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State of Texas Incentives
 The
State of Texas offers a number of other programs to assist industry,
primarily through Texas Economic Development.
Smart Jobs Fund
This fund assists employers by upgrading work-force skills in emerging
technologies. Employers design exactly the program they feel their
employees need.
Texas Leverage Fund
Available only to cities that have passed the Economic Development sales
tax (as has Eastland) to provide additional funding to local businesses
for expansion and funding for related community projects.
Texas Capital Fund - Infrastructure Grant Program
Grants to improve public facilities in rural communities including
roads, utilities, and rail spurs to facilitate the expansion of an
industry. Grants range from $5,000 to $500,000 not exceeding 50% of the
total project cost.
Texas Capital Fund - Real Estate Development Program
Another source of funds to help business or industry acquire or improve
real estate. The focus of this fund is to provide assistance to
enterprises that will provide jobs for primarily low- or moderate-income
employees. Grants range from $50,000 to $500,000, not exceeding 50% of
total project cost.
 Texas Manufacturing Assistance Centers (TMAC)
TMAC provides field engineers to work with small manufacturers to
implement technologies and techniques that improve manufacturers’
ability to more efficiently produce high-quality products. Services
include on-site assessments, process evaluation, inventory management,
product development, vendor referrals, technology integration.
Texas Enterprise Zone Program
The Texas Enterprise Zone Program is designed to encourage permanent job
creation and retention, as well as capital investment in economically
distressed areas of Texas. The program has proven a viable economic
development strategy for communities by providing state and local
incentives and the local incentives to new or expanding businesses.
Businesses located in enterprise zones may be eligible for local and/or
state benefits. State incentives include a refund of state sales and use
taxes, franchise tax reductions, and state administered program
priority. Additional state benefits are available to qualified
businesses designated as enterprise projects, which are nominated by
communities or counties on a competitive basis.
Texas Capital Access Program
The Texas Capital Access Fund Program was established by the 75th
Legislature in September of 1997. The program is designed to increase
the availability of financing for businesses and non-profit
organizations that face barriers in accessing capital. It encourages
financial institutions to finance businesses that do not meet the
requirements of conventional loans, lack sufficient collateral to
qualify for conventional financing, or do not meet other business
requirements. Eligible borrowers can be any small businesses with under
100 employees, a medium-size business with employment of over 100 but
fewer than 500, or a non-profit corporation. The proceeds may be used
for working capital of the purchase, construction, or lease of capital
assets, which include land, buildings, and equipment.
For more information regarding State of Texas incentives contact:
Texas Economic Development & Tourism
Office of the Governor
PO Box 12428
Austin, TX 78711-2428
Phone: (512) 463-2000
http://www.governor.state.tx.us/ecodevo/
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