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Susan Combs
 Texas Comptroller o Public Accounts
Rprhxs EmiDvpm A
 
January 12, 2009The Honorable Rick Perry, GovernorThe Honorable David Dewhurst, Lieutenant GovernorThe Honorable Thomas R. Craddick, Speaker of the HouseMembers of the 81st LegislatureLadies and Gentlemen:We are pleased to submit the
 Report of the Texas Economic Development Act 
tothe 81st Legislature, as required by sections 313.008 and 313.032 of the Texas TaxCode.This report assesses the progress of each property tax value limitation agreementin effect as of June 2008. The report also may be found on our Web site atwww.window.state.tx.us/ecodata/teda2008/.
We hope you will nd this report useful as you deliberate during the 2009
Legislative Session.Sincerely,Susan Combs
 
1
Texas Comptroller o Public Accounts
January 2009
A Report of the Texas Economic Development Act
Executive Summary
T 2001 xs Lgisur’s Hus Bi 1200, w x Cd Chpr 313 (h xs Emi Dvpm A), wssh disris  r w x prpry dvpm y rig  x rdi d  igh-yr imii  h p-prisd vu  h prpry r h mi d pris pri  h sh disri prpry x. T x rvuh sh disri rgs i his mr is susiy rpd hrugh h sh udig rmu. Furhrmr, i my ss sh disris hv gid pyms i iu  xs sd  h x svigs rud y h usiss rivig hx rk.HB 2994 d HB 3430, h pprvd y h 2007 Lgisur wih susiy idi gug, rquir h Cmpr-r  prpr  rpr “ssssig h prgrss”  h prpry x vu imii grm uhrizd y Chpr 313. Ahr 2007 i, HB 3693, pssd wih simir gug, u rquird h Cmprr’s rpr  ddrss ri rgy-rd prj yps.T rpr highighs sm impr issus h my  usu  gisrs d hrs, iudig:
•ofthe90approvedagreements(asofJune2008),25.6percentinvolvemanufacturing(23);67.8percentarerenewableenergyprojects(61);4.4percentareresearchanddevelopmentprojects(4);and2.2percentarenuclearenergyplants(2).•ofthe$40.98billioninestimatedinvestmentsintheprojects,44.7percentareinmanufacturing,28.0percentareinrenew 
- rgy, 6.1 pr r i rsrh d dvpm d 21.2 pr r i ur rgy ps.
•ofthe5,590estimatedjobsundertheChapter313agreements,77.4percentofthejobsareinmanufacturing,8.4percentareinrenewableenergy,5.3percentareinresearchanddevelopmentand8.9percentareinnuclearenergyplants.•theagencyreceived89responsestotheComptroller’srequestforinformationforthisreport.•ofthe90agreements,56startedtheirqualifyingtimeperiodin2008andthereforehavenojobsrequirementsyet;even
s, ur  hs hv rd js.
•34projectsstartedtheirqualifyingtimeperiodin2007orearlier.Ofthese34agreements,21havemetorexceededthe
umr  js prmisd i hir rigi ppii. Ms grms w j ri  y pi r h gr-m’s xpiri.Tis rpr s mks rmmdis  h gisur h ud imprv h Cmprr’s iiy  prpr uur di-is  h rpr.
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