Texas on Business Facilities Online

TEXAS Fast Facts

• Population (2008): 24,326,974
• Largest Cities (2008): Houston, 2,242,193; San Antonio, 1,351,305; Dallas, 1,279,910; Austin, 757,688;
   Fort Worth, 703,073
• Targeted Industries: Aerospace, Aviation, Health Care, Education, Energy, Petroleum Refining
• Key Incentives: Emerging Technology Fund, Enterprise Fund, Enterprise Zone Program, Capital Fund Real Estate
   Development Program
• GDP (All Industry 2008): $1.2 trillion*

*Bureau of Economic Analysis, U.S. Department of Commerce

TEXAS State Incentives

The Capital Access Program was established to support the availability of financing for businesses and nonprofit organizations that face barriers in accessing capital, or that fall outside the guidelines of conventional lending. Use of proceeds may include working capital or the purchase, construction, or lease of capital assets, which include buildings and equipment. The proceeds may not be used for construction or purchase of residential housing and simple real estate investments (excluding those occupied by the applicant's business).

The Texas Leverage Fund (TLF) provides an additional source of financing to communities that have adopted an economic development sales tax. Communities may leverage future sales tax revenues to support job retention or creation. Available for interim, long-term, or gap financing, TLF loans provide flexible financing terms to match the unique needs of communities, with maturities of up to 15 years available. Generally, economic development agencies can borrow four to five times annual sales tax revenues, up to $5 million.

The Texas Emerging Technology Fund is a $200 million fund that is used for research and development activities in emerging technology industries. Eligible industries are those that will lead to immediate or long term creation of high-quality new jobs in Texas, and/or could lead to medical or scientific breakthroughs.

Explore detailed community demographic information at ZoomProspector.com

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Texas State Resources

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