Texas House Bill HB3172

Texas 2017 - 85th Regular

Caption

Relating to the establishment of an electronic information and application system for state incentives for economic development purposes.

Impact

The bill modifies existing state laws concerning the distribution and management of economic development incentives by introducing a digital component to the application process. By centralizing this information, the bill aims to reduce bureaucratic hurdles that businesses often face when seeking state assistance for relocation or expansion. In doing so, it is expected to foster a more business-friendly environment by facilitating quicker decision-making and reducing administrative burdens for both businesses and state agencies involved.

Summary

House Bill 3172 establishes an electronic information and application system to streamline access to state incentives aimed at promoting economic development. The legislation mandates the creation of a centralized online platform where businesses can access information related to various state monetary and tax incentives. This initiative is designed to enhance the efficiency and transparency of the incentive application process, allowing companies to determine their eligibility easily and apply for multiple incentives through a single application form.

Sentiment

Overall, the sentiment surrounding HB 3172 appears to be positive, especially among pro-business advocates and economic development entities. Supporters argue that the bill streamlines processes and showcases Texas as an attractive destination for business expansion. However, there may be some concerns from individuals or groups advocating for traditional methods of engagement with state incentives, fearing that digital systems could overlook individual business needs.

Contention

One notable point of contention is the reliance on digital platforms which may not be accessible to all businesses, particularly smaller enterprises or those with limited technological capabilities. While the bill emphasizes accountability and coordination among state agencies, questions arise regarding how effectively this system will cater to varying business needs and whether it could inadvertently disadvantage certain groups. Thus, while the overarching goals of the legislation are aligned with fostering economic growth, the execution and inclusivity of the proposed system are crucial factors that will determine its success.