12/22/2008 — Master site admin
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As you visit this site you will find pieces of information that you may want to add to a Custom Profile. To do that simply click the "add" link that is associated with that information. Once you are finished gathering data simply click "View Custom Report" and that will take you directly to your report. From there you can email, print or create a PDF of that report.
Texas Enterprise Zone Program
Program Objective
The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in economically distressed areas of the state. Local areas, such as counties and cities may nominate a company as an Enterprise Project to be eligible to participate in the Enterprise Zone Program. Legislation limits allocations to the state and local communities per biennium. The state accepts applications quarterly with deadlines on the first working day of March, June, September and December. Designated projects are eligible to apply for state sales and use tax refunds on qualified expenditures. The level and amount of refund is related to the capital investment and jobs created at the qualified business site.
| Level of Capital Investment | Maximum Number of Jobs Allocated | Maximum Potential Refund | Maximum Refund Per Job Allocated |
| $40,000 to $399,999 | 10 | $25,000 | $2,500 |
| $400,000 to $999,999 | 25 | $62,500 | $2,500 |
| $1,000,000 to $4,999,999 | 125 | $312,500 | $2,500 |
| $5,000,000 to $149,999,999 | 500 | $1,250,000 | $2,500 |
| Double Jumbo Project $150,000,000 to $249,999,999 | 500 | $2,500,000 | $5,000 |
| Triple Jumbo Project $250,000,000 or more | 500 | $3,750,000 | $7,500 |
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Communities may nominate projects, for a designation period up to five years, non-inclusive of a 90-day window prior to the application deadline. Employment and capital investment commitments must be incurred and met within this timeframe. Projects may be physically located in or outside of an Enterprise Zone. If located within a zone, the company commits that at least 25% of their new employees will meet economically disadvantaged or enterprise zone residence requirements. If located outside of a zone, the company commits that at least 35% of their new employees will meet economically disadvantaged or enterprise zone residency requirements. Under limited statutory provisions, an enterprise project designation may be granted for job retention. Cities that may nominate enterprise zone projects in the Katy Area include the City of Houston, City of Katy and City of Fulshear. Counties that may nominate projects include Fort Bend County and the Waller County. Recently, Katy Area EDC prepared the Rooms to Go Enterprise Zone Application which was approved by the State of Texas for potential rebates of over $1,000,000.