The State of Texas has worked hard to develop and sustain a business-friendly operating environment. State and local government provides tax incentives, financing assistance, workforce training programs, and an array of services to help companies establish or expand in Texas.
To find out more about the various State programs available, please visit the State’s website found here.
Two of the State’s more well-known programs are the Texas Enterprise Fund and the Texas Enterprise Zone Program.
Texas Enterprise Fund
The Texas Enterprise Fund was established in 2003 to help attract new jobs and investment to the state. The fund was reappropriated by the Legislature in 2005, 2007, 2009, and 2011. As the largest "deal-closing" fund of its kind in the nation, the TEF continues to attract businesses to Texas. The fund is used only as a final incentive tool where a single Texas site is competing with another viable out-of-state option. Additionally, the TEF will only be considered to help close a deal that already has significant local support behind it from a prospective Texas community. Additional information regarding the Enterprise Fund Program can be found here.
Texas Enterprise Zone Program
The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in economically distressed areas of the state. The Program is administered through the Texas Comptroller’s Office. Additional information regarding the Enterprise Zone Program can be found here.
