AUSTIN, Texas — “I am extremely pleased to welcome the expansion of National Instruments in Austin,” Rep. Elliot Naishtat said. “High tech industries have contributed significantly to Austin’s vibrant economy, and this expansion is a recognition of Austin’s highly skilled workforce."
The Legislature created the TEF in 2003 and has re-appropriated funding in every legislative session since then to help ensure the growth of Texas businesses and create more jobs throughout the state. TEF projects must be approved by the governor, lieutenant governor and speaker of the House. The fund has since become one of the state’s most competitive tools to recruit and bolster business. To date, the TEF has invested more than $497.8 million and closed the deal on projects generating more than 67,300 new jobs and more than $18.7 billion in capital investment in the state.