Operating a Small business in Texas, Government Assistance Programs

STAFF WRITER • June 7, 2024
small business austin texas

Texas Small Business Funding Programs


The state of Texas is committed to nurturing small business growth and development through a variety of funding programs designed to bolster its economic landscape. Key among these initiatives is the Texas Small Business Credit Initiative (TSBCI), which offers substantial resources to promote job creation and entrepreneurial endeavors.


Small Business Development Centers (SBDCs), in partnership with the U.S. Small Business Administration, play a pivotal role in supporting small business owners. They provide essential education, personalized consulting, and crucial support to help businesses navigate the competitive marketplace.

The Texas Economic Development and Tourism Office is integral in sustaining the vitality of the Texas economy. Through various programs and partnerships, they offer robust support to businesses aiming to thrive in Texas's dynamic market. The office prioritizes initiatives that address economic development opportunities across a wide range of industries and geographical areas within the state.


As part of the state’s implementation of the Small Business Credit Initiative, there is a significant focus on empowering traditionally marginalized business owners and those most impacted by economic disruptions, such as the COVID-19 pandemic. The initiative ensures that small businesses have enhanced access to the funding they need.


- Capital Access Program (CAP): This program assists Texas businesses in securing loans for expansion and operational costs.

- Loan Guarantee Program (LGP): This program provides loan guarantees to mitigate risk for lenders, thereby increasing the likelihood of funding approval for small businesses.


Read more on designrush


What if you don't want a Loan?? What if you want a nonrepayable note to assist your Small business in Texas ?

yes this is for you.


Businesses with 499 employees or fewer are encouraged to utilize these programs to seize growth opportunities within the Texas market.


The Texas Enterprise Zone Program (EZP) is a state initiative aimed at stimulating private investment and job creation in economically distressed regions of Texas through state sales and use tax refunds on qualified expenditures. To participate, companies must be nominated by Texas communities, which submit applications on their behalf. These companies are required to meet minimum capital investment thresholds and demonstrate job creation or retention, prioritizing employment for economically disadvantaged individuals, enterprise zone residents, or veterans.


EZP designations are effective starting 90 days before the application round deadline and last between 1 to 5 years from the date of designation. The refund structure varies based on the level of capital investment:


- For a “Half Enterprise Project” (investment of $40,000 to $5,000,000 or more), a maximum of 250 jobs can be allocated with a potential refund cap of $625,000, or $2,500 per job.


- For an “Enterprise Project” (investment of $5,000,000 to $149,999,999), up to 500 jobs are allocated, with a refund limit of $1,250,000, or $2,500 per job.


- For “Double Jumbo Projects” (investment of $150,000,000 to $249,999,999), a maximum of 500 jobs can be allocated, with a $2,500,000 refund limit, or $5,000 per job.


- “Triple Jumbo Projects” (investment of $250,000,000 or more) also cap at 500 jobs, with a maximum refund of $3,750,000, or $7,500 per job.

Notably, for Double and Triple Jumbo Projects, job retention cannot be counted for benefit.

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What are business grants and what is the Texas Enterprise fund ?


The Texas Enterprise Zone Program promotes job creation and private investment in economically distressed areas by allowing local communities to partner with the state for economic development.


Moreover, the Texas Enterprise Fund (TEF) serves as a significant mechanism to support large-scale economic projects in the state. Although primarily designed for substantial projects, the benefits trickle down to small businesses through indirect job creation and increased economic activity. In addition to the TEF, programs such as Events Trust Funds and the Texas Jobs, Energy, Technology & Innovation (JETI) initiative focus on large-scale projects but can yield downstream benefits for the broader economic landscape.


For small businesses, understanding and leveraging these programs can be crucial. Texas also offers targeted resources like the Governor’s University Research Initiative (GURI), which, although mainly aimed at higher education institutions, opens opportunities for partnerships in research and innovation.


Programs like the Texas Semiconductor Innovation Fund (TSIF) specifically support semiconductor-related businesses.

texas gov small business programs - news

Texas has always been synonymous with innovation and opportunity, and today, it's the best place in the nation for business. With 3.2 million small businesses and counting, the Lone Star State is a haven for dreamers and doers alike.



