How Texas can improve its chances for post-pandemic economic recovery
2 Jul 2020
Texas’ pro-business climate has made it an ideal place for investment. Powered by the oil boom, technology and life sciences, our economy topped more than $1.9 trillion in the fourth quarter, according to the Bureau of Economic Analysis, making it among the largest economies of the world.
As recently as December 2019, our statewide unemployment rate, according to the Texas Workforce Commission, was at an all-time low of 3.4%. Naturally, we assumed that all was well and that we could simply grow our way out of any problems that might come up. Our complacency, and, at times, our willingness to put politics before pragmatism, was a privilege of affluence.