Qualifying business can tap into several major state initiatives to create jobs and drive innovation. The Texas Enterprise Fund is a final “tipping” incentive for projects that promise major job creation and capital investment when a single Texas site is vying against a strong out-of-state competitor. It’s the biggest deal-closing fund of its kind in the nation, the state says.
The Texas Emerging Technology Fundprovides grants for recruiting research talent and help companies take ideas from dreams to development to the marketplace.
In addition, the state has asset-based loans for companies; grants; tax incentives for businesses expanding in or relocating to Texas (Enterprise Zone sales tax refunds, manufacturing sales tax exemptions, property tax value caps and Freeport exemptions); and workforce training programs and the Skills Development Fund administered by the Texas Workforce Commission.