Texas Enterprise Fund
E811968
The Texas Enterprise Fund is a state-level financial incentive program that provides grants to businesses to encourage job creation and capital investment in Texas.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
business incentive fund
ⓘ
state economic development incentive program ⓘ |
| administeredBy |
Office of the Governor of Texas
NERFINISHED
ⓘ
Texas Economic Development and Tourism Office NERFINISHED ⓘ |
| beneficiary |
businesses establishing new operations in Texas
ⓘ
businesses expanding in Texas ⓘ businesses relocating to Texas ⓘ |
| benefits |
enhanced state tax base
ⓘ
increased capital investment in Texas ⓘ job creation in Texas communities ⓘ |
| condition |
capital investment commitments
ⓘ
job creation commitments ⓘ performance-based contracts ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| fundingSource | state general revenue ⓘ |
| fundingType | cash grants ⓘ |
| governedBy | Texas state law ⓘ |
| hasCriterion |
Texas job training and workforce needs
ⓘ
financial strength of applicant company ⓘ projected economic impact ⓘ return on investment for the state ⓘ wage levels relative to county averages ⓘ |
| incentiveType | grant ⓘ |
| jurisdiction |
Texas
ⓘ
surface form:
State of Texas
|
| locatedIn |
Austin
ⓘ
surface form:
Austin, Texas
|
| monitoredBy |
Texas Legislature
NERFINISHED
ⓘ
Texas state oversight bodies ⓘ |
| policyArea |
business recruitment
ⓘ
business retention and expansion ⓘ economic development policy ⓘ workforce development ⓘ |
| purpose |
attract new business investment to Texas
ⓘ
encourage job creation in Texas ⓘ promote economic development in Texas ⓘ support capital investment in Texas ⓘ |
| requires |
approval by the Governor of Texas
ⓘ
approval by the Lieutenant Governor of Texas ⓘ approval by the Speaker of the Texas House of Representatives ⓘ competitive site selection process involving Texas and at least one other state ⓘ significant projected capital investment ⓘ significant projected job creation ⓘ |
| sectorFocus |
high-impact projects
ⓘ
targeted industries ⓘ |
| state | Texas ⓘ |
| subjectOf |
economic impact evaluations
ⓘ
public transparency and accountability requirements ⓘ |
| usesInstrument |
clawback provisions for non-performance
ⓘ
performance agreements ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.