Texas $62M woo companies; $68M leftoverTexas $62M woo companies; $68M leftoverhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=36422014-07-11T14:03:00Z2014-07-11T06:58:00Z

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.

Texas Enterprise Fund Projects in 2014 Under Contract*
Company City Jobs
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 and Dallas Business Journal.

Austin Business Journal
http://www.bizjournals.com/austin/blog/morning_call/2014/07/texas-relocation-tab-jumps-to-61m-this-year.htmlRead more at {Source}

 Search NewsTalk Texas