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Texas Economic Development Directory


TX Statewide Economic Development Agencies

Office of the Governor Department of Economic Development and Tourism
Aaron Demerson
Executive Director
P.O. Box 12428
Austin, TX USA 78711-2428
512-936-0100
aaron.demerson@governor.state.tx.us
www.governor.state.tx.us
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

TX Utilities

Oncor (formerly TXU Delivery)
Terry Preuninger
Director of Economic Development
500 North Akard Street, Suite 13-121
Dallas, TX USA 75201
800-421-2489 214-483-63
terry.preuninger@oncor.com
www.oncorgroup.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

TX Regional Economic Development Agencies

Corpus Christi Regional Economic Development Corp.
Roland Mower
President & CEO
800 North Shoreline Boulevard, Suite 1300 South
Corpus Christi, TX USA 78401
361-882-7448
rcmower@ccredc.com
www.ccredc.com
HEB Economic Development Foundation (Hurst, Euless, Bedford)
Mary Martin Frazior
President & CEO
P.O. Drawer 969
Bedford, TX USA 76095
817-540-1053
maryfrazior@heb.org
www.heb.org/economicdevelopment
Port Freeport
Mike Wilson
Director of Trade Development
200 West Second Street, 3rd Floor
Freeport, TX USA 77541
979-233-2667 4265
wilson@portfreeport.com
www.portfreeport.com
Port San Antonio
Julie Hinojosa
Senior Leasing Manager
907 Billy Mitchell Boulevard
San Antonio, TX USA 78226
210-362-7824
julie.hinojosa@portsanantonio.us
www.portsanantonio.us
Rio Grande Valley Partnership
Bill Summers
President & CEO
322 South Missouri Avenue
Weslaco, TX USA 78596
956-968-3141
veronica@valleychamber.com
www.valleychamber.com
Would you like to advertise here? call 732-559-1265 or email Jim Semple at jsemple@groupc.com

TX County Economic Development Agencies

Andrews Economic Development Corporation
Wesley R. Burnett
Director
111 Logsdon
Andrews, TX USA 79714
432-524-2332
wburnett@cityofandrews.org
www.andrewsedc.com
Economic Development Alliance for Brazoria County
Robert M. Worley
President & CEO
201 East Myrtle, Suite 139
Angleton, TX USA 77515-4719
979-848-0560
robertw@eda-bc.com
www.eda-bc.com
Johnson County Economic Development Commission
Diana Miller
Executive Director
PMB 215-10 North Caddo Street
Cleburne, TX USA 76031
817-556-6985
jcedc@digitex.net
www.jc-edc.com
Katy Area Economic Development Council
Lance LaCour
President & CEO
P.O. Box 970
Katy, TX USA 77492
800-382-2204
lancelacour@katyedc.org
www.katyedc.org
Mount Pleasant Industrial Foundation
Charles L. Smith, CEcD
Executive Director
1604 North Jefferson
Mount Pleasant, TX USA 75455
903-572-6602
charleslsmith@mpcity.org
www.mpedc.org
Victoria Economic Development Corporation
D. Dale Fowler
President
700 North Main Street, Suite 104
Victoria, TX USA 77901
361-485-3190
vedc@victoriaedc.com
www.victoriaedc.com

