Governor Greg Abbott announced today that the Texas delegation will lead a business development mission to Europe from September 26-29 to meet business leaders from London, the United Kingdom, Paris, France and the Frankfurt, Germany region, and Host an event that showcases Texas as the best state in America to do business.
The Texas delegation includes Texas First Lady Cecilia Abbott, Texas Secretary of State John Scott, Governor Adriana Cruz, Executive Director of the Texas Office of Economic Development and Tourism, and President of the Texas Economic Development Corporation and CEO Robert Allen and a dozen others from economic development leaders across the state.
“Texas is truly a magnet for innovative industry leaders,” Governor Abbott said. “As the top state for attracting job-creating global investment and home to more Fortune 500 headquarters than any other state, Texas offers unparalleled operational advantages—a business-friendly environment and a young, diverse , a skilled and growing workforce. In addition to easy access to global markets, strong infrastructure and transportation networks, predictable regulations, and overall economic strength, Texas has created a state where businesses can thrive, Texas A framework in which people can prosper. I thank the First Lady, Secretary Scott, our economic development team, and all members of the Texas delegation for representing the great state of Texas, and I look forward to welcoming many more new Jobs and more new business investment coming to the Lone Star State.”
The United Kingdom, France, and Germany are Texas’ major trading partners and have one of the Lone Star’s largest foreign direct investment programs. Shared industry strengths include aerospace, manufacturing, pharmaceuticals, information technology, and more.
Over the past decade, global investments in Texas include:
- British companies reported 341 investment projects in Texas, expected to generate $5.5 billion in capital investment and more than 14,500 new jobs;
- French companies reported 85 investment projects in Texas, expected to generate $5.9 billion in capital investment and more than 7,000 new jobs; and
- German companies reported 154 investment projects in Texas, expected to generate $9.8 billion in capital investment and more than 12,600 new jobs.
Business Development Tours are sponsored and paid for by the Texas Economic Development Corporation.