The number of state and local business incentive agreements has increased tremendously the past 30 years, with some studies estimating the annual amount of state and local spending on targeted economic development subsidies to reach $95 billion. This creates a race to incentives that generates a vicious circle of government offering increasingly more and businesses asking for ever bigger incentives.
Chuck DeVore’s Testimony Before the Texas House Committee on Homeland Security, Public Safety & Veterans’ Affairs | Protecting Texas Critical Infrastructure
Protecting Texas Critical Infrastructure Testimony of Chuck DeVore Senior Fellow, Chief National Initiatives Officer Texas Public Policy Foundation Chairman, members of the committee: thank you for the opportunity to testify. Texas’s electric grid, energy facilities, water systems, ports, and other critical infrastructure underpin our economy and national security. Disruptions cascade fast—as Winter Storm Uri and...