TX City Economic Development Agencies

Abilene Industrial Foundation
Gary Robinett
Director of Marketing & Industrial Recruitment
P.O. Box 2281
Abilene, TX 79604
800-299-0005
info@abelineind.com
www.developabilene.com
Put Abilene’s resources, experience and commitment to work on your next project. To see how your business can develop in Abilene, call 1-800-299-0005, or visit www.developabilene.com.
Bastrop Economic Development Corp.
Joe D. Newman
President & CEO
903 Main Street
Bastrop, TX USA 78602
512-303-9700
bedc@bastropedc.org
www.bastropedc.org
Bastrop Texas is located just 22 miles from the Austin-Bergstrom International Airport. We offer FREE land in a 250+ acre industrial park to qualified companies. Also see: www.visitlostpines.com
Brooks Development Authority
Donald Jakeway
President & CEO
1 B.D.A. Crossing, Suite 100
San Antonio, TX USA 78235
210-678-3300
info@bc-b.com
www.bc-b.com
Brooks City-Base in San Antonio, Texas is a research and technology center offering customized economic incentives, space to locate or expand operations and 400 acres ready for development.
Business Development Corporation of Vernon
Sean Stockard
President & CEO
P.O. Box 2037
Vernon, TX USA 76384
940-552-6502
bdc@bdcvernon.com
www.bdcvernon.com
Vernon is located in Northern Texas between Amarillo and Dallas/Fort Worth along U.S. 287 that intersects I-44 in Wichita Falls, I-40 at Amarillo, I-20, I-30, I-35 and I-45 in Dallas.
Cameron Industrial Foundation
Ginger Watkins
Economic Development Director
P.O. Box 432
Cameron, TX USA 76520
254-697-4979
inquiries@cameronindustrialfoundation.com
www.cameronindustrialfoundation.com
Cameron is equal-distance from Dallas, Houston and San Antonio. Waco, Bryan/College Station and Austin are approximately one hour away via excellent highways—metropolitan benefits with the advantages of country living.
Corporation for the Economic Development of Midlothian
Kassandra Carroll
Project Manager
310 North Ninth Street, Suite A
Midlothian, TX USA 76065
972-723-3800
info@cedmidlothian.org
www.cedmidlothian.org
Three reasons for locating your business in Midlothian are excellent location (less than 30 miles to Dallas, Ft.Worth and DFW International Airport), diversified economic base and competitive incentive programs.
DeSoto Economic Development Corporation
Scott Fleming
Executive Director
211 East Pleasant Run Road
DeSoto, TX USA 75115
972-230-9605
sfleming@dedc.org
www.dedc.org
Greenville Board of Development
Ron Robinson
President & CEO
P.O. Box 825
Greenville, TX USA 75403
800-295-4141
rrobinson@ci.greenville.tx.us
www.greenvilletxedc.com
Jasper Economic Development Corporation
Kari Ellis
Interim Executive Director
246 East Milam
Jasper, TX USA 75951
409-383-6120
info@jasperedc.com
www.jasperedc.com
Jasper Airport Industrial Park, owned by the Jasper Economic Development Corporation, is situated on a 5,500-foot runway with parallel taxiway and connecting industrial park taxiways. The 119-acre park is fully developed with streets, water, sewer, fiber optic and power. An adjacent 400 acres are available for development by the economic development corporation.
Lubbock Economic Development Alliance
Marc Farmer
Director, Business Recruitment
1500 Broadway, 6th Floor
Lubbock, TX USA 79401
806-749-4500
marc.farmer@lubbockeda.org
www.lubbockeda.org
Marble Falls Economic Development Corporation
Christian Fletcher
Executive Director
801 Fourth Street
Marble Falls, TX USA 78654
830-798-7079
cfletcher@marblefallseconomy.com
www.marblefallseconomy.com
Known for the quality of life enjoyed by residents and visitors alike, Marble Falls has a strong retail climate and offers incentives, including
