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Office of the Governor Texas Business Bulletin | February 2023 On March 1, 2023, Governor Abbott announced that Texas once again received the Governor's Cup, now for a record-shattering 11th consecutive year. The Governor’s Cup award is given annually by Site Selection Magazine to recognize the state with the most job-creating business relocation and expansion projects. This is the Lone Star State's 19th overall cup since the awards began in 1978—that's a new all-time record and the most in the nation. In 2022, there were 1,028 new projects announced in Texas—more than double the next highest state on the listing. These projects are expected to create more than $44.7 billion in capital investment and more than 35,000 new jobs. Last year's investments were announced across all regions of the state and throughout all types of Texas communities—large, small, urban, suburban and rural. The projects range broadly across the state's diverse industries—from advanced manufacturing (including EV, semiconductors and food processing) to online retail, financial services, tech, logistics, mineral refining, chemical manufacturing, natural gas production and more. Thank you to all of our community partners who assisted in gathering project information. For the full rankings and features, see Site Selection Magazine's article and also be sure to read the interview with Governor Abbott on his thoughts about this historic win for Texas!
On March 1, 2023, Governor Abbott announced that Texas once again received the Governor's Cup, now for a record-shattering 11th consecutive year. The Governor’s Cup award is given annually by Site Selection Magazine to recognize the state with the most job-creating business relocation and expansion projects. This is the Lone Star State's 19th overall cup since the awards began in 1978—that's a new all-time record and the most in the nation.
In 2022, there were 1,028 new projects announced in Texas—more than double the next highest state on the listing. These projects are expected to create more than $44.7 billion in capital investment and more than 35,000 new jobs. Last year's investments were announced across all regions of the state and throughout all types of Texas communities—large, small, urban, suburban and rural. The projects range broadly across the state's diverse industries—from advanced manufacturing (including EV, semiconductors and food processing) to online retail, financial services, tech, logistics, mineral refining, chemical manufacturing, natural gas production and more. Thank you to all of our community partners who assisted in gathering project information. For the full rankings and features, see Site Selection Magazine's article and also be sure to read the interview with Governor Abbott on his thoughts about this historic win for Texas!