Texas Enterprise Zone Program
E811969
The Texas Enterprise Zone Program is a state economic development initiative that provides incentives to businesses that invest and create jobs in designated economically distressed areas of Texas.
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
business incentive program
ⓘ
state economic development program ⓘ |
| administeredBy |
Office of the Governor of Texas
NERFINISHED
ⓘ
Texas Economic Development and Tourism Office NERFINISHED ⓘ |
| beneficiary |
large capital-intensive projects
ⓘ
logistics and distribution businesses ⓘ manufacturing businesses ⓘ service sector businesses ⓘ small and medium-sized enterprises ⓘ |
| benefitCap | maximum refund amount depends on capital investment and number of jobs created or retained ⓘ |
| benefitForm | refund of state sales and use taxes paid on qualified expenditures ⓘ |
| complianceRequirement |
maintenance of job levels during designation period
ⓘ
periodic reporting of job and investment performance ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| designationDuration | up to five years ⓘ |
| designationLimit | state limits the number of enterprise project designations per biennium ⓘ |
| designationType | enterprise project designation ⓘ |
| economicDistressCriteria |
high poverty rates
ⓘ
high unemployment ⓘ low income ⓘ |
| eligibilityRequirement |
a percentage of new or retained jobs must be held by economically disadvantaged or enterprise zone residents
ⓘ
business must be designated as an enterprise project by the state ⓘ business must create or retain permanent jobs ⓘ capital investment thresholds apply based on project size ⓘ project must be located in or near a designated enterprise zone or meet alternative criteria ⓘ |
| focusArea |
investment in distressed census tracts
ⓘ
job creation for economically disadvantaged individuals ⓘ redevelopment of underutilized or blighted areas ⓘ |
| geographicScope |
designated enterprise zones within Texas
ⓘ
eligible areas defined by economic distress criteria ⓘ |
| incentiveType | state sales and use tax refund ⓘ |
| jobRequirement | minimum number of new or retained full-time jobs based on project size ⓘ |
| legalBasis | Texas Government Code Chapter 2303 NERFINISHED ⓘ |
| penalty | reduction or recapture of tax refunds for noncompliance ⓘ |
| purpose |
encourage private investment in economically distressed areas
ⓘ
promote job creation in Texas ⓘ promote job retention in Texas ⓘ stimulate economic development in disadvantaged communities ⓘ |
| relatedConcept |
enterprise zone
ⓘ
place-based incentives ⓘ targeted economic development ⓘ |
| relatedProgram | Texas Enterprise Zone Act NERFINISHED ⓘ |
| requires |
application to the Office of the Governor
ⓘ
local community support or nomination ⓘ |
| sector |
business incentives
ⓘ
economic development ⓘ |
| state | Texas ⓘ |
| targets |
businesses in economically distressed areas
ⓘ
enterprises locating or expanding in enterprise zones ⓘ qualified business projects ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Economic Development and Tourism Office (Texas Governor)
→
offersProgram
→
Texas Enterprise Zone Program
ⓘ