the Triple Freeport Exemption, for manufacturing and industrial prospects.
Midland Development Corporation
Mike Hatley
President
109 North Main
Midland, TX USA 79701
432-686-3579
fax: 830-798-8558
mikeh@midlandtxedc.com
www.midlandtxedc.com
As one of the fastest growing cities, coupled with vibrant prospects for employment and a great quality of life, you’ll discover Midland is more than you expected.
Odessa Development Corporation
Guy Andrews
Executive Director of Economic Development
700 North Grant, Suite 200
Odessa, TX USA 79761
432-333-7880
vest@odessaecodev.com
www.odessatex.com
Odessa, where you’ll find a friendly workforce and highly skilled professionals in all walks of life.We have outstanding medical and educational facilities, as well as economic incentives and workforce training programs if you’re expanding your business.
Pflugerville Community Development Corporation
Mary Poche
Business Recruiting/Marketing Specialist
203 West Main, Suite E
Pflugerville, TX USA 78660
512-990-3725
fax: 512-990-3183
maryp@cityofpflugerville.com
www.pfdevelopment.com
Ready mid 2012 will be a 160 acre industrial park dedicated to renewable/sustainable companies. The park provides major highway access to
markets, airport accessibility and “green” amenities including charging stations, rooftop solar panels and dark sky lighting. Aggressive local
incentives are available to qualifying companies.
Rio South Texas Economic Council
Raudel Garza
Executive Director
P.O. Box 4360
Edinburg, TX USA 78540
956-928-0641
rgarza@riosouthtexas.com
www.riosouthtexas.com
Rio South Texas Economic Council is a membership organization which represents the four southernmost counties in Texas. RSTEC’s goal is to
coordinate regional marketing efforts, develop strategies for economic development and provide education/training to strengthen community economic
development efforts.
San Angelo Chamber Of Commerce
John Dugan
VP of Marketing
418 West Avenue B
San Angelo, TX 76903
877-655-4136
john@sanangelo.org
www.sanangelo.org
Sherman Economic Development Corporation
John Boswell
President
307 West Washington Street, Suite 102
Sherman, TX USA 75090
903-868-2566
johnb@sedco.org
www.sedco.org
We are OPPORTUNITY RECRUITERS. SEDCO is a progressive team with a strategic plan of action for new and expanding businesses. Contact us for details on incentives and benefits for relocating your business to Sherman, Texas!
Temple Economic Development Corporation
Charley Ayres
Director of Business Development
1 South 1st Street
Temple, TX USA 76501
254-773-8332
cayres@choosetemple.com
www.choosetemple.com
Temple Economic Development Corporation in Temple,Texas acts as the driving force in getting businesses to Choose Temple.TEDC can provide shovel-ready sites and buildings, demographic data, labor market information, wage data, a skilled and highly trainable workforce, assistance in site selection, expansion needs
and workforce training resources.
The Colony Economic Development Corporation
Keri Samford
Director of Economic Development
6800 Main Street
The Colony, TX USA 75056
972-624-3127
edc@thecolonytx.org
www.thecolonyedc.org
The Colony is located 5 minutes from the corporate headquarters of EDC, JCPenney, Frito Lay and Dr. Pepper and less than 20 minutes from the Dallas/Fort Worth International Airport. Development is focused on light industrial, office and retail.
Tomball Economic Development Corporation
Kelly Violette
Executive Director
29201 Quinn Road, Suite B
Tomball, TX USA 77375
281-401-4086
kviolette@tomballtxedc.org
www.tomballtxedc.org
Tomball is a dynamic business community, located just minutes from downtown Houston, the George Bush Intercontinental Airport and the Port of Houston. For incentive information, please visit www.tomballtxedc.org.
