The Texoma region, spanning the Texas-Oklahoma border area around Sherman, Denison, and Gainesville, has an economy driven by manufacturing, healthcare, agriculture, and growing suburban development from the DFW metroplex. Texoma businesses may be eligible for rural development programs, workforce training grants, and cross-border economic cooperation incentives.
This guide covers the most relevant grants, loans, tax credits, and incentive programs available to Texoma Region business owners.
Federal Programs
SBA Lending Programs
Texoma businesses may access SBA 7(a) loans up to $5 million, 504 loans for commercial real estate, and Microloans up to $50,000. The SBA Dallas/Fort Worth District Office serves the region.
USDA Rural Development
Many Texoma communities qualify for USDA programs including Business & Industry loan guarantees, Rural Business Development Grants, and REAP energy efficiency grants.
WOTC Tax Credits
Texoma employers hiring from WOTC-eligible target groups may claim tax credits of $1,200 to $9,600 per qualifying hire.
State Programs
Skills Development Fund
The Texas Workforce Commission provides training grants through Grayson College and regional institutions. Manufacturing, healthcare, and logistics training programs serve regional workforce needs.
Texas Enterprise Zone Program
Several Texoma communities qualify as Enterprise Zones, offering state sales tax refunds to businesses creating jobs in qualifying areas.
Texas Manufacturing Exemptions
Texoma manufacturers may qualify for Texas sales tax exemptions on manufacturing equipment, materials consumed in production, and utilities used in manufacturing processes.
Local and Regional Resources
Sherman-Denison EDC
The Sherman and Denison economic development offices offer Chapter 380 agreements, property tax abatements, and incentive packages. The region's proximity to DFW makes it competitive for business relocation.
- Grayson College SBDC: Free consulting for Texoma businesses.
- SCORE North Texas: Free mentoring from experienced professionals.
- Texoma Council of Governments: Regional planning and business support services.
Steps for Texoma Region Business Owners
- Check USDA eligibility: Many Texoma communities qualify for rural programs.
- Contact Sherman or Denison EDC: Learn about local incentive packages.
- Explore manufacturing exemptions: Texas sales tax exemptions may reduce equipment costs.
- Partner with Grayson College: Skills Development Fund training can subsidize workforce costs.
- Visit the Grayson SBDC: Free consulting to identify matching programs.
Find Programs That May Fit Your Business
Texoma Region businesses may access a combination of federal, state, and local programs. The key is matching your business profile to available incentives.
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