Investment, jobs lured to Austin with TEFInvestment, jobs lured to Austin with TEFhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=36562014-07-10T11:48:00Z2014-07-10T00:00:00Z

AUSTIN - The Texas Enterprise Fund (TEF) has spent at least $11 million in 2014 to lure companies and jobs to Austin. The incentive money promised so far could bring 1.222 jobs to the city, according to Governor Rick Perry’s office.

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.

Here's a look at the projects funded by the TEF in 2014:

Texas Enterprise Fund Projects in 2014*
Company City Jobs
TEF award
Athenahealth Austin 607 $5 million
Websense Austin 445 $4.5 million
Dropbox Austin 170 $1.5 million
Active Network LLC Dallas 1,000 $8.6 million
Maverick Arms Eagle Pass 50 $300,000
Prudential Insurance and HGS El Paso 300 $1.2 million
Toyota Motor North America Inc. Plano 3,650 $40 million

*Ranked alphabetically by city

Read more at the Austin Business Journal. For more on Austin's job growth, see previous story Austin's job factory gears up 2014.

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

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