Abilene Industrial Foundation
Bill Ehrie
President
P.O. Box 2281
Abilene, TX USA 79604
800-299-0005
info@abileneind.com
www.developabilene.com
Allen Economic Development Corporation
Gary Robinett
Director of Marketing & Industrial Recruitment
P.O. Box 2281
Abilene, TX 79604
800-299-0005
info@abelineind.com
www.developabilene.com
Atlanta Economic Development Corporation
Mike Ahrens
Executive Director
P.O. Box 1086
Atlanta, TX USA 75551
903-796-5627
atlantatexas@sbcglobal.net
www.atlantatexas.com
Austin Chamber of Commerce
Dave Porter
Senior Vice President, Economic Development
210 Barton Springs Road, Suite 400
Austin, TX USA 78704
512-322-5650
ecodev@austinchamber.com
www.austinchamber.com
Bay Area Houston Economic Partnership
Bob Mitchell
President
2525 Bay Area Boulevard, Suite 640
Houston, TX USA 77058
281-486-5535
bob@bayareahouston.com
www.bayareahouston.com
Bellville Chamber of Commerce
Tammy Hall
Executive Director
10 South Holland Street
Bellville, TX USA 77418
979-865-3407
bellvillechamber@sbcglobal.net
www.bellville.com/bedc.htm
Belton Ecomic Development Corporation
Tommy Baker
Executive Director
P.O. Box 1388
Belton, TX USA 76513
254-770-2271
tbaker@beltonedc.org
www.beltonedc.org
Borger Economic Development Corporation
Dan Redd
CEO
300 West 6th Street, P.O. Box 1157
Borger, TX USA 79008-1157
806-677-1704
dredd@borgeredc.com
www.borgeredc.com
Cedar Hill E.D.C.
Allison J. H. Thompson, CEcD, EDFP
Director of Economic Development
285 Uptown Boulevard, Building 100
Cedar Hill, TX USA 75104
972-291-5132 3
chedc@cedarhilltx.com
www.cedarhilledc.com
City Development Corporation of El Campo
Chandra Spenrath
Executive Director
707 Fahrenthold Street
El Campo, TX USA 77437
979-543-6727
eccdc@elcampoeco.org
www.elcampoeco.org
City of Burleson
Bradley Ford
Director of Economic Development
141 West Renfro Street
Burleson, TX USA 76028
817-426-9623
ecodev@burlesontx.com
www.burlesontx.com
City of Dallas, Office of Economic Development
Karl Zavitkovsky
Director
1500 Marilla Street, Suite 5C South
Dallas, TX USA 75201
214-670-1685
karl.zavitkovsky@dallascityhall.com
www.dallas-ecodev.org
City of Georgetown
Mark Thomas
Economic Development Director
614 Main Street
Georgetown, TX USA 78626
512-930-3688
mthomas@georgetowntx.org
www.investgeorgetown.org
City of Rosenberg
Matt Fielder
Economic Development Director
P.O. Box 32
Rosenberg, TX USA 77471-0032
832-595-3330
mattf@ci.rosenberg.tx.us
www.rosenbergecodev.com
Corinth Economic Development Corporation
Wayne Boling
Executive Director
3300 Corinth Parkway
Corinth, TX USA 76208
940-498-3284
wboling@cityofcorinth.com
www.corinthedc.com
Decatur Economic Development Corporation (DEDC)
Marty Harrison
Executive Director
604 West Main Street
Decatur, TX USA 76234
940-627-9109
mharrison@decaturtx.org
www.decatur-edc.com
Denison Development Alliance
Tony Kaai, CEcD
President
311 West Woodard Street
Denison, TX USA 75020
903-464-0883
tkaai@denisontx.org
www.denisontx.org
Denton Economic Development
Karen Dickson, CEcD
Vice President, Denton Chamber of Commerce
414 Parkway
Denton, TX USA 76201
940-382-7151
vp@dentonedp.com
www.dentonedp.com
DeSoto Economic Development Corporation
Scott Fleming
Executive Director
211 East Pleasant Run Road
DeSoto, TX USA 75115
972-230-9605
sfleming@dedc.org
www.dedc.org
Economic Development San Marcos
Amy Madison
Director
202 North CM Allen Parkway, P.O. Box 2310
San Marcos, TX USA 78666
512-393-3400
amym@sanmarcostexas.com
www.ecodevsanmarcos.org
Forney Economic Development Corporation
Kim Buttram
Executive Director
212 Bois d’Arc – P.O. Box 826
Forney, TX USA 75126
971-564-5808 176
kbuttram@cityofforney.org
www.forneytexasedc.org 

