The Horse Industry Escrow Account (HIEA)
The HIEA invests money being spent on horse-related items by the horse industry back into the state's agricultural economy.
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With the passage of HB 2463, the legislature allows for dollars being spent by businesses in the industry to be invested back into that same industry-leading to opportunities for competition with neighboring states.
The Texas horse industry has seen great momentum through larger field sizes, increased purses and renewed enthusiasm.
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Trainers, owners and breeders who moved their businesses out of Texas are now returning with the prospect of continued growth.
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The wisdom of the legislature has put Texas back in competition with other states.
The HIEA stopped the dramatic decline of the horse industry, while simultaneously promoting historic industry growth.
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Without this continued investment, Texas horse racing, breeding businesses, and horse accreditation programs would experience a significant disadvantage in the market and decimate the positive upward trajectory that’s currently being seen across the industry.
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Today, Texas’s horse industry is vibrant and experiencing rapid growth that seeps deep into the state’s agricultural economy. Even during the pandemic, the horse industry experienced upward momentum. As society returns to normalcy, the horse industry has the capacity to not only survive but truly excel in Texas.
HIEA funds generated significant growth in all sectors of the Texas horse economy beginning in 2020
In 2021, Texas's purses reached an all-time high, which is a sign of vitality the industry hasn't seen in nearly two decades.
$43.3M
Major Sales Statistics