 Texas government assistance programs for small businesses


The landscape of the state's economy across various sectors. At its core, the objective is to foster growth, innovation, and sustainability among small enterprises by providing them with the necessary tools and resources to thrive. These programs encompass a range of financial aids such as grants, loans with favorable terms, and tax incentives aimed at reducing operational burdens while encouraging expansion and job creation.


Beyond financial assistance, Texas also offers a plethora of developmental resources including mentorship opportunities, training workshops, and technical support tailored to meet the unique needs of small business owners. These educational components are pivotal in equipping entrepreneurs with knowledge on market trends, business management strategies, and compliance with regulatory requirements.


A notable aspect of Texas' approach is its focus on inclusivity and accessibility. Special initiatives target minority-owned businesses, women entrepreneurs, veterans transitioning into the civilian workforce, and businesses operating in economically disadvantaged areas. This holistic strategy ensures that a wide array of businesses can benefit from state support regardless of their background or location within Texas.


Moreover, the state actively fosters partnerships between small businesses and local governments to ensure that economic development efforts are synchronized and impactful. Through these collaborative endeavors, Texas not only nurtures its entrepreneurial ecosystem but also solidifies its reputation as a fertile ground for business innovation and growth.
Governor Abbott is committed to making Texas the number one place for veterans, minority, and women-owned businesses. With a range of specialized resources, we ensure that every entrepreneur has the opportunity to succeed. Public procurement can offer significant opportunities. Our team works to help local businesses compete successfully in the government marketplace, providing valuable resources and guidance.


Explore these key resources and take your next big step today. Texas is ready to support your success. Let’s make your business dreams a reality.


- Small Business Benefits in Texas:

- Texas Small Business Credit Initiative (TSBCI):

- Supports programs for small business growth

- Increases access to funding

- Targets marginalized businesses and those impacted by COVID-19

- Expected allocation: over $472 million


- Skills Development Fund:

- Finances customized job training for local businesses

- Established in 1995

- Administered by the Texas Workforce Commission

- Forms partnerships with local community colleges and technical schools

- Average training cost: $2,000 per trainee (varies by proposal)


- Self-Sufficiency Fund:

- Provides job training for recipients of Temporary Assistance for Needy Families (TANF)

- Links businesses with educational institutions

- Administered by the Texas Workforce Commission

- Grants available for customized job training and support services

- Requires joint application from employer and eligible educational entity

- Opportunity Zones:

- Offers tax incentives for investments in economically distressed communities

- Aimed at revitalizing underserved areas

- Industrial Revenue Bonds:

- Provides affordable financing options for manufacturing facilities and other projects

- Helps lower overall borrowing costs for small businesses

Who Won Beast Games? Winner Of Biggest TV Cash Prize Ever Revealed

By STAFF WRITER • February 15, 2025
Player 831, Jeffrey Randall Allen, took home the largest cash prize in TV history—$10 million—after outlasting 1,000 contestants in a series of intense physical, mental, and social challenges. The prize doubled from $5 million to $10 million following a dramatic coin toss in the penultimate episode, making Allen's victory even more monumental. Allen's win came after a nail-biting final challenge where he and Player 830, Twana Barnett, had to choose from ten briefcases, one containing the $10 million cheque. Allen guessed correctly on his first try and plans to use part of his winnings to fund research for his son's rare condition, Creatine Transporter Deficiency. While Allen claimed the top prize, MrBeast revealed that over $20 million in prizes were distributed among 85 contestants, including a $1.8 million private island won by Player 952, Mia Speight Beast Game has been lauded for its massive scale and record-breaking 50 Guinness World Records, becoming Prime Video's most-watched unscripted show with 50 million global views. While Season 2 has not been officially confirmed, MrBeast has expressed confidence in its continuation, leaving fans eager for more high-stakes drama and unprecedented prizes. Beast Games Controversy and Lawsuit Beast Games is a reality competition series created by YouTube star Jimmy Donaldson , known by his online alias MrBeast , in partnership with Amazon Prime Video is being sued by contestants . Beast Games is inspired by both MrBeast's popular YouTube challenge videos and the global phenomenon " Squid Game ," although without the lethal consequences. Contestants participate in a mix of physical, mental, and social challenges, set in grand, purpose-built environments, including a specially constructed city dubbed " Beast City . " The show has attracted significant attention for its scale, with a reported production budget over $100 million , and for breaking numerous world records during its filming. Where to watch Beast Games ? Beast Game premiered on December 19, 2024, with episodes released weekly on Prime Video. Despite its popularity, with over 50 million viewers in the first 25 days, it has also faced criticism for its high-stakes nature, the potential message it sends about money, and controversy surrounding alleged poor working conditions during production. Nevertheless, it represents a significant crossover of online content creators into mainstream media, showcasing MrBeast's ability to captivate an audience across different platforms. BEAST GAMES SEASON 2 CONFIRMED ? Yes, welll not technically. MrBeast (Jimmy Donaldson) has expressed confidence in the continuation of the series. In interviews, he has hinted at plans for future seasons, stating, "I love what we did with Beast Games... There's no way we're not," indicating a strong likelihood of a Season 2. Web Content : Articles from various sources, like esports.gg and Yahoo, have discussed the potential for Season 2, with some citing MrBeast's comments as a near-confirmation, although no official announcement from Amazon has been made. Application Website : The official Beast Games website encourages people to sign up for notifications when applications for future seasons reopen, suggesting planning for more seasons. W hile these signs collectively point towards a high probability of Beast Games returning for a second season, without an official statement from Amazon Prime Video, it remains unconfirmed.

