TX Statewide Economic Development Agencies

TX Utilities

TX Regional Economic Development Agencies

TX County Economic Development Agencies

TX City Economic Development Agencies

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.

The post Texas Economic Development Directory appeared first on Business Facilities.

TX Statewide Economic Development Agencies

TX Utilities

TX Regional Economic Development Agencies

TX County Economic Development Agencies

TX City Economic Development Agencies

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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OK Statewide Economic Development Agencies

OK Utilities

OK Regional Economic Development Agencies

OK County Economic Development Agencies

OK City Economic Development Agencies

Oklahoma State Incentives

The QUALITY JOBS 10-YEAR CASH INCENTIVE provides cash payments of up to 5 percent of new payroll for up to 10 years. To qualify, the company must have an average county wage or $29,745, whichever is lower, achieve $2.5M annual payroll within 3 years, and offer basic health insurance. Target industries include: manufacturing, R&D including wind power manufacturing, corporate services, and data centers.

INVESTMENT/NEW JOBS TAX CREDIT PACKAGE: The program allows a company to choose between a tax credit based on investment or new employees. The 5-year tax credit applies to the greater of 1 percent per year of investment in new depreciable property of $500 per new employee and the credit doubles in Enterprise Zones and if the investment exceeds $40 million. Target industries include manufacturing and aircraft maintenance operations.

The 21ST CENTURY QUALITY JOBS 10-YEAR CASH BACK INCENTIVE requires at least 10 full-time jobs at an annual average wage of the lesser of $94,418 or 300 percent of the county’s average wage. It allows a net benefit rate of up to 10 percent of payroll for up to 10 years. To qualify, out-of-state sales must be at least 50 percent. Target industries include: knowledge-based service industries, including professional, scientific and technical services; music, film and performing arts; and specialty hospitals.

The PRIMEWIN PRIME CONTRACTOR INCENTIVE allows federal prime contractors to be paid for jobs and payroll created by both the prime contractor and a qualifying subcontractor. This incentive offers a cash rebate of up to 2 percent of the Oklahoma workforce loaded labor cost and cash incentives paid quarterly for up to 10 years. OSU-UML, as contract verifier, certifies the qualified labor hours performed under a qualifying federal contract.

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NM Statewide Economic Development Agencies

NM Utilities

NM Regional Economic Development Agencies

NM County Economic Development Agencies

NM City Economic Development Agencies

New Mexico State Incentives

RESEARCH AND DEVELOPMENT TAX CREDIT: In 2011, the New Mexico Legislature passed House Bill 273, reinstating the bill that would have sunset. This bill extends the eligibility period for the Research and Development Small Business Tax Credit from 2011 until 2015 and limits the credit.

The ALTERNATIVE ENERGY PRODUCT MANUFACTURES TAX CREDIT: In 2011, the legislature passed Senate Bill 233, which amends the alternative energy product manufacturers tax credit act to include a product extracted from or secreted by a single cell photosynthetic organism as an eligible alternative energy product.

LOCOMOTIVE FUEL TAX DEDUCTION: In 2011, the legislature passed House Bill 523, which provides a deduction for locomotive fuel from gross receipts and from compensating tax.

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AZ Statewide Economic Development Agencies

AZ Utilities

AZ Regional Economic Development Agencies

AZ County Economic Development Agencies

AZ City Economic Development Agencies

Arizona State Incentives

THE ARIZONA COMPETITIVENESS PACKAGE (HB 2001) is a brand new incentive package which includes the following new incentive programs and updates:

QUALITY JOBS TAX CREDIT PROGRAM: Provides Arizona income tax credits for companies creating new jobs and investing in Arizona. The credit is valued at up to $9,000 over a 3-year period per each new employee and offers a 5-year carry forward provision for any unused tax credits. Eligibility qualifications are different for rural and metro areas. The program is capped at 10,000 new jobs being claimed each year by all participants; whereas a taxpayer is limited to a maximum of 400 new jobs per year.

JOB TRAINING PROGRAM: Originally set to expire in 2011, the Arizona Competitiveness Package extended the program an additional five years until December 31, 2016 and modified the definition of a “rural area.”

