Incentives / Guidelines


State Incentives

Texas Emerging Technology Fund

“In Texas, we understand that high-tech companies don’t just happen overnight but are a product of forethought, sound vision and planning, and strategic investments by both the public and private sectors. Through our Emerging Technology Fund, we are bringing the best scientists and researchers to Texas, attracting high-tech jobs and helping start-up companies get off the ground faster.”   — Gov. Rick Perry

The Emerging Technology Fund (ETF) was created by the Texas Legislature in 2005 to provide Texas with an unparalleled advantage in the research, development, and commercialization of emerging technologies.
ETF grants are awarded in the following three areas:

  • Commercialization Awards: funds to help companies take ideas from concept to development to ready for the marketplace.
  • Matching Awards: funds create public-private partnerships which leverage the unique strengths of universities, federal government grant programs, and industry.
  • Research Superiority Acquisition: funds for Texas higher education institutions to recruit the best research talent in the world.

Visit the Economic Development and Tourism division of the Governor’s Office for more information.  www.governor.state.tx.us/ecodev/etf/

 

Texas Enterprise Fund

“The door is open for business in Texas, and the Texas Enterprise Fund allows us to put that sign up in neon.”  --Governor Rick Perry

The 78th Texas Legislature established the Texas Enterprise Fund (TEF) in 2003 to help attract new jobs and investment to the state. The fund was reauthorized by the Legislature in 2005, 2007, and 2009. As the largest “deal-closing” fund of its kind in the nation, the TEF continues to attract businesses to Texas. The fund is used only as a final incentive tool where a single Texas site is competing with another viable out-of-state option. Additionally, the TEF will only be considered to help close a deal that already has significant local support behind it from a prospective Texas community.

Projects that are considered for the TEF must demonstrate a significant rate of return on the public dollars being invested in the project. Additionally there are several primary measures that every TEF project must meet in order to be considered for an award. Those include but are not limited to the following:

  • Competition with another state for the project must exist and the business must not have already announced a location decision
  • Projected new job creation must be significant – past recipients have typically created more than 100 jobs in urban areas or more than 50 in rural areas
  • The new positions must be high-paying jobs – above the average wage of the county where the project would be located
  • Capital investment by the company must be significant
  • The project must have community involvement from the city, county and/or school district, primarily in the form of local economic incentive offers
  • The applicant must be financially sound
  • The applicant’s business sector must be an advanced industry that could potentially locate in another state or country

Visit the Economic Development and Tourism division of the Governor’s Office for more information.  www.governor.state.tx.us/ecodev/financial_resources/texas_enterprise_fund/

 

Local Incentives

The City of Conroe and the Conroe Industrial Development Corporation strive to give businesses looking to relocate the best local incentives out there.  We updates and add new incentives regularly, so please call 936.538.7118 or email us for the most up-to-date list of incentives.

 

Guidelines

To preserve the natural resources and maintain certain aesthetic and building standards Deison Technology Park has developed a set of guidelines.  Here are a few of the areas covered by the guidelines:

  • Signage
  • Pathways
  • Parking Design
  • Landscaping
  • Barriers & Screens
  • Lighting
  • Architectural Character & Materials

Email us to get the most up-to-date guidelines.

 

Note: All incentives and guidelines are subject to change.  Please call 936.538.7118 or email us to confirm you have the most up-to-date version.