Lubbock: Leading the way on Texas' energy economy

Move over California, Texas is the trendsetter in alternative energy. And much of the credit should go to Lubbock and Texas Tech University.

Earlier this year, I helped create the Innovate Texas Foundation to bring together inventors, investors, institutions and other interested parties in Texas' future economy.

To ensure a strong economy in Texas for decades to come, we are focusing on several key industry sectors including: advanced technologies, aerospace and defense, information technologies, life sciences, media and arts, petroleum and chemicals, and energy.

The last sector mentioned is what has Lubbock well positioned to deliver a strong economy for its residents and the state for years to come. As you certainly know, the energy industry plays a key role in the Texas economy, employing nearly 375,000 people who earned more than $35 billion in total wages in 2006.

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