$25 MILLION DEAL-CLOSING FUND: Arizona has taken a progressive position by offering attraction funds to companies meeting performance measures that benefit both the company and the citizens of Arizona. Utilization of the Arizona Competes Fund will generate investment in business projects that stimulate and promote industries providing high-wage and stable jobs. In order to assure a return on investment to the state, performance safeguards are a requirement of these funds. To request more information as it becomes available, please click here.

Arizona now offers a 100 PERCENT ELECTABLE SALES TAX FACTOR FOR MULTI-STATE CORPORATIONS. The new legislation increases the electable sales factor for multi-state corporations from 80 percent to100 percent. The increase is to occur in equal increments over a four year period, between 2014 and 2017. This provides businesses with the opportunity to reduce their Arizona tax burden.

30 PERCENT REDUCTION IN ARIZONA’S CORPORATE INCOME TAX RATE: Corporate Income Tax rates will be decreasing in Arizona from 6.97 percent down to 4.9 percent, between 2014 and 2017. This new 30 percent lower rate makes Arizona’s rate one of the five lowest in the country.

PROPERTY TAX REFORM:

• Business: Accelerated Depreciation schedules for prospective acquisitions of commercial personal property have also been improved. Five-year accelerated depreciation schedules have been increased to help companies recover their investments even faster.
• Personal Property Tax Exemption: 15 percent increase in personal property exemptions. The exemption on personal property is currently $67,000; it is being increased to $79,000 beginning in 2011 by using the Employment Cost Index (ECI) rather than the Gross Domestic Product Implicit Price Deflator (GDP IPD).
• Commercial Property: Reduced by 10 percent, the commercial property assessment ratio will be 18 percent by 2017. This continues a 10-year trend of reducing property taxes in Arizona.

EXTENSION OF THE ANGEL INVESTMENT TAX CREDIT PROGRAM: Originally set to expire in 2011, the program is now available until June 30, 2016. Additional improvements to the program include expanded company eligibility and beginning in 2014 elimination of capital gains tax on income derived from investments in companies certified by the ACA.

ENHANCEMENT OF THE RESEARCH & DEVELOPMENT TAX CREDIT PROGRAM: The R&D program now offers up to a 34 percent Arizona income tax credit for R&D made in conjunction with an Arizona public university. Tax credits are based upon R&D increases over prior years.

RENEWABLE ENERGY TAX INCENTIVE PROGRAM:  Encourages business investment that will produce high quality employment opportunities and enhance Arizona’s position as a center for production and use of renewable energy products. The program provides tax incentives to companies in the solar, wind, geothermal and other renewable energy industries who are expanding or locating in AZ. It offers two benefits; up to a 10 percent refundable income tax credit and up to a 75% reduction on real and personal property taxes.

ARIZONA INNOVATION ACCELERATOR FUND: An $18.2 million loan participation program funded through the U.S. Department of Treasury’s SSBCI and managed by the Arizona Commerce Authority. Its goal is to stimulate financing to small businesses and manufacturers, in collaboration with private finance partners, to foster business expansion and job creation in Arizona. The program ends December 2016. Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments.

COMMERCIAL/INDUSTRIAL SOLAR ENERGY TAX CREDIT PROGRAM: Stimulates the production and use of solar energy in commercial and industrial applications by subsidizing the initial cost of solar energy devices. The program achieves this goal by providing an Arizona income tax credit for the installation of solar energy devices in AZ business facilities. The tax credit is equal to 10% of the installed cost of the solar energy device not to exceed $25,000 in credits for one building in a single tax year and $50,000 total credits per business per tax year. Tax credits can be used to offset Arizona income tax liability; any unused credit amounts can be carried forward for a five-year period.

HEALTHY FOREST ENTERPRISE INCENTIVES PROGRAM (HF): Provides incentives for certified businesses that are primarily engaged in harvesting, initial processing or transporting of qualifying forest products. The program offers the following incentives:

• Transaction Privilege Tax Exemption (TPT Exemption) on purchased qualifying equipment and leased or rented qualifying equipment
• Use Tax Exemption – on qualifying equipment purchased out-of-state
• New Job Income Tax Credit – Arizona income tax credit earned over a three-year period for each net new job created, totaling up to $3,000 per employee

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