HBA-EDN H.C.R. 249 77(R)    BILL ANALYSIS


Office of House Bill AnalysisH.C.R. 249
By: Wohlgemuth
Economic Development
4/29/2001
Introduced



BACKGROUND AND PURPOSE 

Boeing, the world's largest producer of commercial jetliners and a global
leader in the aerospace industry, announced on March 21, 2001, its plans to
move its corporate headquarters from Washington state to a more central
location in a culturally diverse area with a strong pro-business
environment and an international airport system that offers ready access to
global markets and to major Boeing operations, customers, and financial
centers.  Three prospective metropolitan areas are under consideration, one
of which is the Dallas/Fort Worth (DFW) area.   

Texas has long been an ideal business location due to its abundant natural
resources, low energy costs, central location, robust pro-business
environment, and lack of personal or corporate income taxes.  The state has
implemented cutting-edge economic development initiatives, including
research and development tax credits, workers' compensation system reform,
and financial incentives such as tax abatements, fee rebates, and
enterprise zones.  The DFW area has one of the largest and busiest
international airports in the world, and its young, diverse, and
well-educated workforce has contributed to the area's status as a hub of
high technology, research, and emerging industries.  The region has the
fifth-lowest cost of living of the major U.S. metropolitan areas, one of
the least expensive metropolitan housing markets in the nation, and a
multitude of cultural and recreational amenities which make living and
working in the DFW area a pleasure.  House Concurrent Resolution 249
encourages Boeing to move its corporate headquarters to the DFW area.

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this resolution
does not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

ANALYSIS

House Concurrent Resolution 249 encourages Boeing to move its new corporate
headquarters to the Dallas/Fort Worth area.