Provided by: Office of the Governor, Economic Development & Tourism | Type: Grant

The Texas Enterprise Fund is the state's flagship "deal-closing" incentive, providing cash grants to companies creating significant jobs and investment in Texas. Unlike formula-based programs, TEF awards are negotiated individually based on project scope, job quality, and competitive dynamics. The fund has supported major projects from companies including Tesla, Samsung, and Toyota, demonstrating Texas's commitment to landing transformational investments.

Provided by: Texas Workforce Commission (TWC) | Type: Grant

The Skills Development Fund finances customized job training projects for Texas businesses in partnership with public community and technical colleges. This program is particularly valuable for companies establishing new facilities or implementing new technologies, as it covers significant training costs that would otherwise burden the employer. Training can be delivered on-site, at the college, or online.

Provided by: Office of the Governor, Economic Development & Tourism | Type: Loan

The PDSBI Fund provides low-interest loans to support product development, technology commercialization, and small business incubator operations. Unlike grants, these funds must be repaid, but the below-market interest rates and flexible terms make this an attractive option for companies with clear revenue potential but limited access to traditional financing.