Texas Business Incentives

Competitive Incentives and Financing

A diverse range of incentives and financing options help companies locate and expand in the Lone Star State.

Companies have options on where they locate, and states have options on how they incentivize. Texas has created programs and processes to go beyond the standard state-level offering. From the nation’s largest “deal-closing” fund to a financial assistance program to help public colleges and universities in Texas recruit the best researchers in the world, the State of Texas is also committed to ensuring companies move smoothly through the incentives process so they can focus on locating and expanding their facility.

Governor Abbott speaks at Ashley Furniture groundbreaking in Texas
The Houston Rockets arena fills with fans as a backboard and hoop ignite with flames in Houston, Texas.
Governor Abbott at the first Texas Safety Commission meeting with lawmakers, educators, and community leaders in Texas.
Governor Abbott meets with a woman in the Sutherland Springs First Baptist Church to pay tribute to the lives that were lost in a 2017 church shooting.
The outdoor patio space of the Silicon Labs office building fills with workers taking their lunch breaks, networking, and enjoying the fresh air in Austin, Texas.
STEM students at Stephen F. Austin State University work together with equipment in Nacogdoches, Texas.
A group of students smile at graduation in Odessa, Texas.
  • Enterprise Fund
  • Events Trust
  • University Research
  • Enterprise Zone
  • Product & Small Biz
  • Skills Development
  • In-State Tuition
Enterprise Fund
Governor Abbott speaks at Ashley Furniture groundbreaking in Texas

Texas Enterprise Fund

A deal-closing fund the size of Texas.

The Texas Enterprise Fund (TEF) is the largest “deal-closing” fund of its kind in the nation. The fund is used as a final incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of-state option.

Events Trust
The Houston Rockets arena fills with fans as a backboard and hoop ignite with flames in Houston, Texas.

Events Trust Fund

Apply for event funding.

The Events Trust Fund program applies local and state gains from sales and use, auto rental, hotel, and alcoholic beverage taxes generated over a specified period of time. Eligible events are not restricted to sports, but the venue must have been selected through a highly competitive selection process.

University Research
Governor Abbott at the first Texas Safety Commission meeting with lawmakers, educators, and community leaders in Texas.

Governor’s University Research Initiative

Grant program recruits distinguished researchers.

The Governor’s University Research Initiative  grant program (GURI) has a goal to bring the best and brightest researchers in the world to the State of Texas. This program is a matching grant program to assist eligible institutions of higher education in recruiting distinguished researchers.

Enterprise Zone
Governor Abbott meets with a woman in the Sutherland Springs First Baptist Church to pay tribute to the lives that were lost in a 2017 church shooting.

Texas Enterprise Zone Program

Advocating for job creation and economic assistance.

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 significant private investment that will assist economically distressed areas of the state.

Product & Small Biz
The outdoor patio space of the Silicon Labs office building fills with workers taking their lunch breaks, networking, and enjoying the fresh air in Austin, Texas.

Product Development and Small Business Incubator Fund

The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances.

The primary objective of the program is to aid in the development, production and commercialization of new or improved products and to foster and stimulate small business in the State of Texas.

Skills Development
STEM students at Stephen F. Austin State University work together with equipment in Nacogdoches, Texas.

Skills Development Fund

The Texas Skills Development Fund is an innovative program created to assist Texas public community and technical colleges to finance customized job training for their local businesses.

The Fund was established by the Legislature in 1995 and is administered by the Texas Workforce Commission. Grants are provided to help companies and worker associations form partnerships with local community colleges and technical schools to provide custom job training. Average training costs is $1,800 per trainee; however, the benefit may vary depending on the proposal.

In-State Tuition
A group of students smile at graduation in Odessa, Texas.

Economic Development and Diversification In-State Tuition for Employees

Granting in-state tuition to relocating companies before establishing residency.

Economic Development and Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations in the State of Texas to pay in-state tuition rates at public institutions of higher education in the state without first establishing residency.

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