Economic Development Bank

The Bank is Texas' newest tool to promote job creation in the Lone Star State. Created by the 78th Legislature in 2003, the Bank provides incentives to businesses wishing to relocate or expand in Texas, as well as assist local communities in accessing capital for economic development.

Development Programs

Targeted for "Early Stage" Businesses, Development Programs include:

• Small Business Assistance
• Product Development Fund and Small Business Incubator Fund

Finance Programs

Targeted for "Growth Stage" Businesses, Finance Programs include:

• Texas Leverage Fund
• Industrial Revenue Bond Program
• Texas Industry Development Loan Program
• Capital Access Program
• Linked Deposit

Enterprise Programs

Targeted Incentives for "Mature" Businesses, Development Programs include:

• Texas Enterprise Zone Program
• Defense Economic Readjustment Zone Program
• Federal Enterprise Zone / Renewal Community Program

For more information on the Economic Development Bank, please contact us at (512) 936-0100.