Texas Rising March/April 2009

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.

City Business Name Type of Business Type of Project New
Jobs
Coppell American Home Mortgage Servicing Inc. Provides mortgage and loan services Moving headquarters, call center and data center operations from Irving to Coppell in June. Up to 900 within three years
Orange/Port Arthur Signal International Marine and fabrication company $50 million contract with Noble Corp. to upgrade offshore drilling ships. 200-300
Dallas Advanced H20 LLC Bottled water maker Signed 15-year lease to occupy 313,040 square feet within Dallas Logistics Hub. 100
Fort Worth Entech Solar Inc. Solar technology company Moved corporate headquarters from Ewing, N.J. to Fort Worth. N/A
Grand Prairie Farley’s & Sathers Candy Co. Makes Fruit Stripe gum and Now and Later candies Leased a 1-million-square-foot warehouse from Duke Realty Corp. for a national distribution center. Up to 50 people
Lubbock Lubbock Economic Development Alliance (LEDA) City-appointed economic development corporation LEDA voted to acquire additional land for future development northeast of Lubbock Preston Smith International Airport. N/A
Harlingen Veteran’s clinic Medical care Boyer Harlingen LC to build new 120,000-square-foot clinic at cost of $40 million N/A

Sources: Office of the Governor, Economic Development and Tourism Division; Texas A&M University’s Real Estate Center.

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

Liquid Assets

Liquid Assets: The State of Texas’ Water Resources

A new report by the Comptroller’s office, Liquid Assets: The State of Texas’ Water Resources, examines Texas’ current and future water resources, the practical and policy barriers facing local and statewide water planners and possible funding mechanisms that could be tapped to develop Texas’ water resources.

Texas’ water resources are diverse and ever changing, since they are based upon climatic and demographic fluctuations. Drought is an ever-present concern in many parts of the state, leading to pressure on our water supply. Texas’ population is growing at nearly twice the national rate and it is estimated that by 2060 there will be more than 46 million people living in Texas. According to the Texas Water Development Board, demand for water will increase 27 percent by 2060. If demand is not met, it could cost businesses and workers in the state approximately $9.1 billion per year by 2010 and $98.4 billion per year by 2060.

Liquid Assets is available on the Comptroller’s Web site at www.window.state.tx.us/specialrpt/water. To request a printed copy, please call the Comptroller’s Research and Analysis Division at (800) 531-5441, ext. 5-0332.


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 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.