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1 Document(s) [ Subject: Venture capital ]

Committee: House Economic and Small Business Development
Title: Interim Report
Subjects: Economic development | Economic development incentives | Governor's Industry Cluster Initiative | Manufacturing | Office of Economic Development and Tourism | Venture capital | Workforce |
Library Call Number: L1836.83 Ec74h
Session: 83rd R.S. (2013)
Online version: View report [74 pages]
Charges: This report should address the charges below.
1. Examine and evaluate economic development incentives to determine if the incentives are achieving the desired outcomes for which the incentives were initially established. Review which economic development goals and incentives are most important and report on methods to further improve those goals and incentives while reducing ones not meeting their desired objectives.
2. Study venture capital investment in the state and determine how Texas compares to other states in attracting venture capital dollars. Make recommendations to improve Texas's ability in attract venture capital investment.
3. Review the current Texas Industry Cluster Initiative to determine if the state's targeted industry clusters need to be updated to reflect changes in industry sectors that have evolved in Texas since the clusters were initially identified.
4. Review the Governor's Office of Economic Development and Tourism and determine its effectiveness on economic development in Texas. Determine how the office could be more efficiently coordinated with local and regional economic development entities and other state agencies to help further the economic development goals of the state.
5. Monitor manufacturing and manufacturing workforce development initiatives passed by the 83rd Legislature.
6. Conduct legislative oversight and monitoring of the agencies and programs under the committee’s jurisdiction and the implementation of relevant legislation passed by the 83rd Legislature. In conducting this oversight, the committee should: a. consider any reforms to state agencies to make them more responsive to Texas taxpayers and citizens; b. identify issues regarding the agency or its governance that may be appropriate to investigate, improve, remedy, or eliminate; c. determine whether an agency is operating in a transparent and efficient manner; and d. identify opportunities to streamline programs and services while maintaining the mission of the agency and its programs.

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