Texas Enterprise Fund
If you qualify, we'll secure a Texas Enterprise Fund grant and other subsidies for your project - saving you 20% or more
Texas Enterprise Fund - Overview
The Texas Enterprise Fund is a discretionary "deal closing" fund that is intended to close the gap against competing project sites outside of Texas. The fund offers grants of approximately $6,000 per created job and about 1% to 5% of a project's total capital investment. Awards are higher for projects that have larger numbers of jobs with higher pay, are in targeted areas or operate in priority industries. As a discretionary grant fund, it's important to keep your project competitive with out-of-state sites and reserve making a final site decision until after a grant has been awarded.
How much funding can you potentially get?
Awards typically range from $4,000 to $7,000 per created job. Some companies have received grant awards as high as $20,000,000.
Texas Enterprise Fund - Example Award Model
Texas Enterprise Fund - Eligibility
Grant award decisions are competitive and discretionary, typical eligibility criteria include:
- Create at least 75 new, full-time jobs or 25 new jobs in rural communities.
- Jobs must pay above the area’s average wage rate and those that offer employee benefits, opportunities for advancement are more competitive
- The Texas project site must be competing with alternate, out-of-state sites and a site decision must not yet have been made
- Projects with higher capital investment and job creation targets are more competitive and receive larger awards
- Projects must provide a net benefit economic return to the community through direct/indirect and induced job creation and other measures
- Companies must demonstrate support from the local community – primarily through the offers of local economic development incentives
- Businesses must be financially stable and viable (no startups)
- The project must be in an industry that Texas is seeking to attract
Combining Texas Enterprise Fund with Other Incentives
Many projects that qualify for Texas Enterprise Fund grant awards also qualify for other sources of subsidized financing, allowing developers and project sponsors to combine incentives. These additional subsidies include tax credits and grants, along with government debt. These incentives can be sourced from federal, state and local governments and are best negotiated early in the funding process. Contact Us to learn more.
We’ve secured over $650MM of subsidies and raised more than $4B in debt and equity.
OUR Past Projects
Corporate
Headquarters
Food Processing
Plant Financing
Extruded Pipe
Plant Financing
Steel Galvanizing
Plant Financing
Child Advocacy Center
Non-profit
Campus Health
Professions Hub
Silicon Foundry
Refurbishment
Manufacturing Plant
Expansion
Plastic-to-Oil
Recycling Facility
Pharmaceutical
Manufacturing
Find Out How We Can Finance YOUR Project for 20% Less
our team
Adam Tkaczuk
Senior Partner
Adam has secured >$650M in subsidies and manages our incentives and project development efforts. He serves as the CFO of a steel processing business and is the co-founder of a 25 million lb./year protein processing business.
Bill Sprague
Chair - Investment Committee
Bill chairs our investment committee where he sources our investments made with our Seed Capital fund. He's raised $4B for infrastructure and industrial projects.
Mike Kosmoski
Construction Management
Mike has managed over $2.1B of construction projects and oversees our construction services.
Christine Coleman
Partner
Christine is dedicated to supporting often-overlooked communities. With over five years of experience in nonprofit organizations, she has volunteered, worked on staff, and provided financial advice to boards.