Frisco Economic Development Corp.
Nancy Windham
Director, Business Development
6801 Gaylord Parkway, Suite 400
Frisco, TX USA 75034
972-292-5150
nwindham@friscoedc.com
www.friscoedc.com
Greater Dallas Chamber of Commerce
Linda Burns
Director of Economic Development
700 North Pearl Street, Suite 1200
Dallas, TX USA 75201
214-746-6731
lburns@dallaschamber.org
www.dallaschamber.org
Greater Houston Partnership
Craig J. Richard, CEcD
Senior Vice President, Economic Development
1200 Smith Street, Suite 700
Houston, TX USA 77002
713-844-3647
crichard@houston.org
www.houston.org
Greater New Braunfels Chamber of Commerce
Rusty Brockman
Economic Development Director
P.O. Box 311417
New Braunfels, TX USA 78131
800-572-2626
nbdc@nbcham.org
www.nbcham.org
Greater Waco Chamber of Commerce
James G. Vaughan, Jr.
President & CEO
P.O. Box 1220
Waco, TX USA 76703
254-757-5623
jvaughan@wacochamber.com
www.wacochamber.com
Greenspoint District
Jocklynn Keville
Vice President, Marketing & Public Affairs
16945 North Chase Drive, Suite 1900
Houston, TX USA 77060
281-874-2138
jkeville@greenspoint.org
www.greenspoint.org
Haltom City
Susan White
Business Development Coordinator
5024 Broadway Avenue
Haltom City, TX USA 76117
817-222-7723
swhite@haltomcitytx.com
www.haltomcitytx.com
Harlingen EDC
William A. Martin
CEO
311 East Tyler Avenue
Harlingen, TX USA 78550
956-216-5085
bmartin@harlingenedc.com
www.harlingenedc.com
Hutto Economic Development Corporation
Scott Martinez
Executive Director
P.O. Box 1016
Hutto, TX USA 78634
512-759-2806
smartinez@huttoedc.com
www.huttoedc.com
Irving Economic Development Partnership
John M. Bonnot
Director, Business Recruitment
5221 North O’Connor Boulevard, Suite 100
Irving, TX USA 75039
214-217-8482
jbonnot@irvingchamber.com
www.irvingchamber.com
Kilgore Economic Development Corporation
Amanda Nobles
Executive Director
1001 Synergy Boulevard
Kilgore, TX USA 75662
903-983-3522
info@kilgore-edc.com
www.kilgore-edc.com
Longview Economic Development Corporation
Susan Mazarakes
Business Development Director
410 North Center Street
Longview, TX USA 75601
903-753-7878
susan@longviewusa.com
www.longviewusa.com
Lufkin Economic Development Corporation
Jim Wehmeier
Director
P.O. Box 1606
Lufkin, TX USA 75902
936-633-0221
jwehmeier@cityoflufkin.com
www.lufkinedc.com
Mansfield E.D.C.
Scott Welmaker
Economic Development Director
301 South Main Street
Mansfield, TX USA 76063
817-453-1006
swelmaker@mansfield-texas.com
www.mansfield-texas.com
McAllen Economic Development Corporation
Keith Patridge
President & CEO
6401 South 33rd Street
McAllen, TX USA 78503
956-682-2875
info@mcallenedc.org
www.mcallenedc.org
McGregor Economic Development Corporation
Frank Leos
Chairman
303 South Main Street
McGregor, TX USA 76657
254-840-4700
medc@mcgregor-texas.com
www.mcgregor-texas.com
Mission Economic Development Authority
Pat Townsend
President & CEO
901 Business Park Drive, Suite 200
Mission, TX USA 78572
956-585-0040
ptownsend@missioneda.org
www.missioneda.org
Monahans Economic Development Corporation
Morse Haynes
Director
P.O. Box 61, 303 South Allen
Monahans, TX USA 79756
432-943-2062
monahansedc@monahans.org
www.monahans.org
Paris Economic Development Corporation
Steve Gilbert
Executive Director
1125 Bonham Street
Paris, TX USA 75460
903-784-6964
parisedc@paristexas.com
www.paristexas.com
Pearland Economic Development Corporation
Matt Buchanan
Executive Director
1200 Pearland Parkway, Suite 200
Pearland, TX USA 77581
281-997-3002
mbuchanan@ci.pearland.tx.us
www.pearlandedc.com
Port of Brownsville
Tony Rodriguez
Director of Marketing
1000 Foust Road
Brownsville, TX USA 78521
956-831-4592
trodriguez@portofbrownsville.com
www.portofbrownsville.com
Round Rock Texas Economic Development
Joseph L. Vining
VP of Economic Development
212 East Main Street
Round Rock, TX USA 78664
800-747-3479
info@roundrockchamber.com
www.roundrocktex.com
San Angelo Chamber of Commerce
Patrick J. Malloy
VP, Economic Development
418 West Avenue B
San Angelo, TX USA 76903
877-655-4136
pjm@sanangelo.org
www.sanangelo.org
San Antonio Economic Development Foundation
Mario Hernandez
President
P.O. Box 1628
San Antonio, TX USA 78296
800-552-3333
edf@sanantonioedf.com
www.sanantonioedf.com
Schertz Economic Development Corporation
Erin Matlock
Economic Development Specialist
1400 Schertz Parkway
Schertz, TX USA 78154
210-619-1072
ematlock@schertz.com
www.schertzedc.com
Seagoville Economic Development Corporation
Carlos Vigil
President & CEO
1512 North Highway 175
Seagoville, TX USA 75159
972-287-9944
cvigil@seagovilleedc.com
www.seagovilleedc.com
Seguin Economic Development Corporation
Terry Trevino
Director
205 North River Street, P.O. Box 591
Seguin, TX USA 78155
830-401-2476
seguin@ci.seguin.tx.us
www.seguinedc.com
Sulphur Springs/Hopkins County E.D.C.
Roger Feagley
Executive Director
1200 Enterprise Lane
Sulphur Springs, TX USA 75483
903-439-0101
rfeagley@ss-edc.com
www.ss-edc.com
Terrell Economic Development Corporation
Danny Booth
Administrator
1314 West Moore, P.O. Box 97
Terrell, TX USA 75160
972-524-5703
danny@terrelltexas.com
www.terrelltexas.com
Weatherford Economic Development Authority, Inc.
Dennis Clayton, CEcD, AIA
Executive Director
202 West Oak Street, P.O. Box 255
Weatherford, TX USA 76086
817-598-4302
dclayton@weatherfordtx.gov
www.weatherfordtxeda.org
Wichita Falls Chamber of Commerce & Industry
Tim Chase, CEcD, FM
President & CEO
P.O. Box 1860
Wichita Falls, TX USA 76307
940-723-2741
tchase@wf.net
www.wichitafallscommerce.com

