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.

State's Economic Forecast a Mixed Bag

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The comptroller's office announced Friday in its latest financial update that while the state will have more money in its coffers than previously thought, uncertainty about global economic strains could hurt Texas' two main money makers: energy and exports.

Texas Grappling With Panama Canal Expansion

A massive expansion of the Panama Canal will double the capacity of its trade route by 2014. As Andy Uhler of KUT News reports, it will likely mean a significant increase in freight traffic for Texas, which is looking at how to accommodate the extra boats, trucks and trains set to travel through the state.

Commercial Benefits of College Research Touted

Two House committees held a joint hearing today to explore how scientific research at universities can be commercialized for the benefit of businesses and the state economy. They heard testimony from the state's leading research universities.