TX: Incentive & Financial Programs
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Texas Economic Development & Tourism Office Incentive Programs Skip to main content Incentive & Financial Programs Economic Development Finance Economic Development Finance, within the Texas Economic Development & Tourism Office, provides globally competitive, cost-effective financial tools to expanding businesses operating in the state and businesses relocating to Texas. Programs administered by this office include various grants, financing and tax refund programs, which all promote economic development, job creation and capital investment. The office partners with local governments and other entities to deliver programs targeted at small businesses, communities and universities in the state, among other entities. Texas takes the initiative to invest in its future by offering competitive incentives to companies who are creating jobs and driving innovation in Texas. The incentives in this section are a summary of the most commonly utilized state offerings administered by Economic Development Finance. Local incentives and tax abatements are not included here. For local incentives, please contact the local economic development representative. Texas Enterprise Fund The fund is used as a performance-based financial incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of-state option. Events Trust Funds The Events Trust Funds program applies local and state gains from sales and use, auto rental, hotel, and alcoholic beverage taxes generated over a specified period of time. Eligible events are not restricted to sports, but the venue must have been selected through a highly competitive selection process. Governor’s University Research Initiative The Governor’s University Research Initiative grant program (GURI) has a goal to bring the best and brightest researchers in the world to the State of Texas. This program is a matching grant program to assist eligible institutions of higher education in recruiting distinguished researchers. Texas Enterprise Zone Program 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 significant private investment that will assist economically distressed areas of the state. Texas Small Business Credit Initiative The Texas Small Business Credit Initiative (TSBCI) seeks to foster small business development and job creation by enhancing access to capital. This program focuses on providing resources for small businesses, with a particular emphasis on helping traditionally underserved businesses and those affected by the COVID-19 pandemic. Small businesses obtain funding through loans from financial institutions, and TSBCI works with financial institutions to support this process. With an allocation of $472 million, TSBCI represents a significant investment in Texas' small busine
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Last verified: 4/7/2026
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