The Texas Enterprise Fund awards performance-based "deal-closing" grants to companies considering new projects where a Texas site competes with out-of-state locations. Grants are based on job creation, average wages, and capital investment. Applicants undergo a rigorous due diligence process and must maintain job and wage targets throughout the contract. The fund supports projects that contribute significant economic impact and require unanimous approval by state leaders.
Eligible companies must be planning a new facility or expansion in Texas competing with out-of-state sites, with projected job creation exceeding 75 full-time jobs in urban or 25 in rural areas, meeting average county wage levels, and demonstrating significant capital investment and financial soundn
