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State Incentives

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Texas Enterprise Zone Status

The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in economically distressed areas of the state.

Local communities must nominate a company as an Enterprise Project to be eligible to participate in the Enterprise Zone Program. Legislation limits allocations to the state and local communities per biennium. The state accepts applications quarterly with deadlines on the first working day of March, June, September and December.Designated projects are eligible to apply for state sales and use tax refunds on qualified expenditures. The level and amount of refund is related to the capital investment and jobs created at the qualified business site.

Level of Capital
Investment		 Maximum Number
of Jobs Allocated		 Maximum
Potential Refund		 Maximum Refund
Per Job Allocated
$40,000
to $399,999		 10 $25,000 $2,500
$400,000
to $999,999		 25 $62,500 $2,500
$1,000,000
to $4,999,999		 125 $312,500 $2,500
$5,000,000
to $149,999,999		 500 $1,250,000 $2,500
Double Jumbo Project
$150,000,000
to $249,999,999		 500 $2,500,000 $5,000
Triple Jumbo Project
$250,000,000
or more		 500 $3,750,000 $7,500
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For more information visit the State Comptroller's website.

Skills Development Fund

KEDC can apply for funding through the Texas Workforce Commission to pay for customized training for the company. Training can be provided by the company or Central Texas College.

Texas Industry Loan Program

KEDC can leverage local incentive funds with state funds for projects above $5 million. Funds can be used for land, buildings, construction and equipment.

Industrial Revenue Bonds

This is a tax-exempt financing program to finance land and depreciable property for industrial and manufacturing projects. Eligible projects range in size from $2 to $10 million. Debt service on the bonds is paid by the company.

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