This week is Economic Development Week in Texas
Gov. Greg Abbott has declared this week as Economic Development Week in Texas.
On April 23, Abbott declared that May 12-16 will be Economic Development Week in Texas to recognize the role that economic development organizations play in the state's economy, workforce and quality of life.
Economic development organizations look to support economic expansion in an area particularly looking to bring in companies, train and expand workforce opportunities and can work either independent from or within local, regional or state governments. The U.S. Economic Development Administration recognizes over 40 in the state of Texas.
More: City of Austin, Chamber of Commerce host events for Small Business Week
'The key to Texas' unrivaled success in economic development is teamwork," Abbott said. "It takes a collaborative effort from organizations across the state to attract new businesses, investments, and jobs, as well as help existing Texas companies grow. By working together with all of our economic development partners across the state, we will build a stronger, more prosperous Texas for generations.'
Abbott released a five-year statewide economic development strategic plan coined, "Bigger. Better. Texas.", outlining a blueprint for economic expansion and job creation. The plan has four main goals:
Establishes a unifying vision for the future of our Texas economy.
Identifies new target industry sectors and clusters expected to drive strategic economic growth and job creation.
Outlines objectives and initiatives to advance the state's global competitiveness.
Provides data and recommendations to inform economic development decisions across the state.
This article originally appeared on Austin American-Statesman: Abbott proclaims this week as Economic Development Week in Texas
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