Texas Comptroller tours Brownwood manufacturing plants
BROWNWOOD, Texas - The Texas Comptroller paid a visit to Brownwood on Monday for the second time since getting elected as the state's chief financial officer three years ago.
Glenn Hegar toured Brownwood's three manufacturing plants as part of his initiative "Good for Texas Tour: Manufacturing Edition." The plants were Kohler, 3M, and Superior Essex Corporation.
After touring the plants, Hegar made brief comments at Brownwood's Depot Civic and Cultural Center at 2:30 p.m.
He said the state's manufacturing sector has driven "output and productivity in the Texas economy, creating jobs and paying wages well above the statewide average."
According to the Texas Comptroller, the plastics and rubber products manufacturing sub-sector, which includes 3M, is responsible for $4.8 billion in annual exports from Texas and nearly 48,000 direct and indirect jobs.
Hegar also spoke of the efforts has office has undertaken in assisting those impacted by Harvey.
"When we had that Labor Day kind of crisis, there was a shortage of fuel in Texas, although there was plenty of fuel in the United States," Hegar said. "We were working with the IRS, as well as the EPA, to make sure we can lift the fuel tax."
Moreover, Hegar talked about the North Atlantic Free Trade Agreement (NAFTA), which President Trump has vowed to renegotiate.
Hegar said Texas has greatly benefited from NAFTA as both Mexico and Canada are the Lone Star State's first and second largest export partners.
But Hegar said he agrees with taking another look at NAFTA as Trump has declared, because the way economies currently operate has changed since the deal was ratified more than 20 years ago.