Gov. Greg Abbott made a case for the Lone Star State’s pro-business climate and growth on Thursday during a fireside chat at the New York Stock Exchange Summit, which was held in Houston.
With over 150 business leaders in attendance to hear his address, Abbott underscored Texas’ economic prowess and its welcoming environment for businesses of all sizes.
“People and businesses continue to move to Texas because we offer freedom and opportunities that you can’t get anywhere else, that includes freedom from government overreach, high taxes, and burdensome red tape,” said Abbott, according to a press release.
Abbott’s fireside chat at the summit emphasized several key aspects of Texas’ pro-business policies. He highlighted measures to protect businesses from regulatory hurdles, including the establishment of the Texas Business Court.
Moreover, Abbott noted the significance of the state’s largest tax cut in history, which allegedly injected $18 billion back into the pockets of Texans aiming to bolster economic growth, according to the governor’s press release.
“Texas will lead the way with an economy built to help innovators revolutionize our tomorrow,” Abbot said via X.
In recognition of Texas’ business-friendly environment, Abbott was honored with the NYSE Bull Award, an accolade he promptly renamed the “Longhorn Award” in homage to the state’s iconic animal.
During the fireside chat moderated by NYSE vice chairman John Tuttle, Abbott also addressed Texas’ ongoing efforts to fortify its power grid. In light of recent severe storms in North Texas and other regions, the governor reassured Texans of the state’s commitment to providing reliable power to businesses, underscoring the critical role of collaboration with the energy industry.
This was a timely topic for discussion, as 148,000 Dallas residents still did not have restored power as of Thursday after the recent set of severe storms that hit North Texas, as previously reported by The Dallas Express.
In a bid to assist Texans affected by the storms, Abbott encouraged residents to report damages to their homes or businesses through the designated portal at damage.tdem.texas.gov. Such reports facilitate the allocation of recovery resources and aid in determining eligibility for federal disaster assistance.