, also known as the Texas Jobs & Security Act, would provide Texas with a critical economic development tool to create additional jobs, investments and tax revenue, keeping the state competitive in drawing businesses to relocate or expand here. Under House Bill 5, the incentives would be targeted and temporary in attracting large-scale, capital-intensive projects related to the manufacturing, national security and energy infrastructure industries.
"With so much job growth happening in our state, it's also important that we have the necessary avenues that foster workforce development to keep up with demand," Phelan said in a statement."I look forward to working with my colleagues in the Texas House on discussing these three legislative proposals in the coming weeks and passing them out of our chamber."
Phelan's office said additional legislative priorities of the Texas House will be announced in the coming days.