Texas State Incentives

THE TEXAS EMERGING TECHNOLOGY FUND (ETF) provides Texas with an unparalleled advantage in the research, development, and commercialization of emerging technologies. ETF grants are awarded in the following three areas:

  • Commercialization Awards: funds to help companies take ideas from concept to development to ready for the marketplace.
  • Matching Awards: funds create public-private partnerships which leverage the unique strengths of universities, federal government grant programs, and industry.
  • Research Superiority Acquisition: funds for Texas higher education institutions to recruit the best research talent in the world.

The ETF was created by the Texas Legislature in 2005 at the urging of Gov. Perry to provide Texas with an unparalleled advantage in the research, development, and commercialization of emerging technologies. ETF grants are awarded in the following three areas:

  • Commercialization Awards: funds to help companies take ideas from concept to development to ready for the marketplace.
  • Matching Awards: funds create public-private partnerships which leverage the unique strengths of universities, federal government grant programs, and industry.
  • Research Superiority Acquisition: funds for Texas higher education institutions to recruit the best research talent in the world.

THE TEXAS ENTERPRISE ZONE PROGRAM is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in economically distressed areas of the state. Designated projects are eligible to apply for state sales and use tax refunds on qualified expenditures. The level and amount of refund is related to the capital investment and jobs created at the qualified business site. For more information, visit www.governor.state.tx.us/ecodev/financial_resources/tax_incentives/

TEXAS ENTERPRISE FUND (TEF): Established in 2003 to help attract new jobs and investment to the state. The fund is used only as a final incentive tool where a single Texas site is competing with another viable out-of-state option. Additionally, the TEF will only be considered to help close a deal that already has significant local support behind it from a prospective Texas community.

