Many Incentives Exist to Promote Business Success in The Heart of Texas!
Contact Dorthy Jackson at 254-292-1874 with HOTEDD for help putting these and other business incentives to work for you today!
The Capital Access Program allows loans for working capital or the purchase, construction or lease of capital assets, to include buildings and equipment. Eligible businesses must have no more than 499 employees to qualify. Learn More
The US Department of Housing and Urban Development (HUD) provides federal Community Development Block Grant (CDBG) funds directly to states, which, in turn, provide the funds to small, rural cities with populations less than 50,000 and to counties that have a non-metropolitan population under 200,000... Learn More
The Economic Development and Diversification In-state Tuition Incentive allows individuals to pay in-state tuition rates at public institutions of higher education in Texas without first establishing residency. Individuals must be employees of a qualified business considering a relocation or expansion of its operations in Texas.... Learn More
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 stimulation of new or existing small businesses... Learn More
Small Businesses Can Find Good Loans through the Heart of Texas Economic Development District! The Heart of Texas Economic Development District, Inc. (HOTEDD) is pleased to announce the award of funds from USDA-Rural Development to make loans to rural small businesses at... Learn More
The Texas Enterprise Fund awards “deal-closing” grants to companies calculated on the average wage of new employees. Learn More
U.S. Foreign Trade Zone (FTZ) No. 246 is located in Waco and is an area at which tariff exemptions on imported, manufactured and exported goods on which duties are required only once they leave the FTZ. Waco has several, including the Waco Regional Airport, Waco... Learn More
The U.S. Small Business Administration’s 504 Loan Program offers small business owners with a net worth less than $7 million and net profits under $2.5 million access to the same long-term, fixed-rate financing normally reserved for larger firms. Learn More