Thursday, November 24, 2022

Corridor: Creating future funding alternatives essential for East Texas | Opinion

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From the worldwide pandemic to the continuing battle in Ukraine to Chinese language threats to Taiwan, the USA is coping with an unprecedented provide chain disaster that continues to harm our economic system, imperil our nationwide safety, and create shortages of on a regular basis merchandise for Individuals.

Semiconductors used to energy our most elementary know-how are in brief provide. Automobile costs are skyrocketing due the shortage of laptop chips out there to supply new automobiles. On a regular basis Individuals are feeling the results of American manufacturing transferring abroad over the previous a number of many years.

As Gov. Greg Abbott identified in a current Fox Enterprise interview, “The nation made a mistake over the previous one or 20 years to farm out manufacturing of all these important provides whether or not or not it’s now semiconductors or well being care provides that we would have liked throughout the time of COVID … We have to not depend on China or different international locations for our important wants.”

The Longview Chamber of Commerce agrees, and that’s the reason when an organization has a selection between investing in Texas or anyplace else, we should guarantee they all the time select Texas.

Texas and America must not ever be reliant on one other nation, notably an adversary for fundamental or superior technological wants. And it’s absurd to beg international locations similar to Saudi Arabia and Venezuela to extend their oil output after we can achieve this proper right here within the Lone Star State.

It’s essential to incentivize the subsequent wave of producing, vitality manufacturing and the strategic manufacturing of on a regular basis items right here, on our personal soil. Throughout the subsequent legislative session, our lawmakers have an unimaginable alternative to develop a brand new, trendy and clear financial growth program that may assist to resolve the provision chain and lack disaster, all whereas creating new capital investments in our communities, giving our youngsters higher alternatives and native faculties further sources.

A program to draw funding to Texas can incentivize additional grid reliability, vitality safety and manufacturing of on a regular basis items in our personal yard.

One in every of Texas’ earlier financial growth packages, often called Chapter 313, is expiring on the finish of the yr, so now’s the time for a contemporary begin and new concepts to create alternatives for our communities and cement our financial independence. Time is of the essence. Different states and nations are competing fiercely to land giant tasks like Longview and Gregg County.

Aggressive incentives had been instrumental in Texas profitable these tasks, and we should develop a brand new financial growth program to stay within the recreation.

Reclaiming world manufacturing dominance is crucial to our nationwide safety, our provide chain, and our vitality safety. And because the nation’s financial chief, that work begins right here, in Texas.

— Kelly Corridor is the president/CEO of the Longview Chamber of Commerce.

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