Texas Enterprise Fund is a grant from the Texas Governor's Office of Economic Development and Tourism that funds businesses creating significant numbers of new jobs in Texas when competing against at least one out-of-state location for the project. The fund operates as a closing tool for economic development projects where Texas is in active site competition.

Eligible applicants are businesses projecting more than 75 new jobs in urban areas or more than 25 jobs in rural areas, with total wages meeting or exceeding the average county wage and demonstrating substantial planned capital investment. Award amounts are determined based on project scope.

Business Representatives, Local Community Representatives, and Authorized Consultants for active projects within the Office Contact the Business and Community Development Team at (512) 936-0100. The Intake Coordinator will send an intake form to gather project data and assign a Project Manager to the project. The Project Manager will be available to assist throughout the life of the project.

Companies that meet the eligibility requirements below: Site Competition Requirement A single Texas site being considered for the project must be in active competition with at least one out-of-state site. 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: Making a location announcement Projected new job creation must: exceed 75 full-time jobs in urban areas exceed 25 full-time jobs in 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 with other feasible location options nationally and/or internationally. Is there a fee to apply for the Texas Enterprise Fund? The application fee in the amount of $1,000 must be received by the OOG before the application will be reviewed.

The application fee is non-refundable. Please note that the OOG will not begin due diligence on a TEF application until the application is considered complete and after receipt of the application fee.

A check should be made payable to the OOG and mailed to either of the following addresses: Attention Financial Services Overnight or Express Delivery: Attention Financial Services What documents will be required to submit with the application? Register as a Business Representative, Local Community Representative, or Authorized Consultant to apply for the Texas Enterprise Fund incentive.