The Brief: Abbott’s Move to Poach General Electric

The Brief: Abbott’s Move to Poach General Electric

By Floyd Miller

 

 

 

The Big ConversationBy: John ReynoldsGov. Greg Abbott acknowledges he isn’t the only governor trying to poach General Electric away from Connecticut, where the company is calling proposed tax increases “truly discouraging.”But in a letter Wednesday to GE CEO Jeffrey Immelt, Abbott highlighted the Legislature’s just-passed tax deal as one reason why the company should pick Texas.The Tribune’s Patrick Svitek reports it is Abbott’s “latest effort to pick up where his jobs-poaching predecessor left off.”In addition to touting Texas’ low-tax environment, Abbott plugged the state’s economic incentives programs and its commitment to educating its workers. Abbott made pre-kindergarten a priority throughout the session and last week signed into law a so-called Governor’s University Research Initiative that uses leftover money from a now-defunct incentives program to lure world-class scholars to Texas schools.In Connecticut, GE has all but threatened to leave over a budget deal that would raise taxes on corporations and the state’s wealthiest residents. In a statement last week, the international conglomerate said the plan makes businesses like it “seriously consider whether it makes any sense to continue to be located in this state.”