Designed for use as a resource by state and local level vocational education professionals and policymakers, this report provides information pertaining to the current economic conditions within Texas, the nature and measurement of economic activity, prevailing economic trends, and projections for the future. Outlined first are current economic conditions within the state and the perspectives of representatives from the state's political, educational, business/industry, and banking communities. In a detailed examination of economic development of Texas state planning regions the following topics are covered: the nature and measurement of economic activity, national and state economic trends, future economic trends in Texas, economic development in each of the 24 Texas state planning regions, the economic ranking of the regions, recapitulation of the regional economies, local economic development allies, and regional population projections. Tables summarizing the percentage of total personal income and local quotients for 14 sources of income are included for each of the 24 planning regions. Appended to the report are lists of the component counties of each Texas state planning region. (Other Education for Work Linkage Project reports are available separately--see note.) (MN)