Projects considered for the TEF must demonstrate a significant rate of return on the public dollars being invested in the project. Additionally there are several primary measures that every TEF project must meet in order to be considered for an award. Those include but are not limited to the following:

  • Competition with another state for the project must exist and the business must not have already announced a location decision
  • Projected new job creation must be significant–typically more than 100 jobs in urban areas or more than 50 in rural areas
  • New positions must be high-paying– above average wage of the county where the project would be located
  • Capital investment by the company must be significant
  • The project must have community involvement from the city, county and/or school district, primarily in the form of local economic incentive offers
  • The applicant must be financially sound
  • The applicant’s business sector must be an advanced industry that could potentially locate in another state or country

The DEFENSE ECONOMIC READJUSTMENT ZONE PROGRAM (DERZ) was established as a tool for business recruitment and job creation in adversely impacted defense dependent communities. It is designed to provide assistance to Texas communities, businesses and workers impacted by, or vulnerable to, the closure or realignment of military installations and the reduction of federal defense contracting expenditures. Local communities may also offer benefits to participants under the defense economic readjustment zone program as well. These may include tax abatement, tax increment financing, one-stop permitting and others. For more information, visit: www.governor.state.tx.us/ecodev/financial_resources/tax_incentives/

The FEDERAL ENTERPRISE ZONE/RENEWAL COMMUNITY PROGRAMS are Federal interagency efforts focused on the creation of self-sustaining, long-term development in distressed urban and rural areas throughout the Nation. The program uses a combination of Federal tax incentives to assist participating communities in development, reinvigoration, and growth. These Federal Designations are recognized through December 31, 2009. For more information, visit: www.governor.state.tx.us/ecodev/financial_resources/tax_incentives/

TEXAS PRODUCT/BUSINESS FUND: Provides financing to existing technology-focused companies that create products or do business within the state. Financing is done in the form of direct asset-based loans with a competitive variable interest rate tied to LIBOR. Loans can be amortized up to the life of the asset. Texas companies or out-of-state/international companies doing business in the state are eligible to apply. Funding preferences will be given to emerging technologies including semiconductors, nanotechnology, biotechnology and biomedicine, renewable energy, agriculture and aerospace.

Attributes of the Texas Product/Business Fund:

  • Asset-Based Loans
  • Competitive Loan-To-Value (LTV)
  • Positive EBITDA not required
  • Secure Loans with Property Plant & Equipment (PP&E)
  • Secure Loans with Accounts Receivable
  • Competitive variable interest rates
  • Communities or individuals can assist as Guarantors

SKILLS DEVELOPMENT FUND: Assists businesses and trade unions by financing the design and implementation of customized job training projects. This fund merges business needs and local customized training opportunities into a winning formula to increase the skills level and wages of the Texas workforce. Grants for a single business may be limited to $500,000.

TEXAS INDUSTRY DEVELOPMENT LOAN PROGRAM (TID): Provides capital to Texas communities at favorable market rates. The main objective is to support projects that will stimulate the creation of jobs and corporate expansion and relocation. TID loans can be used for a variety of purposes, including the purchase of land, buildings, construction, machinery and equipment. TID financing is available for loans above $5,000,000.

DEFENSE ECONOMIC READJUSTMENT ZONE PROGRAM (DERZ): Established as a tool for business recruitment and job creation in adversely impacted defense dependent communities. It is designed to provide assistance to Texas communities, businesses and workers impacted by, or vulnerable to, the closure or realignment of military installations and the reduction of federal defense contracting expenditures.

Benefits to participation:

  • Designated readjustment projects are eligible to apply for a state sales and use tax refund on qualified expenditures.
  • The number of jobs eligible for a refund will not exceed 500 or a number equal to 110 percent of the anticipated new permanent/retained jobs.
  • The maximum refund per allocated job is $2,500.
  • Local communities may also offer benefits to participants under the defense economic readjustment zone program as well. These may include tax abatement, tax increment financing, one-stop permitting and others.

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