Texas Enterprise Fund

Texas Enterprise Fund

Austin, Texasgov.texas.gov

Overview

The Texas Enterprise Fund (TEF) is a state-funded financial incentive program that awards "deal-closing" cash grants to companies considering a new project in Texas for which the company is also considering sites in other states. The fund serves as a performance-based incentive for companies whose projects are projected to contribute significant capital investment and create new employment opportunities in the state. Awards are contingent on meeting targets for job creation and wages, and must be unanimously approved by the Governor, Lieutenant Governor, and Speaker of the House. It is administered by the Economic Development and Tourism division of the Office of the Governor.

Portfolio Companies

5

Investments

CompanyDateStageLead
NTxBioMay 2025GrantCo-investor
FreshRealmApr 2024GrantLead
D6Oct 2021GrantLead
SATA S.p.A.May 2016GrantLead
Ferris Mfg. Corp.Dec 2011GrantLead

Sector & Stage Mix

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Investment Activity

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2021
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FAQ

Firmographic Details

HeadquartersAustin, Texas
Year FoundedN/A

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