CITY OF AUSTIN INCENTIVES

• City of Austin Economic Development Policy and Matrix
  The City of Austin strives to maintain healthy existing businesses and works to promote new business locations employing a vibrant and educated workforce. Business investment in Austin results in an improved tax base, career opportunities, economic diversity, new ideas, business exports, and new money in the local economy. Austin’s Firm-Based incentive policy incorporates community assets into companies either expanding or establishing new locations in the city. Each company is evaluated criteria and scored accordingly. This process ensures quality city investment into projects matching the region’s competitive advantages and results in viable opportunities for the local workforce.
  
  The Economic Development Policy is currently being updated to include emerging technologies as a new area of focus. The new policy will be added to this site as soon as it is completed.
  
  City of Austin Incentive Process Summary (PDF)
  
  For more information about the City of Austin's Economic Development Policy, please contact Brian Hamilton at (512) 974-6381.

   

• Creative Industries Loan Guarantee Program
  The City of Austin established a Creative Industries Loan Guarantee Program to help individuals, companies, and nonprofits involved in music, film, art, and technology.
  
  Loan Program Information (PDF)
  Loan Program Application (PDF)
  
  For more information about the City of Austin's Creative Industries Loan Guarantee Program, please contact Jim Butler, Creative Industries Development Manager at (512) 974-6318.

   

STATE OF TEXAS INCENTIVES

• Texas Emerging Technology Fund
  The Texas Emerging Techology Fund brings new ideas and products to the marketplace today. This innovation and the commercialization will have a long-term profound impact on Texas. Priority is given to emerging technology projects that will enhance Texas’ global competitiveness that are collaborative and leverage both critical expertise and financial resources. Not only will these ETF investments demonstrate economic benefits but also result in significant medical and or scientific breakthroughs which will improve people’s lives.

• Central Texas Regional Center of Innovation & Commercialization (RCIC)
  The CenTex RCIC serves as a catalyst for emerging technology research, development, commercialization, and start-up incubation in Central Texas as part of Texas’ efforts to remain globally competitive. The CenTex RCIC is an enabler for coordinating the region’s research entities and technology firms in regards to the Texas Emerging Technology Fund. The center focuses on integrating technology development and commercialization.