Tribpedia: Economy

With a civilian labor force of more than 12 million and a gross state product of $1.22 trillion in 2008, Texas has the second largest economy in the United States and the 15th largest in the world. The Federal Reserve Bank of Dallas is one of many agencies that keeps track. The state comptroller stays up with key statistics.

Paul McGuire, with the federal Bureau of Land Management, speaks with landowners in Clay County on April 28, 2014.
Paul McGuire, with the federal Bureau of Land Management, speaks with landowners in Clay County on April 28, 2014.

Red River Landowners Take Battle with Feds to Court

Tired of waiting on lawmakers and bureaucrats to clear up their limbo, a group of North Texans has turned to the courts in an effort to reclaim thousands of acres of ranch and farmland along the Texas side of the Red River. 

Prop 1 signs posted along the Adaptive Sports and Recreation facility on West Grey in Houston, TX for the November 2015 election. Photo by: Shelby Knowles
Prop 1 signs posted along the Adaptive Sports and Recreation facility on West Grey in Houston, TX for the November 2015 election. Photo by: Shelby Knowles

No Evidence Yet of Backlash to Houston HERO Vote

After it became clear that Houston’s non-discrimination ordinance would be trounced at the polls, Houston Mayor Annise Parker said she feared a “direct, economic backlash” for the city. So far, there's no visible evidence of one.

The Japanese Shinkansen is a high-speed trail used by JR Central in Japan. A private company is planning to build a rail line between Dallas and Houston using the same trains.
The Japanese Shinkansen is a high-speed trail used by JR Central in Japan. A private company is planning to build a rail line between Dallas and Houston using the same trains.

Firm Claims Bullet Train Will Have $36 Billion Impact

The private firm trying to build a bullet train between Dallas and Houston has released a study claiming it would pump more than $30 billion into the state economy over the next 25 years. 

A bridge to Mexico that is near the busy downtown Laredo shopping area is shown on Nov. 5, 2011.
A bridge to Mexico that is near the busy downtown Laredo shopping area is shown on Nov. 5, 2011.

Plummeting Peso Hurting Border Economy

The Mexican peso is well below its exchange rate against the dollar compared to a year ago, and store owners on the border are bracing for a prolonged drought of Mexican shoppers. In some cities that could mean a loss of up to 45 percent of business.

Senators Jane Nelson, R-Flower Mound, Juan Hinojosa, D-McAllen and Craig Estes, R-Wichita Falls, listen to DPS Director Steve McCraw testify Dec. 1, 2014 at the Legislative Budget Board meeting at the State Capitol.
Senators Jane Nelson, R-Flower Mound, Juan Hinojosa, D-McAllen and Craig Estes, R-Wichita Falls, listen to DPS Director Steve McCraw testify Dec. 1, 2014 at the Legislative Budget Board meeting at the State Capitol.

Senate Tax Cut Plan Draws Criticism

There's a lot of ways you can spend $4.6 billion in tax cuts, and the Senate Finance Committee learned Wednesday that a wide range of special interest groups think the current proposal could use some work.

Elon Musk, the CEO and of SpaceX and Tesla Motors, spoke at the Texas Transportation Forum in Austin on Jan. 15, 2015.
Elon Musk, the CEO and of SpaceX and Tesla Motors, spoke at the Texas Transportation Forum in Austin on Jan. 15, 2015.

Musk: Texas a "Leading Candidate" for Hyperloop Track

Entrepreneur Elon Musk said Thursday that Texas is in the driver's seat for a test track for a transportation system known as the Hyperloop. He also said that a SpaceX facility wouldn't have been built in Texas without economic incentives.

Keller ISD Superintendent Randy Reid spoke during an Aug. 11, 2014, town hall meeting, where attendees debated whether to put a $175 million bond up to Keller ISD voters in the general election.
Keller ISD Superintendent Randy Reid spoke during an Aug. 11, 2014, town hall meeting, where attendees debated whether to put a $175 million bond up to Keller ISD voters in the general election.

Series: Bypassed by the Miracle

Check out Bypassed by the Miracle, our seven-part series on the people and communities that have missed out on Texas' economic success or are finding that it comes at a price.