Texas Enterprise Fund

The Texas Enterprise Fund is the state's primary deal-closing cash grant, designed for established companies weighing Texas against at least one competing out-of-state location for a major capital investment. Awards are performance-based — no funds are disbursed until the company signs a contract and meets job creation and wage targets. The application runs through an 11-step due diligence process requiring unanimous approval from the Governor, Lieutenant Governor, and Speaker of the House. Eligibility requires a minimum of 75 new full-time jobs in urban areas (or 25 in rural areas), average wages at or above the county average for the full grant term, significant planned capital investment, local economic incentives from city/county/school district, and company financial soundness. The program targets advanced industries with genuine national or international location competition.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.