Texas Governor Greg Abbott received a Governor’s Cup from Site Selection Magazine for the number of qualified capital investment projects occurring in the state, the governor’s office announced on Wednesday.
This marks the 11th consecutive year that Texas has received a cup and the 19th time in the history of the award.
Kansas Governor Laura Kelly also earned her state a Governor’s Cup for the highest rate of capital investment projects per capita.
In order for an investment to be counted in the race for a Governor’s Cup, the project must include “a minimum investment of $1 million, creation of 20 or more new jobs or 20,000 square feet or more of new construction,” according to Site Selection.
Texas had a total of 1,028 capital projects in 2022, more than double the runner-up, Illinois, which only had 487.
“I am proud to again accept the Governor’s Cup recognizing Texas as the nation’s leader in attracting job-creating business investments,” Governor Abbott explained in a press release sent to The Dallas Express.
“Texas truly is America’s economic engine, and we stand apart as a model for the nation. When choosing where to relocate or expand their businesses, more and more innovative industry leaders find themselves at home in our state,” the governor related.
He added, “I congratulate the exceptional economic development teams at the local, regional, and state level who have worked so diligently to attract and retain these growing businesses and the jobs they create in diverse communities across this great state.”
“Today, as we celebrate 11 years of excellence with another Governor’s Cup win, we look to the future,” Abbott concluded. “Working together, we continue to build the Texas of tomorrow.”
Texas has experienced historic growth, as a year-end review by the U.S. Census Bureau found that Texas led the nation as a destination for domestic migration, as reported by The Dallas Express.
Gov. Abbott’s press secretary, Andrew Mahaleris, explained to The Dallas Express, “Texas remains number one because people and businesses are choosing our state over any other for the unmatched competitive advantages we offer: no corporate or personal income taxes, a predictable regulatory climate, and a young, growing, and skilled workforce.”