On behalf of the Greater Waco Chamber of Commerce’s Public Policy Committee, we are alerting our Greater Waco Chamber membership to support HB 5 – The Texas Jobs, Energy, Technology and Innovation Act. HB 5 establishes a modern, transparent and competitive tax incentive program designed to attract large-scale businesses engaged in advanced manufacturing and healthcare sectors that are critical to our national security and infrastructure development to Texas.
By supporting HB 5, you can help:
- Make Texas a national and international leader in new and innovative technologies
- Ensure Texas’ economic security
- Provide additional grid reliability
- Promote technological and manufacturing independence
- Create new capital investment opportunities for Greater Waco
As of May 23, HB 5 received overwhelming support and passed in the Texas House of Representatives. The bill was passed favorably out of the Texas Senate’s Business and Commerce Committee and is awaiting a scheduled vote on the Texas Senate floor.
The Greater Waco Chamber Public Policy Committee is urging our fellow Chamber members to take action and support HB 5. We encourage you to directly reach out to our Greater Waco Delegation in the Texas Senate to voice your support for this critical legislation.
Please share your support for HB 5 with our Greater Waco Delegation!
Greater Waco Delegation:
Sen. Brian Birdwell (SD-22)
brian.birdwell@senate.texas.gov
(512) 463-0122
The Benefits of HB 5 for Greater Waco:
Greater Waco has enjoyed significant business growth in recent years. Since 2018, 45 projects have been announced across urban and rural communities, including 19 local business expansions and 26 new businesses choosing Greater Waco as their home.
Together these projects bring with them:
- Nearly 4,000 new jobs
- $2.5 billion in new taxable investment
- 7.5 million square feet of real estate development, the majority of which is new construction.
Of these projects, 39 of the 45 engaged in some form of incentive activity. Simply put, we would have lost some of these projects without the right economic development tools. HB 5 ensures our economic development team has the creative tools necessary to remain competitive in attracting new projects to the greater Waco region.
Thank you for your support of HB 5.