Texas incentives deliver business success!
Texas is a state that understands the success of its communities is tied directly to the successes of its local businesses. In addition to the plentiful incentives delivered by the City of Del Rio, there are many opportunities for businesses to receive incentives from state organizations.
Several of the most popular options are listed below. For a more extensive list, visit Texas Economic Development.
Skills Development Fund
The Skills Development Fund helps Texas businesses increase the skill levels of employees by financing customized job training through relationships with local partners.
Texas Enterprise Fund
The Texas Enterprise Fund (TEF), largest “deal-closing” fund in the nation, offers a performance-based financial incentive tool for companies planning projects that will result in significant job creation and capital investment where a single Texas site is competing with another viable out-of-state option. Grant amounts are calculated on the average wage of new employees, number of jobs created and other factors.
Texas Enterprise Zone Program
The Texas Enterprise Zone Program promotes job creation and significant private investment that will assist economically distressed areas. Designated companies are eligible to receive state sales and use tax refunds on qualified expenditures.