regulations.
“One of my priorities as Governor is to empower small business owners and entrepreneurs by providing the best environment for small business growth,” reads the letter. “To make it even easier for small businesses to operate in Texas, I am instructing the Office of Small Business Assistance in my Economic Development and Tourism Office to recommend the elimination of rules, fees, and regulations that create barriers to the success of our small businesses and entrepreneurs.”
Texas state agencies’ recommendations are due to the Governor’s Office by January 13, 2025. The Governor’s Small Business Freedom Council will review and provide a report for further action. source: Brownwood News
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