Texas $62M woo companies; $68M leftover
TEXAS – The Texas Enterprise Fund has spent nearly $62 million this year alone to lure companies and jobs to the state. More than $68 million remains in the fund to bring in additional business.
The incentive money promised so far will bring 6,415 jobs and $400 million in capital investment by companies headed to Texas from across the U.S. or expanding existing operations here, according to figures from Gov. Rick Perry’s office.
The figures account for projects announced through July 8.
The Legislature created the TEF in 2003 and reauthorized funding in 2005, 2007, 2009, 2011 and 2013 to fuel growth of Texas businesses and create jobs statewide. TEF projects must be approved by the governor, lieutenant governor and speaker of the House.
To date, the TEF has invested more than $560 million and closed the deal on projects generating about 74,800 new jobs and more than $24 billion in capital investment in the state.
| Company | City | Jobs created | TEF award |
| Toyota Motor North America Inc. | Plano | 3,650 | $40 million |
| Active Network LLC | Dallas | 1,000 | $8.6 million |
| Athenahealth | Austin | 607 | $5 million |
| Dropbox | Austin | 170 | $1.5 million |
| Websense | Austin | 445 | $4.5 million |
| Prudential Insurance and HGS | El Paso | 300 | $1.2 million |
| Maverick Arms | Eagle Pass | 50 | $300,000 |
*ranked by amount of TEF award
Read more at the Austin Business Journal andDallas Business Journal.
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