City and State Incentives
Rusk, TX, located in one of the most business friendly states in the country, offers a wealth of incentive opportunities for organizations considering establishing a presence in the area. The Rusk Economic Development Corporation (REDC) offers customized incentive packages, including local and state incentives, to suit the specific needs of businesses.
The state of Texas provides a range of incentives, and REDC can help businesses explore and take advantage of these opportunities. Whether you’re a new business looking to establish roots in Rusk or an existing business looking to
expand, there are a variety of incentive options available to help support your growth and success. Contact us today to learn more about the incentives available to your organization in Rusk, TX.
The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a performance-based financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy.
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.
The Self-Sufficiency Fund is a job training program that is designed for individuals that receive Temporary Assistance for Needy Families (TANF). The program links the business community with local educational institutions and is administered by the Texas Workforce Commission.
The Product Development and Small Business Incubator Fund (PDSBI) offers long-term, asset-backed loans to product development companies and small business incubators/accelerators located in Texas. The loans finance the development and production of new or improved products or the stimulations of new or existing small businesses in Texas.
All applicants must have 3 years of operating history to be eligible for a loan.
The Skills Development Fund is Texas’ premier upskilling program. SDF grants provide site-specific, customized training opportunities for Texas businesses and their employees to increase skill levels and wages of the Texas workforce.
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 a government unit, but their proceeds are passed on to private businesses, which are generally responsible for debt service payment.
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.