March 01, 2024

Texas Wins Governor’s Cup for Record-Breaking 12th Year in a Row

Round Rock Chamber’s President & CEO Attended Exclusive Event at Texas Governor’s Mansion Celebrating Texas’ Unprecedented Governor’s Cup Win

The Round Rock Chamber’s President & CEO attended prestigious event at the Texas Governor’s Mansion on March 1 to celebrate another achievement for the Lone Star State. Texas has secured the 2023 Governor’s Cup by Site Selection Magazine for an unprecedented 12th consecutive year, solidifying its status as the national leader in economic development.

The Governor’s Cup is awarded to the state with the highest number of qualified economic development projects in the nation. With records unmatched by any other state, this latest win recognizes Texas as the No. 1 state for attracting the most new and expanded business facility projects in 2023, with 1,254 total projects—more than twice the total for the second-ranked state. This win not only underscores Texas’ thriving economy but also highlights its attractiveness as a premier destination for businesses looking to expand or relocate.

“The Governor’s Cups recognize not only the winning governors, but their entire economic development teams, and by extension, the many professionals throughout their states who work every day to attract new investment and retain and grow existing businesses,” says Mark Arend, editor emeritus of Site Selection.

In addition to the state-level recognition, the Austin-Round Rock region was also ranked in the Top 10 for Top Metros Per Capita. This accolade further emphasizes the region’s exceptional economic vitality and underscores its position as a magnet for talent and investment.

For Round Rock, this achievement signifies not only Texas’ success but also the city’s integral role in driving economic growth within the region. With its strategic location, skilled workforce, and pro-business environment, Round Rock continues to attract businesses and investors, contributing to the overall prosperity of Central Texas.

“Texas moves at the speed of business,” said Governor Abbott. “By cutting red tape and burdensome regulations, and making strategic, continuing investments in infrastructure, education, and workforce development, Texas offers businesses the freedom to grow and Texans the tools to prosper. I am proud to again accept the Governor’s Cup from Site Selection magazine recognizing Texas’ dominance in attracting significant job-creating business investments. I congratulate the exceptional economic development teams at the local, regional, and state level who have worked so diligently to attract and retain these growing businesses and the jobs they create in diverse communities across this great state. Working together, we continue to build a bigger, better Texas for decades to come.”

The Round Rock Chamber congratulates Governor Abbott and the State of Texas on this remarkable accomplishment, and we look forward to continued collaboration to further strengthen the state’s economic landscape.

Click here to read Site Selection magazine’s full Governor’s Cup edition coverage.

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