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AUSTIN — Gov. Greg Abbott praised Texas’ strong economy with a record unrivaled by other states, saying the state will continue to attract both large and small businesses in 2024.
“Texas leads the nation’s economy because we move at the speed of business,” Governor Abbott said. “This year, I launched two new state initiatives to further promote economic growth and job creation: the Texas Space Commission and the Governor’s Small Business Freedom Council. Best State Business Award, Gold Winner of numerous awards, including the Shovel Award and the Governor’s Cup, we partner with Texas businesses to provide Texas with globally competitive and cost-effective financial tools. Demonstrates investment in the future. Drives success and innovation. Texas, the world’s eighth-largest economy, will continue to reduce government regulations that prevent businesses from thriving in 2025.
Highlights of Texas’ 2024 Economic Development Initiatives:
Governor Abbott launches Texas Space Commission
In the spring, Governor Abbott launched the Texas Space Commission and appointed the first members of the Texas Space Commission Board of Directors and the Texas Aerospace Research and Space Economics Consortium (TARSEC) Executive Committee at NASA Johnson Space Center.
“As we look to the future of space, one thing is clear: those who reach for the stars will come from the great state of Texas,” said Governor Abbott. “Now, with the Texas Space Commission, our great state will have a group charged with making the next generation of human space exploration a reality. We are innovating technology to colonize new planets.
The Texas Space Commission strengthens Texas’ proven track record in civil, commercial, and aerospace activities by fostering innovation in the areas of space exploration and commercial aerospace opportunities, including the integration of space, aviation, and the aviation industry into the Texas economy. We are working to strengthen our leadership. The Commission is governed by a nine-member Board of Directors, which also administers the Space Exploration and Aeronautics Research Fund, which was legislatively created to provide grants to eligible organizations.
Learn more about the Texas Space Commission.
