Richard Spence is a sixth-generation Texan who grew up working with his family’s independent pharmacies in Houston. After earning an undergraduate degree, Rich served in several executive positions in Washington, D.C. where he spent his time working with Congress.
As a public employee, Rich was employed by the U.S. Small Business Administration and served in the Office for Legislative Affairs and the Domestic Policy Council where he later became deputy chief of staff and legislative director. He also served as a budget director and small business contracting liaison for the Economic Summit of Industrialized Nations (G7).
Returning home, Rich worked in the Texas Legislature and was appointed by the governor to manage the Texas Enterprise Fund and Emerging Technologies Fund. He also was a Senate chief of staff and a finance committee director, focusing on state budget, economic development, and higher education capital funding.
Rich gained experience in health care, higher education, and strategic planning at UT Health. His experience in federal contracting resulted from consulting work with a multinational professional services company and a Silicon Valley-based start-up that offered federal solutions.
Rich holds a bachelor’s degree from Washington and Lee University in Virginia, and a Master of Business Administration from Baylor University.