Gov. Rick Perry announced Emerson Process Management plans to expand one of its major facilities in Houston, creating 126 new jobs and $9.5 million in capital investment. The state is providing $1 million through the Texas Enterprise Fund (TEF) to close the deal on this project.
"From small businesses to major multinational corporations like Emerson, employers know Texas offers them the best chance at success through our low taxes, predictable regulations, lawsuit abuse reforms and skilled workforce," Gov. Perry said. "Emerson's expansion is great news for hardworking Texans and the city of Houston."
The TEF is supporting the next phase of growth for Emerson Process Management's new Americas headquarters for valve automation technology and its new manufacturing facility that currently employs 175. This facility serves as a center of excellence for valve automation engineering and manufacturing expertise, while providing a showroom where customers can work directly with Emerson employees to develop solutions and improve products.
"We are thrilled to expand our footprint in the Houston community," David Plum, president of Emerson Process Management's valve automation business, said. "Our history in Texas dates back to 1929 and this area remains critical to our growth plans and service level commitments."
"The Greater Houston Partnership congratulates Emerson Process Management on the opening of its valve automation Americas headquarters in Houston, as well as the expansion of its new state-of-the-art manufacturing and distribution facility," Greater Houston Partnership President and CEO Bob Harvey said. "With its more than 1,000 employees in Houston, Emerson is a key partner in strengthening our region's extraordinarily dynamic growth and quality of life. GHP is proud to partner with Emerson and other national and international companies in creating high-paying jobs, a skilled workforce and economic prosperity for Houston."
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 nearly $486 million and closed the deal on projects generating 67,131 new jobs and more than $20.1 billion in capital investment in the state. More information about the TEF.