State of Texas - Grants
Texas Enterprise Fund
The Texas Enterprise Fund provides the state's leaders with a "deal closing fund" that has the flexibility and financial resources to help strengthen the state's economy. The fund can be used for a variety of economic development projects, including infrastructure development, community development, job training programs and business incentives. These funds will be used primarily to attract new business to the state or assist with the substantial expansion of an existing business as part of a competitive recruitment situation. For more information visit:
http://www.governor.state.tx.us/divisions/ecodev/ed_bank/tefund
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 encourage job creation and capital investment in economically distressed areas of the state. Designated projects are eligible to apply for state sales and use tax refund on taxable items. The level and amount of refund is related to the capital investment and jobs created at the qualified business site.
|
Level of Capital Investment |
Maximum number of jobs allocated |
Maximum potential refund |
Maximum refund per job allocated |
|
$40,000 to $399,999 |
10 |
$25,000 |
$2,500 |
|
$400,000 to $999,999 |
25 |
$62,500 |
$2,500 |
|
$1,000,000 to $4,999,999 |
125 |
$312,500 |
$2,500 |
|
$5,000,000 to $149,999,999 |
500 |
$1,250,000 |
$2,500 |
|
Double Jumbo Project $150,000,000 to $249,999,999 |
500 |
$2,500,000 |
$5,000 |
|
Triple Jumbo Project $250,000,000 or more |
500 |
$3,750,000 |
$7,500 |
For more information visit:
http://www.governor.state.tx.us/divisions/ecodev/ed_bank/enterprise_zone
Emerging Technology Fund
The State of Texas has established this $195 million fund for the purpose of providing the following types of grants:
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Commercialization Grants: Incentives for private or nonprofit entities to collaborate with public or private universities on emerging technology projects with a demonstrable economic benefit to the state. Projects should involve emerging scientific or technology fields that have a reasonable probability of enhancing the state's national or global economic competitiveness. These grant dollars are matched with funds from other sources.
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Research Matching Grants: The Emerging Technology Funds Research Grant Matching Program is to allow the state to leverage research funds from outside the state of Texas that contribute toward the growth of our emerging-technology economy. The priority for the ETF Research Matching Funds is to support emerging-technology research and development activities that are directed toward the creation of a commercializable product. Preference is given to research activities that include higher education institutions in collaboration with private entities. Collaboration among multiple universities and private entities is encouraged.
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Research Superiority Acquisition of Talent Grants: These grants shall be used to acquire new or enhanced existing research superiority (talent) at public institutions of higher education in this state. The ETF committee shall solicit and identify proposals by public institutions of higher education for:
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-
Creating new research superiority
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Attracting existing research superiority from institutions not located in this state
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Enhancing existing research superiority by attracting from outside this state additional researchers and resources.
For more information visit:
http://www.governor.state.tx.us/divisions/ecodev/etf/
