Texas Enterprise Fund

Eligible Applicants

Additional Requirements

-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. Õ Competition with another state for the project must exist and the business must not have already made a location decision. Õ Projected new job creation must be significant – past recipients have typically created more than 75 jobs in urban areas or more than 25 in rural areas. Õ The new positions must be high-paying jobs – above the average wage of the county where the project would be located. Õ Capital investment by the company must be significant. Õ A significant rate of return on the public dollars being invested in the project must be demonstrated. Õ The project must have community involvement from the city, county, and/or school district, primarily in the form of local economic incentive offers. Õ The applicant must be a well-established, financially sound business. Õ The applicant’s business sector must be an advanced industry that could potentially locate in another state or country. Õ The Governor, Lieutenant Governor, and the Speaker of the House must unanimously agree to support the use of TEF for each specific project. Companies planning a new project including a facility opening or expansion, with significant projected job creation and capital investment, where a single site in Texas is actively competing with at least one viable out-of-state option.

Geographic Eligibility

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