Abbott speaks at McAllen small business summit
A Texas governor’s office press release says Abbott used a small business summit in McAllen to highlight the state’s jobs growth, budget surplus and new property tax changes.
Governor Greg Abbott told a McAllen summit that Texas’s small businesses are central to the state’s economy and recent tax changes will aid them.
Gov. Greg Abbott spoke at the Governor’s Small Business Summit in McAllen on Aug. 10, according to a press release from the Office of the Texas Governor in Austin. The release said Abbott praised small businesses, tied Texas’s economic performance to pro-business policies and discussed property tax changes he signed into law the day before.
The governor’s office said Abbott addressed more than 250 current and aspiring small business owners. McAllen Mayor Javier Villalobos and other state and local business leaders also took part in the event, the release said.
Abbott said Texas remains the “Best State for Business” and the nation’s top state for small business job growth, according to the release. He tied that performance to efforts to cut red tape and invest in workforce development.
The governor’s office said the summit is meant to connect small business owners and aspiring entrepreneurs with resources and information to help them start, strengthen and grow a business. The release also said Texas has 3.1 million small businesses, that they make up more than 99% of all businesses in the state and that they employ nearly half of working Texans.
The event came a day after Abbott signed what the release called Texas’s historic property tax cut into law. The governor’s office said the new laws will increase Franchise Tax exemptions for small businesses and raise appraisal caps for them as well.
According to the press release, Abbott thanked the Office of Economic Development and Tourism for organizing events that let business owners hear from experts and access tools and resources.
No additional policy details were included in the press release about when the tax changes will take effect or how many businesses could qualify for the higher exemptions and caps.
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Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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