Governor Abbott Celebrates Texas' Financial Leadership At The Alamo

~ Governor Greg Abbott of Texas was joined by Nasdaq for a virtual closing bell ceremony today to commemorate the 190th anniversary of the Battle of the Alamo. The event also served as an opportunity to highlight Texas' commitment to economic growth.

During the ceremony, Governor Abbott proudly announced that Texas now ranks number one in the country for having the most employees working in the financial sector. He also noted that Texas is ranked number one for capital investment and capitalism itself, making it fitting for the state to also be ranked number one for the capital markets that drive economic growth.

"We are proud that Nasdaq does business and has a location here in the great state of Texas," said Governor Abbott. "Texas will continue to lead the way in protecting capitalism and all that it can achieve in the United States of America."

Lieutenant Governor Dan Patrick, Nasdaq Chair and CEO Adena Friedman, Nasdaq Texas head Rachel Racz, and other Texas business leaders joined Governor Abbott at the virtual closing bell ceremony.

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In November, Nasdaq announced their plans to launch their own financial exchange in Texas called Nasdaq Texas. This new dual listing venue aims to expand services across the state and provide more investment opportunities for U.S investors.

During his speech at the event, Governor Abbott emphasized that Nasdaq is now fully operational in Texas and ready to serve companies across the state. This partnership between Nasdaq and Texas will create a free-market ecosystem that will strengthen Texas' position as a national and global economic powerhouse.

Under Governor Abbott's leadership, Texas has attracted over 325 corporate headquarters and is home to 54 Fortune 500 companies. As the eighth largest economy in the world, it also boasts having the largest financial services workforce in the United States, surpassing even New York.

This is not Governor Abbott's first collaboration with Nasdaq. Last March, he joined them at a luncheon announcing their new regional headquarters in Dallas. And in 2023, Governor Abbott rang the Nasdaq closing bell during a virtual ceremony to celebrate Texas' economic achievements and milestones.

Additional photos of the ceremony will be made available for viewing. As Texas continues to prioritize economic growth and attract businesses, it is clear that the state's partnership with Nasdaq will play a crucial role in its success.

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