Janie Havel Janie.Havel@gov.texas.gov 214.733.4274 Leticia.flores@gov.texas.gov
COORDINATED EFFORT
INDUSTRY CLUSTERS The state s vision to build its future economy includes the cluster initiative. The cluster initiative was created to provide a coordinated, market-driven economic development strategy focusing on industries with the greatest growth potential. Texas six industry clusters include: Ø Advanced Technology & Manufacturing Ø Aerospace, Aviation & Defense Ø Biotechnology & Life Sciences Ø Energy Ø Information & Computer Technology Ø Petroleum Refining & Chemical Products
TEXAS INCENTIVES & FINANCING
TEXAS INCENTIVES & FINANCING
TEXAS INCENTIVES & FINANCING Texas Enterprise Fund The Texas Enterprise Fund (TEF) is the largest deal-closing fund of its kind in the nation. The fund is used as a final incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of-state option. Tax Incentives Texas and local communities offer a variety of tax incentives and innovative solutions for businesses expanding in or relocating to Texas. Programs include Enterprise Zone sales tax refunds, manufacturing sales tax exemptions, property tax value limitation, and Freeport exemptions. Grants From public infrastructure projects in non-entitlement communities to cancer research and laboratory facility construction, several types of grants are available to Texas communities and businesses. Workforce Development Workforce training programs provided through the Texas Workforce Commission.
REGIONAL OFFICES
Governor s Office of Small Business Assistance Supporting Entrepreneurs, Small Businesses and Small Business Service Providers www.businessintexas.com 512.936.0213 Brad.Napp@gov.texas.gov
SMALL & MEDIUM SIZED BUSINESSES IN TEXAS Ø Texas 2.4 million small and medium sized businesses (SMEs) are key to our overall economic strength Ø SMEs businesses represent 98.6% of Texas employers (per SBA size guidelines) Ø SBF 100 (businesses with less than 100 employees): Ø 1/3 of Texas jobs Ø 1/4 of Texas GDP Ø substantial exporting volume
NURTURING SMEs Small Business initiatives Ø Governor s Small Business Forums Ø Coppell October 4 Ø Governor s Business Forum for Women Ø Houston October 11 Ø Governor s Small Business Forum Ø Texarkana October 26 Ø Small Business Service Provider Grants
NURTURING SMEs Small business initiatives Ø Trade shows and trade missions to expand exports by small businesses Ø 22 Legislative mandates by Texas statute Ø Ongoing assistance to entrepreneurs, small businesses, and HUBs Ø Disseminate information about resources provided by state agencies, federal programs and local providers Ø Improve success for Historically Underutilized Businesses in Texas
NURTURING SMEs Small business initiatives Ø Research, Studies and Surveys Ø Small Business Advisory Task Force Ø 7 appointees by the Governor, Lt. Governor and Speaker Ø Provide information to policy and legislative stakeholders
NURTURING SMEs Key Resources from the State of Texas Ø Governor s Office of Small Business Assistance Ø Governor s Office Community Relations team Ø Texas Workforce Commission Ø Skills Development Fund Ø Skills for Small Business Ø JET program Ø Workforce Solutions Ø Universities and community colleges
NURTURING SMEs Key Resources from the State of Texas and Federal Agencies Ø Small Business Development Centers (SBDCs) Ø Nearly 50 locations throughout Texas Ø Confidential, no-charge assistance for entrepreneurs and small businesses Ø U.S. Small Business Administration Ø 6 District Offices throughout Texas Ø U.S. Department of Commerce Ø Export assistance
NURTURING SMEs Key Resources from the Private Sector and Non-Profits Ø Local chamber of commerce Ø Local economic development organization Ø SCORE Ø Microlenders Ø PeopleFund Ø LiftFund Ø BCL of Texas
TEXAS HOSPITALITY FOR SMALL BUSINESS OWNERS Ø Small businesses Drive the Texas Economy. They excite with innovative ideas, they invigorate with new jobs, and they change the market landscape. Ø Move than 22 million small businesses call Texas home Ø And that number includes over 725,000 women and minority owned small business Ø Starting a business in Texas requires you to complete a number of basic steps and make some key decisions. Ø We ve broken the process of starting a business down into four basic steps, which are discussed in greater detail via the following links.
Step 1: Companies
SKILLS FOR SMALL BUSINESS Ø Administered by the Texas Workforce Commission (TWC), Ø Supports businesses with fewer than 100 employees Ø Emphasizes training for new workers, and helps upgrade the skills of incumbent workers. Ø Through this program, up to $2 million from the Skills Development Fund is dedicated to the backbone of Texas' business community our more than 433,000 small employers. Ø Small businesses may apply at the link below or contact your local community college: http://www.twc.state.tx.us/programs/skills-small-businessprogram-overview
SKILLS DEVELOPMENT FUND Ø 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. Ø The Texas Workforce Commission administers funding for the program. Success is achieved through collaboration among businesses, public community and technical colleges, Workforce Development Boards and economic development partners. Ø For detailed grant information, forms and documents to submit a proposal, visit the Texas Workforce Commission's Skills Development or contact your local community college. http://www.twc.state.tx.us/partners/skills-development-fund
ADDITIONAL RESOURCES Ø Reports, Directories and Data bases Ø Texas Snapshots Ø Map Room Ø Expansion and Relocation Guide Ø Community Profile Ø Texas Tourism Ø Texas Tourism Economic Impact http://www.businessintexas.com
Janie Havel Janie.Havel@gov.texas.gov 214.733.4274 Leticia.flores@gov.texas.gov