Texas Senate Bill SR314

Texas 2019 - 86th Regular

Caption

Recognizing February 27, 2019, as Chemistry Technology Day.

Impact

The resolution acknowledges the direct employment of more than 78,000 Texans in the chemical industry, alongside an additional half a million indirect jobs linked to contractors, suppliers, and other support personnel. It emphasizes the economic benefits derived from the industry, which generates upwards of $8 billion in salaries and benefits, in addition to nearly $3 billion in state and local taxes. The event aims to foster awareness regarding the industry's essential contributions to Texas's economy and the daily lives of its citizens.

Summary

Senate Resolution 314 recognizes February 27, 2019, as Chemistry Technology Day at the State Capitol in Texas. This resolution highlights the pivotal role of the chemical industry in Texas, noting that it is the largest chemical producer in the nation and significantly contributes to the state's economy. In 2018 alone, Texas exported $36 billion worth of chemicals, which accounted for over 20 percent of the state's total exports. Such significant economic impact positions the chemical sector as a major player in Texas's overall financial landscape.

Contention

While the resolution is largely celebratory, it also reflects ongoing discussions within the chemical sector regarding vital issues, including permitting, energy policy, environmental protections, taxation, and workforce development. The unification of the Texas Chemical Council and the Association of Chemical Industry of Texas underscores the collaborative effort to address shared interests and challenges, potentially indicating areas of contention that may arise as the industry seeks to navigate regulatory landscapes and economic pressures.