At \$500,000 and above, Texas business incentive programs shift toward major economic development deals involving significant job creation, capital investment, and direct negotiation with state and local officials. Programs at this level are designed for established businesses making transformative investments.
State Programs at \$500,000+
Texas Enterprise Fund
The state’s premier deal-closing fund, administered by the Governor’s Office. TEF awards are negotiated case-by-case and are typically tied to major job creation commitments (100+ jobs) and significant capital investment. TEF guide.
CPRIT Product Development Awards
The Cancer Prevention and Research Institute of Texas provides multi-million-dollar product development awards to life sciences companies commercializing cancer-related technologies.
Federal Programs at \$500,000+
- SBIR Phase II: Up to \$1.5 million for full research and development. SBIR guide.
- USDA REAP: Grants up to \$1 million for major rural energy projects.
- EDA Grants: Economic Development Administration grants for infrastructure supporting business development.
Financing at \$500,000+
- SBA 7(a): Up to \$5 million. Guide.
- SBA 504: Up to \$5.5 million. Guide.
- USDA B&I: Up to \$25 million for rural businesses.
- New Markets Tax Credits: Federal credits for investments in low-income communities, often used for \$5M+ projects.
Negotiated Local Packages
At the \$500,000+ level, Texas cities and counties regularly negotiate comprehensive incentive packages including:
- Multi-year property tax abatements
- Sales tax rebates on construction and equipment
- Infrastructure investments (roads, utilities, site prep)
- Workforce training commitments through TWC
- Enterprise Zone incentives
Find Programs at Your Scale
Our free screening report identifies programs across all levels of government. Start your free screening →