State Incentives

Texas is known for being a pro-business state. Everything is big in Texas, including business opportunities and the resources available to help take advantage of them. View state incentives below and contact the MDC for additional information on how to take advantage of them.

 

Incentives
Bonds may be issued by non-profit development corporations or authorities for eligible projects in order to promote new and existing businesses, encourage employment in the state, and increase the ta...
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Category: Local Incentives

The Capital Access Program (CAP) is a partnership between the State of Texas and selected non-profit lenders to increase access to financing for small and medium-sized businesses and non-profits whic...
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Category: TX State Programs

Chapter 380 of the Local Government Code authorizes municipalities to offer incentives designed to promote economic development such as commercial and retail projects.  Specifically, it provides for offering loans an...
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Category: Local Incentives

Chapter 381 of the Local Government Code allows counties to provide incentives encouraging developers to build in their jurisdictions. A county may administer and develop a program to make loan...
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Category: Local Incentives

Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations i...
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Category: TX State Programs

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 capital investment in economically distresse...
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Category: Local Incentives

The Event Trust Funds program is comprised of three separate funds—the Events Trust Fund, Major Events Reimbursement Program, and Motor Sports Racing Trust Fund—targeted at attracting various types of events t...
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Category: TX State Programs

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 ar...
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Category: TX State Programs

Midland's Foreign Trade Zone #165, located at Midland International Airport, gives companies the opportunity to defer and possibly reduce duty paid on goods traded across national borders. Goods may b...
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Category: Local Incentives

Freeport Tax Exemption is offered by the Midland County, City of Midland, and the Hospital District.  The Freeport exemption exempts certain types of tangible personal property (i.e., inventory) from a...
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Category: Local Incentives

The Governor’s Office of Small Business Assistance works closely with a variety of partners to highlight various avenues for access to capital, including, but not limited to the below: Product Developmen...
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Category: TX State Programs

Industrial Revenue Bonds (IRBs) provide a source of tax-exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses, encourage employment, and expand th...
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Category: TX State Programs

The MDC will assist in the coordination with the City and County for tax abatements.  Qualified businesses located within the designated Reinvestment Zone are eligible to apply for abatement o...
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Category: Local Incentives

Small Business Administration CDC/504 Loans The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financin...
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Category: Local Incentives

The Spaceport Trust Fund (STF) is a financial tool to support the development of infrastructure necessary or useful for establishing a spaceport in the State of Texas. Fund proceeds ar...
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Category: TX State Programs

Innovative and competitive legislation continue to fuel investment and job growth in the Lone Star State.  Incentives such as the Texas Enterprise Fund and the Texas Emerging Technology Fund wer...
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Category: Local Incentives

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 ar...
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Category: TX State Programs

On March 20, 2001, the City of Midland established Tax Increment Reinvestment Zone Number 1 (TIRZ), by Ordinance Number 8005, to address economic conditions in Downtown Midland indicative of stagnatio...
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Category: Local Incentives

See a high-level summary of state incentives and programs offered by the Office of the Governor, Economic Development & Tourism office, at www.TexasWideOpenForBusiness.com. Download the PDF Overview Here
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Category: Local Incentives

The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as ...
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Category: TX State Programs

The Texas Leverage Fund (TLF) is a loan program providing financing for qualified projects in Texas municipalities. The program allows communities to leverage future sales tax revenues to support economi...
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Category: TX State Programs

Texas has the perfect combination of highly skilled talent and world-class schools that continue to meet the needs of businesses across all industries. The Lone Star State is home t...
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Category: TX State Programs