Texas Enterprise Fund
gov.texas.gov
Offers performance-based deal-closing cash grants to companies considering relocation or major expansion in Texas (including the Dallas region) when actively competing against out-of-state sites, contingent on creating 75+ full-time urban jobs.
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Helps companies looking to move or expand in Texas get cash grants. Grants are based on creating at least 75 full-time jobs in urban areas.
Quick Facts
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What Benefits Are Offered?
Deal-closing cash grants provided as a performance-based financial incentive for companies committing significant capital investment and new employment opportunities in Texas. Award amounts are calculated based on the average wage of new employees, job creation, and total proposed capital investment, with funds disbursed upon meeting job and wage targets.
Who Is Eligible?
Business Size: medium, large
Industries: advanced industry
Region: Texas
Other Criteria: Project must have a single Texas site actively competing with at least one viable out-of-state option, Company must not have made a location decision prior to application (e.g., signing a lease, purchasing land, hiring employees, or making a location announcement), Projected new job creation must exceed 75 full-time jobs (urban areas) or 25 full-time jobs (rural areas), Total average wage for new jobs must meet or exceed the average county wage, Company must demonstrate significant levels of planned capital investment, as determined by the Governor’s Office, Project must be supported by the city, county and/or school district with local economic incentive offers, Company must be well-established and financially sound, Company must operate in an advanced industry which affords it other feasible location options nationally and/or internationally
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FAQFrequently Asked Questions
This program is available to medium, large businesses in advanced industry industries located in Texas.
This program offers funding up to $472,000,000 (minimum $2,000).
This program accepts applications on a rolling basis.
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