State Incentives

The Lone Star State shines on business, too. Businesses that locate in designated zones may be eligible for local and/or state benefits in the Texas Enterprise Zone Program. The Texas Department of Economic Development may grant state benefits if a business is awarded "Enterprise Project" status.

Example state benefits include:

1. State sales tax refunds of taxes paid on machinery and equipment, building
material, labor for the rehabilitation of existing buildings, and electricity and
natural gas purchased for use in the Enterprise Zone.

2. Franchise Tax Reductions.

3. Priority status for other state administered programs.

4. Additionally, companies that locate in non-entitlement communities may receive funds to be used for needed infrastructure through the Texas Capital Fund Infrastructure Program.

5. Lastly, the Skills Development Fund is designed to help businesses apply for job training funds in partnership with local community colleges and technical schools to finance customized job training.

6. Worker Opportunity Tax Credits (WOTC).