Three Decades of Growth and Prosperity: The Impact of Projects Facilitated by the Texas Sales Tax for Economic Development
Report Published on August 13, 2020Texas has been one of the strongest performing states in the US for a number of years, attracting more major corporate locations and expansions than any other and regularly topping lists of the best places to do business. As examples, the state has won the "Governor's Cup" for the most major projects for the past eight consecutive years and was recently named the "State of the Decade" by Site Selection magazine.
- Tags:
- sales tax,
- manufacturing,
- economic development,
- Texas
The Economic and Fiscal Benefits of The University of Texas Health Science Center at Tyler and UT Health East Texas
Report Published on July 22, 2020Through their joint mission of providing top-quality health care and training for medical professionals, The University of Texas Health Science Center at Tyler (UTHSCT) and UT Health East Texas (UTHET) generate a substantial increase in business activity and benefit the entire region in multiple ways. In addition to providing care for tens of thousands of patients each year, they provide jobs, procure needed goods and services, prepare health professionals (many of whom remain in the area), and conduct meaningful research, resulting in significant economic benefits.
- Tags:
- hospital,
- Tyler,
- medical school,
- health,
- University of Texas
An Assessment of the Impact of the American Invents Act and Patent Trial and Appeal Board on the US Economy
Report Published on June 25, 2020Innovation has long been recognized as the key factor supporting US economic growth and competitiveness. A critical element of the infrastructure facilitating product development and commercialization is the system that protects intellectual property and encourages its widespread adoption and implementation. The current framework that facilitates this process includes the Leahy-Smith America Invents Act (AIA) and the Patent Trial and Appeal Board (PTAB). The AIA and PTAB reduce the need for and cost of patent litigation, reducing transaction costs and generating many substantial economic benefits.
The Potential Impact of a Comprehensive Nondiscrimination Act on Business Activity in Texas
Report Published on May 27, 2020Discrimination in employment, housing, and access to public places such as restaurants, hotels, and shops leads not only a loss of dignity and opportunity for those on the receiving end of such treatment, but also involves significant economic costs stemming from both a diminished ability to attract knowledge workers and reduced opportunities for tourism, conventions, and related activity. In the aftermath of the COVID-19 pandemic, these issues become even more important. Competition for quality development will markedly intensify as various states and countries seek to revitalize their economies, and firms employing highly trained workers will expand their emphasis on social governance and community environments. Similarly, as the tourism and hospitality sector seeks to rebound from the massive losses from recent restrictions, the efforts to attract major events and promote local venues will escalate notably. Comprehensive Non-Discrimination Acts (CNDAs) can help reduce discrimination and send a definitive signal that an area will not tolerate such practices in the workplace, public venues, and other settings.
- Tags:
- discrimination,
- nondiscrimination,
- CNDA,
- tourism,
- LGBTQ,
- technology
Keeping it Together: Preserving the Permian Basin Energy Sector and the Odessa Economy through the COVID‑19 and Related Oil Market Challenges
Report Published on May 15, 2020The Permian Basin is among the most important oil-producing regions in the world. Drilling and production and the necessary supporting industries generate business activity not only in the region, but across the state and the nation. In order to be in a position to fully take advantage of future opportunities, it is imperative that the underlying capabilities remain in place - the workforce, the infrastructure, the supply chain, the equipment, and the community support systems. Given the current situation, maintaining this viability requires immediate action from governments at all levels and the private sector.
- Tags:
- energy,
- coronavirus,
- COVID-19,
- Permian Basin,
- oil
The Market for Prosperity: What Every Community Needs to Know to Optimize Economic Development
Report Published on October 09, 2019In the contemporary world of instant global communication, immediate information exchange, and multiple modes of rapid transportation, the process of choosing sites for new or expanded activity has become increasingly complex and sophisticated. Although some of the basic premises have remained unchanged since the earliest civilizations, the evolving nature of the economy is transforming the process of economic development.
- Tags:
- economic activity,
- firms,
- geographic,
- markets,
- commerce
Priority Midland by the Numbers: An overview presentation
Report Published on August 08, 2019Midland stands at the epicenter of an economic phenomenon of global importance which has created an enormous opportunity for the area. With proactive efforts, Midland can prepare for the challenges ahead and ensure the opportunities associated with oil and gas and related activity benefit the full community.
Economic Benefits of Expanding Health Insurance Coverage in Texas
Report Published on March 29, 2019Texas is one of only 14 states choosing not to expand health insurance coverage to low-income adults using the financially attractive mechanism created with passage of the Affordable Care Act (ACA) in 2010. Almost 1.5 million Texans would immediately become eligible for expanded coverage, according to analysis by the Kaiser Family Foundation.
- Tags:
- ACA,
- health insurance,
- Affordable Care Act
The Economic Benefits of Texas Nonprofit Entities
Report Published on January 29, 2019Nonprofit establishments improve lives, communities, and society as a whole. These entities offer a variety of services and include hospitals and other health care providers, schools and universities, art museums, and many other types of operations. Not only do these organizations provide important services that enhance quality of life and societal wellbeing; they also generate substantial economic benefits through their operations and the associated multiple rounds of activity through the economy.
- Tags:
- philanthropy,
- museum,
- nonprofit,
- healthcare,
- school
The Origins of Ongoing Opportunity: The Economic Benefits of Higher Education Institutions in the Dallas‑Fort Worth Area
Report Published on January 04, 2019A trained workforce is essential to growth in any economy. In the current environment of growing complexity in business operations of virtually all types, quality education is increasingly important from both the individual's and the employer's perspectives.
- Tags:
- higher education,
- education,
- Fort Worth,
- Dallas