by Before ringing the closing bell of the New York Stock Exchange at AT&T Stadium on Wednesday, Governor Greg Abbott praised Texas’ business-friendly policies while flanked by Dallas Cowboys cheerleaders, corporate executives, exchange officials, and Cowboys owner Jerry Jones.
When the Chicago Stock Exchange formally moved to Dallas at the end of March, the exchange’s Texas branch opened, capping 143 years in the biggest Illinois city.
Earlier in August, the Texas Workforce agency announced that Bryan Daniel, its chairman, would be leaving the agency to become the head of NYSE Texas. Daniel was on Abbott’s senior staff before taking the helm of the Texas Workforce Commission.
Before ringing the bell, Abbott remarked of Texas, “This is the home of the economy.” In the future, financial transactions will take place there. Instead of Wall Street, it will be Y all Street.
According to the governor of Texas, the state should keep implementing measures that attract firms and businesses.
Prior to Wednesday’s market close, he stated, “We must continue to pursue our vision.” Adopting policies that will continue to draw and expand businesses in the state is essential to our future vision.
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Along with plans to launch a second Texas Stock Exchange, Abbott has boasted that the exchange is an indication of Texas’s economic health. Early next year is when the Texas Stock Exchange is expected to begin.
Another exchange, the Nasdaq, declared in a press statement in March that it will establish its own regional headquarters in Dallas. According to the statement, Nasdaq already has about 800 Texas-based customers.
“The exchanges do speak to the business allure of Texas,” Bulent Temel, a professor of economics at the University of Texas at San Antonio, told the Texas Standard in February.
He told David Brown, presenter of the Texas Standard, “It’s definitely a testament to the Texas economy’s overall attractiveness.” The United States, the largest economy in the world, has had a highly strong and dynamic state economy, which attracts a lot of attention.
Before ringing the closing bell, Abbott also took advantage of the chance to pitch to any companies that were not already headquartered in the Lone Star State.
“Come to the Lone Star State of Texas if you want to live in a state with lower taxes,” he urged.
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