Governor Greg Abbott acknowledged the Texas Stock Exchange (TXSE) and the state’s economic milestones during a recent conference at the Governor’s Mansion in Austin.
Celebrated a milestone for the Texas Stock Exchange this morning.
Business is booming so much in Texas that we now have our own exchange traded fund.
The Texas Stock Exchange will ensure more businesses can succeed in our great state.#TXSE pic.twitter.com/kyZmoRlNSF
— Greg Abbott (@GregAbbott_TX) September 30, 2024
Governor Abbott said:
“Texas has become the home of capital in the United States. Today, our great state is staking claim as a home of capital markets with the addition of the Texas Stock Exchange. This is another step that expands our financial might in the United States and cements our economic power on the global stage. The Texas Stock Exchange will ensure that businesses have access to capital and that market participants have more choices. Texas is the modern embodiment of the American Dream, where everyone has an opportunity to succeed, and the Texas Stock Exchange will ensure even more businesses have that opportunity.”
The Governor was joined at the conference by TXSE Group Inc. Founder and CEO James Lee, former U.S. Secretary of Energy Rick Perry, Senator Tan Parker, Representative Giovanni Capriglione, Representative Morgan Meyer, and other business and community leaders.
Ensuring access to capital is vital, particularly for small businesses which are the lifeline of most local economies and nationally as well. By providing adequate resources through such initiatives, US states like Texas can not only ensure consistent business development but also help the job market in the long-term.
Texas’s new stock exchange may be a positive sign for the state’s economy and indicates steady growth of businesses and overall economic activity. Cities like Houston, Austin, Dallas, and San Antonio continue to attract innovative startups and established tech firms. Many excellent higher-education institutions, such as the University of Houston and the University of Texas at Austin, are now thriving as well.
