Texas Enterprise Fund

The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a performance-based financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy.

Deadline not available

Range between $1,000 - $10,000

Hiring, Market Expansion

All Sectors

For Profit

This grant is restricted to whole of United States

companies, Real Estate, Employment Opportunities, Enterprise, Deal-Closing

This grant is age restricted from 18 to 100

The single Texas site being considered for the project must be in active competition with at least one out-of-state site and the company must not have made a location decision. Actions signifying the company has already made a location decision include, but are not limited to—signing a lease, purchasing land, hiring employees and/or making a location announcement.
Projected new job creation must exceed 75 full-time jobs (urban areas) or 25 full-time jobs (rural areas).
The total average wage for new jobs must meet or exceed the average county wage for the county in which the project would be located during the full term of the grant agreement.
The company must demonstrate significant levels of planned capital investment, as determined by the Governor’s Office.
The project must be supported by the city, county and/or school district in which the project would be located, particularly in the form of local economic incentive offers.
The company must be well-established and financially sound.
The company must operate in an advanced industry which affords it other feasible location options nationally and/or internationally.

P.O. Box 12428

Austin, Texas 78711

(512) 936-0100

https://gov.texas.gov/apps/contact/contactbusinessphn.aspx?contact=3658754