Life Time To Expand In Austin, Texas With Luxurious South Lamar Athletic Country Club

By Max D. • December 23, 2024
Life Time Fitness, is preparing to broaden its reach with a new venture that promises an unparalleled fusion of fitness and luxury in the vibrant city of Austin, Texas on south Lamar. As the city continues to thrive as a cultural and economic hub, Life Time has set its sights on the upscale locality of South Lamar for its latest venture—a grand athletic country club that is anticipated to open in mid-2025. This expansion is emblematic of the company's vision to create more than just a gym, offering a sanctuary where health, well-being, and community converge. The South Lamar Athletic Country Club Project - Lifetime Fitness The new South Lamar location is designed to embody the pinnacle of luxury and state-of-the-art facilities, ensuring that every aspect of fitness and lifestyle is catered to with exceptional attention to detail. This facility will be equipped with cutting-edge workout equipment, top-tier personal training services, and expansive spaces dedicated to holistic wellness, including yoga studios, spa amenities, and nutritional counseling centers. Beyond the focus on physical fitness, Life Time intends to craft an environment that fosters social interaction and community building, with spaces perfectly suited for gatherings, events, and leisure. The choice of Austin for this expansion is far from coincidental. Known for its eclectic mix of cultures, booming tech industry, and dynamic lifestyle, Austin provides a fertile ground for Life Time to introduce its unique combination of fitness and luxury living. By situating in one of the city’s most esteemed neighborhoods, Life Time seeks not only to enhance the lifestyle of its members but also to deepen its roots within the Austin community, contributing to the city’s ongoing narrative of growth and innovation. Everything we know about the New Lifetime in Austin. The South Lamar Athletic Country Club project represents a significant expansion for Life Time as part of its strategic growth within Austin, Texas, a city known for its vibrant culture and thriving economy. Scheduled to open by mid-2025, this luxurious facility aims to provide an unparalleled health and wellness experience to members, embodying Life Time’s commitment to creating premier athletic resorts. Spa, Sauna, Cold Plunge, Red Light, and more.... The project is set to feature a comprehensive array of amenities, including expansive workout areas equipped with the latest in fitness technology, multiple swimming pools, both indoors and outdoors, and specialized studios for group activities such as yoga, pilates, and spinning. Additionally, plans include restorative spa services and high-end dining options, ensuring that members can enjoy a holistic wellness experience. The facility will likely include multiple studios dedicated to group classes, such as yoga, pilates, cycling, and high-intensity interval training, each led by experienced and motivating instructors. A key feature of the development will be its lavish aquatic center, featuring both indoor and outdoor pools, designed for lap swimming, leisure, and aquatics classes. Families will appreciate amenities like children's pools and water play areas, alongside a dedicated Kids Academy offering activities and programs to nurture young members' fitness journeys. Furthermore, the country club will house a full-service spa providing rejuvenating treatments, including massages, facials, and body therapies, offering members a holistic approach to wellness . Members can also enjoy healthy dining options at the on-site café and restaurant, which will serve a menu of nutritious and gourmet dishes crafted to complement a fit lifestyle. When is South Lamar Lifetime Expected to open ? Life Time Fitness is making significant strides in expanding its footprint, with a new luxurious athletic country club slated to open on South Lamar in Austin, Texas by mid-2025. The decision to expand in Austin follows thorough market research and aligns with Life Time's mission to inspire and support a healthy way of life. Austin's vibrant and health-conscious community presents an ideal backdrop for this ambitious project. As one of the fastest-growing cities in the U.S., Austin is well known for its dynamic lifestyle, which complements Life Time's vision of an athletic country club that offers more than just fitness facilities. The development process for the South Lamar location has been meticulously planned. Key phases such as securing the property, architectural design, and obtaining necessary city approvals are underway, setting the groundwork for construction. Strategic Importance Of The Austin Expansion For Life Time as a Company $LTH The strategic importance of Life Time’s expansion into Austin, Texas, with the establishment of the luxurious South Lamar Athletic Country Club, is multifaceted and aligns with the company's long-term growth objectives The guiding principle was to go beyond gyms by combining fitness with health services, personal training, and social environments, thereby fostering a holistic approach to wellness. Life Time, Inc. ($LTH) has established itself as a prominent player in the premium health and wellness market, offering a comprehensive range of services that extend beyond traditional gym facilities.
austin texas ranked 6th most fun city by wallethub

