Texas Rising September/October 2008

TEXpansion

Businesses and industries are expanding their operations and building new facilities throughout Texas. Here is a sampling of recently announced expansions, tracked by the Office of the Governor, Economic Development and Tourism Division.

For more information, visit the Office of the Governor, Economic Development and Tourism Division or Texas A&M University’s Real Estate Center.

Texas State Parks: Natural Economic Assets

A new report by the Comptroller’s office provides an in-depth look at the economic benefits of Texas state parks.

The report, Texas State Parks: Natural Economic Assets, examines the economic impact of state parks. Each county with a state park averages almost $3 million in retail sales, $1.5 million in resident income and 59 jobs attributable to park visitors.

Rural state parks provide the counties in which they are located approximately 90 jobs out of every 10,000, attributable to park-related expenditures. Out-of-state visitors to Texas parks contribute $15.7 million in gross state product, $7.9 million in personal income and 288 new jobs to the Texas economy each year.

In researching the report, Comptroller staff visited state parks around the state, talked with local economic development and tourism officials, studied retail sales and other data and pored over recent economic analyses. The report demonstrates the favorable impact that the state parks have on the Texas economy and the positive returns the state receives on its financial investments to operate, maintain and preserve these parks.

View the report at www.window.state.tx.us/specialrpt/parks/ or call the Comptroller’s office at (800) 531-5441, ext. 5-0332, to request a free copy.


Tell Us Your Story!

E-mail us at texas.rising@cpa.state.tx.us.

We want to hear about your town’s economic development accomplishments. Whether you’ve landed a new employer or you’ve partnered with a university to train tomorrow’s work force, please tell us the unique solutions you’re using to create success in your community every day.