Business Incentives for Gainesville Texas

Highlighted Texas Programs

Texas, a business-friendly state, has numerous incentives for business growth.

  • Texas Enterprise Fund – Possible job creation fund of $4,000 - $6,000 per new qualifying job. 
  • Skills Development Fund – Job-training fund of up to $2,000 per employee. 
  • Texas Enterprise Zone Fund – Reimbursement of sales and use tax paid during construction; up to $2,500 per employee. Note: leased or purchased machinery, equipment, and accessories that are used or consumed in manufacturing, processing, fabricating, or repairing of tangible personal property for ultimate sale are exempt from state and local sales tax. Texas businesses are exempt from paying state sales and use tax on labor for constructing new facilities. 
  • Texas Research and Development Tax Credit – Choice between franchise tax credit and sales tax credit for materials, software, and equipment used for research and development. 
  • Permit Assistance – Assistance with environmental permitting. 
  • In-state Tuition for Employees – Employees will be eligible to pay in-state tuition at a Texas university.

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Download this PDF to find out more about incentives such as:SUMMARY OF STATE BUSINESS INCENTIVES & PROGRAMSGRANTSFrom public infrastructure projects in non-entitlement communities, to cancer research and laboratory facility construction, many types of grants are available to Texas communities and businesses.Cancer Prevention & Research General... Learn More
The JETI Act is a new competitive economic incentive program used to attract large, capital-intensive economic development projects, bringing new capital investment and creating new, high-paying jobs in Texas communities.Who Can Apply?Companies planning a new project within the following categories are eligible to apply for... Learn More
The TSIF will provide grants to state entities and institutions of higher education for semiconductor manufacturing and design projects; and award grants to business entities with an established presence within the state of Texas to encourage economic development related to semiconductor manufacturing and design. Find Eligibility... Learn More