Overview
The Texas Enterprise Fund (TEF) is the State of Texas’s premier incentive program for attracting major business investments and job creation. Administered by the Office of the Governor, TEF provides performance-based financial assistance to companies considering a significant capital investment in Texas over other competing states.
Businesses exploring a location or expansion in Baytown may be eligible to apply for TEF support in partnership with the City, depending on the size and scope of the proposed project.
Purpose of the TEF Program
- Attract high-impact projects that bring long-term economic value to Baytown and Texas
- Encourage job creation and large-scale private investment
- Maintain Texas’s competitive edge in business recruitment
- Support regional economic development efforts in cities like Baytown
Benefits to Businesses
- Access to state-level grant assistance for qualifying projects
- Boosts Baytown’s visibility and competitiveness in statewide site selection decisions
- Enhanced visibility and support from state and local leadership