Galveston County Economic Alliance Discover Galveston County 8419 Emmett F. Lowry Expressway
Texas City, Texas 77591-2249
(409) 933-9899
(888) 933-9899
Fax: (409) 933-3365

4/23/2017 8:39:38 PM Member Name  
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Texas Enterprise Fund


The Texas Enterprise Fund is a $295 million fund that allows the state to respond quickly and aggressively to opportunities to bring jobs and employers to Texas. The Texas Enterprise Fund provides the state's leaders with a "deal closing fund" that has the flexibility and financial resources to help strengthen the state's economy. The fund can be used for a variety of economic development projects, including infrastructure development, community development, job training programs and business incentives. Before funds can be awarded, the Governor, Lieutenant Governor and Speaker must unanimously agree to support the use of the Texas Enterprise Fund for each specific project. These funds will be used primarily to attract new business to the state or assist with the substantial expansion of an existing business as part of a competitive recruitment situation. State leadership also will be able to use Enterprise funds to leverage other resources for an economic development project. The Governor's Office will work closely with local leaders to tailor incentive packages that best meet the needs of local communities and businesses.

  




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