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Texas Lacks Foundation for Long-Term Economic Success

  

Author:
Dick Lavine /(512) 320-0222 x 101

December 18, 2002

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The Corporation for Enterprise Development (CFED) has just released its annual Development Report Card for the States, which assesses state economic development capacity. Texas received poor marks in its economic performance and its capacity for future development. CFED warned against the temptation to cut programs as a quick fix for budget problems and recommended continued investment in the economic fundamentals needed for long-term gains.