Economic Incentives & Tax Credits
High impact incentives for small businesses in Texas
Texas has led the nation in population growth over the last 17 years and continues to be a top state for job creation. As the 9th largest economy among the nations of the world, Texas offers a combination of unique competitive business advantages that no other state can claim: a business-friendly climate—with no corporate or personal income tax—along with a highly skilled and diverse workforce, easy access to global markets, robust infrastructure and a reasonable regulatory environment. From the nation’s largest “deal-closing” fund (Texas Enterprise Fund) to programs administered by the Texas Workforce Commission, a diverse range of incentives and financing options help companies locate and expand in the Lone Star State. The Skills Development Fund is an innovative program created to assist Texas public community and technical colleges to finance customized job training for their local businesses.
Top tax incentive programs for small and medium-sized businesses in Texas
Capital for Texas (C4T) small business loan program
Manufacturing Texas State Sales and Use Tax Exemption
Texas state sales and use tax exemptions are available to taxpayers who manufacture, fabricate or process tangible personal property for sale.
Texas Enterprise Fund (TEF)
TEF awards “deal closing” grants to companies considering a new project in which a single Texas site is competing with another viable out-of-state site.
Community Development Block Grant (TxCDBG) Program for Rural Texas
The primary objective of the Community Development Block Grant program is to develop viable communities by providing decent housing and suitable living environments and expanding economic opportunities principally for persons of low- to moderate-income.
Austin Business Expansion Incentive Program
The Business Expansion Incentive Program is a pay-for-performance program that pays out annually to qualified businesses.
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Get the Tax Money You're Owed in Minutes
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.