Texas Enterprise Zone Program

E811969

The Texas Enterprise Zone Program is a state economic development initiative that provides incentives to businesses that invest and create jobs in designated economically distressed areas of Texas.

All labels observed (2)

How this entity was disambiguated

Statements (50)

Predicate Object
instanceOf business incentive program ⓘ
state economic development program ⓘ
administeredBy Office of the Governor of Texas ⓘ
Texas Economic Development and Tourism Office ⓘ
beneficiary large capital-intensive projects ⓘ
logistics and distribution businesses ⓘ
manufacturing businesses ⓘ
service sector businesses ⓘ
small and medium-sized enterprises ⓘ
benefitCap maximum refund amount depends on capital investment and number of jobs created or retained ⓘ
benefitForm refund of state sales and use taxes paid on qualified expenditures ⓘ
complianceRequirement maintenance of job levels during designation period ⓘ
periodic reporting of job and investment performance ⓘ
country United States ⓘ
designationDuration up to five years ⓘ
designationLimit state limits the number of enterprise project designations per biennium ⓘ
designationType enterprise project designation ⓘ
economicDistressCriteria high poverty rates ⓘ
high unemployment ⓘ
low income ⓘ
eligibilityRequirement a percentage of new or retained jobs must be held by economically disadvantaged or enterprise zone residents ⓘ
business must be designated as an enterprise project by the state ⓘ
business must create or retain permanent jobs ⓘ
capital investment thresholds apply based on project size ⓘ
project must be located in or near a designated enterprise zone or meet alternative criteria ⓘ
focusArea investment in distressed census tracts ⓘ
job creation for economically disadvantaged individuals ⓘ
redevelopment of underutilized or blighted areas ⓘ
geographicScope designated enterprise zones within Texas ⓘ
eligible areas defined by economic distress criteria ⓘ
incentiveType state sales and use tax refund ⓘ
jobRequirement minimum number of new or retained full-time jobs based on project size ⓘ
legalBasis Texas Government Code Chapter 2303 ⓘ
penalty reduction or recapture of tax refunds for noncompliance ⓘ
purpose encourage private investment in economically distressed areas ⓘ
promote job creation in Texas ⓘ
promote job retention in Texas ⓘ
stimulate economic development in disadvantaged communities ⓘ
relatedConcept enterprise zone ⓘ
place-based incentives ⓘ
targeted economic development ⓘ
relatedProgram Texas Enterprise Zone Act ⓘ
requires application to the Office of the Governor ⓘ
local community support or nomination ⓘ
sector business incentives ⓘ
economic development ⓘ
state Texas ⓘ
targets businesses in economically distressed areas ⓘ
enterprises locating or expanding in enterprise zones ⓘ
qualified business projects ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Texas Enterprise Zone Program → relatedProgram → Texas Enterprise Zone Act ⓘ
linked to: Texas Enterprise Zone Program