Relating to programs to promote economic development in the Office of the Governor and to the repeal of the governor's broadband development council.
What changed between versions
Changed focus from aerospace and aviation advisory committee to semiconductor-focused advisory committee with specific local content requirements.
Repealed the Texas Entrepreneurship Network and removed aerospace/aviation specific provisions from the bill.
Added requirement that not less than 51 percent of significant parts and processing of semiconductor products must originate in Texas.
Added provisions allowing matching funding for semiconductor manufacturing and design projects and grants for business entities with established Texas presence.
Set effective date of September 1, 2025 for the new semiconductor development provisions.
Modified Government Code sections to establish new strategic planning and reporting requirements for semiconductor economic development.