From the Texas Enterprise Fund, that is -- otherwise known as the state's "deal-closing fund" intended, in part, to bring new bidness to Texas. The governor was in Richardson earlier today to announce the state's "investing" $2.45 million in Virtual Computing Environment Company, a Cisco-created cloud-computin' company that's building a new corporate HQ in Richardson. Says the release from Perry's office, the $2.45 mil will lead to "at least 434 local jobs and generate an estimated $35 million in capital investment."
"Communities like Richardson continue to attract jobs and fuel our state's diverse economy thanks to investments from the Texas Enterprise Fund that help attract companies like VCE," said Perry. "Texas's low taxes, reasonable and predictable regulatory climate, fair legal system and skilled workforce have made the Lone Star State a beacon for job creation and economic growth, and strengthening these principles will help ensure our continued success."
Today's announcement comes just days after the governor said the TEF was kicking in $2.1 mil to move Golden Living's retirement-home HQ from Arkansas to Plano. Said Thursday's announcement: "This investment will create 100 high-paying jobs with an average salary of $150,000, and generate an estimated $8.4 million in capital investment."
Keep the Dallas Observer Free... Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Dallas with no paywalls.