Flanked by Dallas Cowboys cheerleaders, business leaders, exchange officials and Cowboys owner Jerry Jones, Gov. Greg Abbott touted Texas鈥� business friendly policies before ringing the New York Stock Exchange鈥檚 closing bell at AT&T Stadium Wednesday.
The Texas branch of the exchange when the Chicago Stock Exchange officially relocated to Dallas, marking the in the largest city in Illinois.
The Texas Workforce Commission announced earlier in August its chairman, to head NYSE Texas. Prior to leading the Texas Workforce Commission, Daniel was a .
鈥淭his is the home of the economy,鈥� Abbott said of Texas before ringing the bell. 鈥淚t's going to be the home of financial exchanges going forward. It is going to be Y鈥檃ll Street instead of Wall Street.鈥�
The Texas governor said it was important for the state to continue embracing policies that make the state attractive to businesses and corporations.
鈥淲e've got to keep our vision going forward,鈥� he said ahead of the market鈥檚 close Wednesday. 鈥淰ision going forward requires us to pass policies that will continue to attract and grow businesses here in the state.鈥�
Abbott has bragged the exchange is a sign of Texas鈥� economic health, along with plans to open the separate Texas Stock Exchange. The Texas Stock Exchange is slated to .
The Nasdaq, another exchange, announced in a March news release it would be opening its own . Nasdaq already has around 800 clients based in Texas, according to the release.
Bulent Temel, an economics professor at the University of Texas at San Antonio, told the Texas Standard in February that the exchanges do .
鈥淐ertainly, it鈥檚 a testament to the Texas economy鈥檚 overall attractiveness,鈥� he told David Brown, host of the Texas Standard. 鈥淚t鈥檚 been a very vibrant and robust state economy in the world鈥檚 leading economy, the U.S., and that catches a lot of attention.鈥�
Abbott also used the opportunity to make a pitch to any businesses not already based out of the Lone Star State before ringing the closing bell.
鈥淚f you want to live in a state that has fewer taxes, come to the Lone Star State of Texas,鈥� he said.
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