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Eastland Economic Development Corporation
Eastland City Hall
113 E. Commerce Street
Eastland, Texas  76448

Phone: (254) 629-8321




State of Texas Incentives

The State of Texas offers a number of other programs to assist industry, primarily through Texas Economic Development.

Smart Jobs Fund
This fund assists employers by upgrading work-force skills in emerging technologies. Employers design exactly the program they feel their employees need.

Texas Leverage Fund
Available only to cities that have passed the Economic Development sales tax (as has Eastland) to provide additional funding to local businesses for expansion and funding for related community projects.

Texas Capital Fund - Infrastructure Grant Program
Grants to improve public facilities in rural communities including roads, utilities, and rail spurs to facilitate the expansion of an industry. Grants range from $5,000 to $500,000 not exceeding 50% of the total project cost.

Texas Capital Fund - Real Estate Development Program
Another source of funds to help business or industry acquire or improve real estate. The focus of this fund is to provide assistance to enterprises that will provide jobs for primarily low- or moderate-income employees. Grants range from $50,000 to $500,000, not exceeding 50% of total project cost.

Texas Manufacturing Assistance Centers (TMAC)
TMAC provides field engineers to work with small manufacturers to implement technologies and techniques that improve manufacturers’ ability to more efficiently produce high-quality products. Services include on-site assessments, process evaluation, inventory management, product development, vendor referrals, technology integration.

Texas Enterprise Zone Program
The Texas Enterprise Zone Program is designed to encourage permanent job creation and retention, as well as capital investment in economically distressed areas of Texas. The program has proven a viable economic development strategy for communities by providing state and local incentives and the local incentives to new or expanding businesses.

Businesses located in enterprise zones may be eligible for local and/or state benefits. State incentives include a refund of state sales and use taxes, franchise tax reductions, and state administered program priority. Additional state benefits are available to qualified businesses designated as enterprise projects, which are nominated by communities or counties on a competitive basis.

Texas Capital Access Program
The Texas Capital Access Fund Program was established by the 75th Legislature in September of 1997. The program is designed to increase the availability of financing for businesses and non-profit organizations that face barriers in accessing capital. It encourages financial institutions to finance businesses that do not meet the requirements of conventional loans, lack sufficient collateral to qualify for conventional financing, or do not meet other business requirements. Eligible borrowers can be any small businesses with under 100 employees, a medium-size business with employment of over 100 but fewer than 500, or a non-profit corporation. The proceeds may be used for working capital of the purchase, construction, or lease of capital assets, which include land, buildings, and equipment.

For more information regarding State of Texas incentives contact:

Texas Economic Development & Tourism
Office of the Governor

PO Box 12428
Austin, TX 78711-2428
Phone: (512) 463-2000




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