What Are the Major Incentives to Have a Business in Texas?
Entrepreneurs and businesses looking to expand their operations or open a new business in Texas can benefit from the multitude of incentives available to them. Generally, such initiatives are aimed at helping businesses create jobs in the state, encouraging innovation and investment, and promoting economic development. Over the past two decades, Texas has implemented various tax credits, loan programs, and grant opportunities to incentivize businesses. Wherever you’re at in your business journey, it’s worth researching what kind of economic development tax incentives are available to you. We’ve highlighted some of the major incentives below.
Texas Enterprise Fund (TEF)
The purpose of this fund is to bring new businesses and investments into Texas, as well as encourage existing companies here to expand their operations. The money from the fund is used as an incentive for projects that are expected to create a lot of jobs and investment, as well as have