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.

F1 Drivers to Start Their Engines in Unlikely Spot

One Texas economic program offers millions of dollars in incentives to draw in events such as Formula 1 racing.
One Texas economic program offers millions of dollars in incentives to draw in events such as Formula 1 racing.

Austin will be the epicenter of the auto racing world this month when its new, $400 million track — the Circuit of the Americas — hosts the first Formula One race in the United States since 2007. The city known for its hip counterculture may not be the first place you'd think of to host an F1 race, but planners are ready to prove they're up to the task.

Construction workers for the Mexican contracting company Coconao work on a segment of the new rail bridge that stands over the Rio Grande.
Construction workers for the Mexican contracting company Coconao work on a segment of the new rail bridge that stands over the Rio Grande.

Readying a Rail Bridge Over the Rio Grande

It has been more than 100 years since Texas and Mexico saw a new railroad line that spans both countries. That streak is set to end this year with the expected completion of the Brownsville West Rail Bypass International Bridge.

Bill Hammond is the CEO of the Texas Association of Business.
Bill Hammond is the CEO of the Texas Association of Business.

Guest Column: Wake Up — Schools Are Failing

Texas local school bureaucrats are not graduating enough of our students ready for college or career. We need to wake up, and wake up now, to the deeper truth that it is time to stop blaming the messengers. It is time to fix the problem.

September 14th, 2012: Texas Gov. Rick Perry with Colorado Gov. John Hickenlooper, discuss economic development at the Devner Metro Chamber Leadership Foundation's 2012 Leadership Exchange in Austin, Texas
September 14th, 2012: Texas Gov. Rick Perry with Colorado Gov. John Hickenlooper, discuss economic development at the Devner Metro Chamber Leadership Foundation's 2012 Leadership Exchange in Austin, Texas

Governors From Rival Parties and States Find Common Ground

At a time of bitter partisanship and fierce political competition, Republican Gov. Rick Perry and Democratic Colorado Gov. John Hickenlooper found rare common ground Friday at a meeting about economic development strategies.

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.

State 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.