Texas Enterprise Fund

The Texas Enterprise Fund is often considered one of the most influential grant programs in the country because it provides discretionary cash support during critical location or expansion decisions. The fund is designed to attract high growth employers who will create well paid jobs. Texas reviews every project carefully to confirm that the funding plays a meaningful role in the final site selection.

Applicants must show credible hiring plans supported by financial models and operational timelines. Wage levels are also analyzed to ensure that new jobs outperform regional averages. In addition, the state examines whether Texas is competing directly with other jurisdictions. This competition validation is a key part of the approval process.

Companies that use the fund often pair it with local incentives to build a comprehensive support package. Many cities contribute matching grants or provide abatements that align with the state’s investment. This layered structure reduces early stage financial pressure at a moment when hiring and capital costs are highest.

Texas encourages projects in sectors such as advanced manufacturing, corporate services, energy technology, and logistics. The Enterprise Fund remains one of the most attractive tools for companies that intend to create a significant number of jobs over a multi year period.