Tag Archives: Plano

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Show us the money, governor

Give credit it is due to Texas Gov. Rick Perry.

He lured a massive corporate operation from California to Plano, a Dallas suburb. Perry also danged about $40 million in front of Toyota to make the move halfway across the country.

That’s 40 million public dollars, yours and mine.

However, the governor is acting as if the public doesn’t deserve to know the details of the transaction.

http://www.texasobserver.org/rick-perry-seeks-keep-details-toyota-incentives-secret/

He’s keeping the financial incentives secret.

Wait a minute, governor. That’s our money, isn’t it? I know you’re a man of means, but you didn’t write a personal check to the Toyota honchos, did you?

The governor’s office has gotten Freedom of Information requests from the Texas Observer and the Houston Chronicle. The idea is that since it’s public dough, the governor owes it to, um, the public to explain the incentive package that went to Toyota in the public’s name.

Perry’s office has declined the request, saying that revealing the details would reveal to competing states Texas’s economic strategy and enable them to sweeten deals that might lure prospective companies away from here.

The Observer’s Forrest Wilder reports: “Perry’s attorneys argue that releasing any information before the deal is finalized ‘would seriously disadvantage Texas by allowing other states to directly approach this entity with competing incentives.’”

Still, the governor isn’t messing with his own money. It’s ours and the governor should tell us what he’s doing with our money.

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Texas pulls in a big 'fish'

Score one for Texas.

Toyota announced that it is moving its U.S. headquarters from California to a site in Plano, just north of Dallas. The move means an estimated 3,000 job are coming to the Metroplex.

Texas Gov. Rick Perry is touting the state’s business-friendly environment as a reason for the move. Even though I’ve been critical of the governor’s job-poaching forays into other states, I do commend him — and the state — for creating circumstances that attract high-dollar companies, such as Toyota, to set up shop in the Lone Star State.

http://www.texastribune.org/2014/04/29/texas-touts-lighter-regs-wooing-california-firms/

Texas has no state income tax. It doesn’t place burdensome regulations on businesses. The cost of living in Texas is significantly lower than many other states, such as California. You can get much better housing for the money here than you can in California and that has to be a huge selling point for prospective employers.

However, as the Texas Tribune reports, wages in Texas are lower than they are in other states. We are a “right-to-work” state where unions aren’t particularly strong.

I hasten to note that many of these aspects about doing business in Texas are well-known to Fortune 500 companies throughout the world. Thus, Gov. Perry did not need to venture to California or other so-called “high tax” states to poach jobs.

Still, the news about Toyota is good for Texas and it likely will signal a huge wake-up call to California and other states to do a better job of keeping their own businesses.