- Corporate Franchise Tax
- Property Tax
- Sales & Use Tax
- Unemployment Insurance & Workers’ Compensation
- Texas Enterprise Zone Program
- Tax Exemptions & Credits
- Training Programs
- Texas Enterprise Fund
- Chapter 380/381 Financing
- Economic Development Sales Tax Corporations
- Certified Capital Companies - Growth Capital for Texas Small Business
- Texas Capital Fund
- Texas Product Development & Small Business Incubator Fund
- Tax Increment Financing
- Industrial Revenue Bond
- Texas Moving Image Industry Incentive Program
- Foreign Trade Zone 183 of Central Texas
- Other Assistance
- Local Incentives Summary
The following sections detail the available training programs available locally.
Skills Development Fund
The Skills Development Fund is Texas' premier job-training program providing local customized training opportunities for Texas businesses and workers to increase skill levels and wages of the Texas workforce. The Texas Workforce Commission administers funding for the program. Grants are provided to help a business, consortium of businesses, or trade union form partnerships with local community colleges and technical schools to provide custom job training. The Skills Development Fund pays for the training, the college administers the grant, and businesses create new jobs and improve the skills of their current workers. Average training costs are $1,800 per trainee. However, the benefit may vary depending on the proposal. Grants for a single business may be limited to $500,000.
Skills for Small Business Program
The Skills for Small Business Program is an opportunity for small businesses (less than 100 employees) to train new workers or upgrade the skills of incumbent workers. The initiative was implemented by the Texas Workforce Commission in coordination with the Office of the Governor’s Small Business Forums to address the training needs of small business in Texas. Small businesses can apply funds to training offered by their local community or technical college, or the Texas Engineering Extension Service. TWC processes the applications and works with the college to fund the specific courses selected by businesses for their employees. The program funds tuition and fees up to $1,800 per newly hired employee and up to $900 per incumbent employee per 12-month period.
The Self-Sufficiency Fund is a job-training program that is primarily 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 goal of the Fund is to assist TANF recipients to become independent of government financial assistance. The Fund makes grants available to eligible public colleges or to eligible private, non-profit organizations to provide customized job training and training support services for specific employers. Grant costs may include curriculum development, instructor fees and training materials, and certain work-related expenses for the trainees. Grants are typically for 12 months. Contracts that include one business partner may be limited to a maximum of $500,000.
Two regional workforce development boards serve employers in the Austin metropolitan area. Workforce Solutions—Capital Area delivers services in Travis County and Workforce Solutions—Rural Capital delivers services in the remaining metro counties. Each year Workforce Solutions assists thousands of local employers with their recruitment, hiring, and retention needs. Most services are available at no cost or low cost and include:
- Applicant recruiting: Recruitment, pre-screening and referral of motivated, qualified job applicants.
- Skills Testing, Assessment and Evaluation: Skills testing, assessments and evaluations to measure job applicants’ aptitude and ability.
- Tax Credits & Incentives: Information and assistance on applying for available worker tax credit programs.
- WorkInTexas.com: Unlimited, real time, free job posting through statewide online job matching tool with access to thousands active job seekers.
- Professional Outplacement Assistance/Rapid Response: Professional outplacement support for companies restructuring, downsizing or closing operations.
- Conference Center: Conference center for meetings, customized job fairs and applicant interviews.
- Business-focused seminars: Seminars and workshops targeting issues and challenges of employers in Central Texas.
- Customized Labor Market Information: Local and state labor market information including growth trends, wage data and labor supply.