Incentives Are Available in Giddings, Texas

Economic Development & Diversification In-State Tuition for Employees

Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations in the State of Texas to pay in-state tuition rates at public institutions of higher education in the state without first establishing residency.

Who Can Apply?

A city, county or economic development group covering the Texas region in which the qualified business is considering locating, may apply on behalf of the business, so long as the business is still in the decision-making process to relocate or expand its operations at the applicable site.

Type of Incentive

Qualification for in-state tuition rates at Texas public institutions of higher education for employees of qualified businesses or employees’ family members without first establishing Texas residency. The incentive lasts for a period of 5 years after the qualified business becomes established as part of the state’s Economic Development and Diversification Program (i.e., a qualifying student’s enrollment date may not be more than 5 years after the dates of the qualified business’ establishment in the program).

Eligibility Details

A qualified business:

  1. Must operate in an industry that is expected to provide high economic impact to the Texas region in which it is considering locating; should be a target industry for the state or an ancillary or support industry.
  2. Should promote highly skilled, high wage jobs.
  3. Must plan to create new positions which will be filled by local residents in addition to the transferred employees.
  4. Must be in the decision-making process to relocate or expand their operations in Texas during the application process.

Application

With a rolling application period, cities, counties and economic development groups applying on behalf of a qualified business should remember the business must not have already made a location decision at any point during the application process.

The city, county or economic development group covering the region in which the qualified business would be located must initiate a letter of request addressed to the Executive Director of the Governor’s Office of Economic Development & Tourism. The letter should indicate the following:

  1. How the eligibility criteria are met
  2. Approximate number of employees to be transferred
  3. Approximate wages to be paid
  4. Estimated capital investment in the project

Approved companies are listed on the Approved Companies List.

Contacts

Texas Economic Development

P.O. Box 12428
Austin, Texas 78711

Phone: (512) 936-0100

https://gov.texas.gov/business/page/economic-development-diversification-in-state-tuition-for-employees

Category: TX State Programs

More TX State Programs

The Capital Access Program (CAP) is a partnership between the State of Texas and selected non-profit lenders to increase access to financing for small and medium-sized businesses and non-profits which face barriers to accessing capital or fall outside of guidelines of conventional lending. The Progra... Learn More

The Governor’s University Research Initiative (GURI), enacted in 2015, is aimed at helping Texas public institutions of higher education recruit distinguished researchers from around the world to the State of Texas. The program seeks to bolster both the standing of Texas public colleges and universities and economic development efforts statewide.

Learn More
Industrial Revenue Bonds (IRBs) provide a source of tax-exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses, encourage employment, and expand the tax base of a community. IRBs are issued by Industrial Development Corporations sponsored by ... Learn More
The Opportunity Zone Program was created through the Tax Cuts & Jobs Act of 2017, and is a federal initiative administered by the U.S. Department of Treasury. The program is designed to spur economic development and job creation in distressed communities throughout the United States... Learn More

he Product Development and Small Business Incubator Fund offers long-term, asset-backed loans to near-bankable businesses commercializing new or improved products and small businesses or entities which foster growth of small businesses. The program targets those businesses which may be unable to obtain full financing or financing on workable terms in traditional capital markets.

Learn More

The Self Sufficiency Fund provides training grants for industry recognized certificates and credentials that lead to permanent full-time employment.

Learn More
For employers with more than 100 employees, customized training provided on site at the company's location is available at no cost through the Skills Development Fund program.  Texas' premier job-training program provides opportunities for Texas businesses and workers to improve skills, expand employment and increas... Learn More
The Spaceport Trust Fund (STF) is a financial tool to support the development of infrastructure necessary or useful for establishing a spaceport in the State of Texas. Fund proceeds are available to any spaceport development corporation which has secured a viable business entity if tha... Learn More

The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.

Learn More