INCENTIVE DESCRIPTION

State: TX
Incentive Type: Cash Grants and Financing Incentives
Incentive Title: Direct Loans
Description: 1) LEVERAGE FUND (TLF) provides an additional source of financing to communities that have adopted an economic development sales tax. Communities may leverage future sales tax revenues to support job retention or creation. Future sales tax revenues serve as collateral for loan repayment. Loan proceeds must be used to pay eligible costs such as land acquisition, buildings, machinery and equipment, and others. 2) REAL ESTATE DEVELOPMENT PROGRAM The program provides financial incentives between $50,000 and $750,000 for eligible businesses committing to create or retain jobs primarily for low or moderate income employees. Awards may not exceed 50% of the total project cost. 3) CAPITAL ACCESS PROGRAM This fund is designed to promote growth in rural areas between 50,000 and 200,000 residents. Awards are provided to eligible cities and counties to assist businesses that employ low to moderate income employees.
Eligibility Requirements: For each fund or financing program, must be an eligible project and adhere to job creation and capital investment criteria.
Geographic Restrictions: Statewide
Granting Authority: State of Texas and Local Municipalities


The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information
Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.