Austin Ranks 6th Most Fun City In America Wallethub

By Max D. • December 23, 2024
Austin's Ranking By Wallethub Recently, Austin has garnered attention as it proudly earned the position of the sixth most fun city in America, according to a study conducted by WalletHub. This accolade is a testament to Austin's vibrant cultural scene, rich musical heritage, and eclectic array of recreational offerings that together create a dynamic and inviting atmosphere for both residents and visitors alike. Known fondly as the " Live Music Capital of the World ," Austin offers an unparalleled variety of musical experiences, with a plethora of venues and festivals that celebrate diverse genres and talents. Criteria Used For Ranking Fun Cities by Wallethub: One of the primary categories considered was entertainment and recreation, which assessed the number and variety of attractions such as theaters, museums, and amusement parks. Additionally, nightlife opportunities played a crucial role, where the availability and diversity of establishments like bars, nightclubs, and live music venues were scrutinized. Austin's Key Attractions And Entertainment Options With iconic venues such as the Moody Center and Stubb’s Bar-B-Q , music lovers can enjoy performances ranging from local indie bands to internationally renowned artists. The city’s bustling nightlife is further enriched by its eclectic mix of bars on Sixth Street and the upscale lounges in the Warehouse District. In addition to its musical offerings, Austin boasts a thriving arts scene. The Blanton Museum of Art and the Contemporary Austin provide residents and visitors with opportunities to explore thought-provoking exhibits and awe-inspiring collections. For those interested in the performing arts, the Long Center for the Performing Arts hosts an array of events, from ballet to Broadway shows . Nature enthusiasts will find respite in Austin’s numerous parks and outdoor spaces. The expansive Zilker Park offers picnicking, kayaking, and the annual Austin City Limits Music Festival. Lady Bird Lake provides a scenic backdrop for walking, jogging, and paddleboarding. Foodies can indulge in Austin’s diverse culinary scene, which ranges from traditional Texas barbecue to innovative food truck creations, ensuring that every palate is satisfied. This vibrant mix of cultural, recreational, and culinary experiences solidifies Austin’s reputation as one of the most fun cities in America. Comparison With Other Top Ranked Cities: opping the list, Las Vegas is renowned for its electrifying entertainment hub, offering a plethora of casinos, shows, concerts, and world-class dining experiences. Its iconic Strip draws millions for the sheer variety of fun and excitement. Meanwhile, New York City, coming in at a close second, provides an unparalleled diversity of attractions, from Broadway shows to an eclectic mix of neighborhoods, museums, and culinary delights. Its never-sleeping city vibe is an endless source of amusement. Orlando, ranking third, attracts fun-seekers with its world-famous theme parks like Walt Disney World and Universal Studios. These parks are magnets for families and thrill-seekers alike. Miami, standing fourth, combines its vibrant Latin culture with stunning beaches, making it a prime destination for nightlife enthusiasts and sun-seekers. Fifth on the list, Chicago is cherished for its rich arts scene, architectural tours, and deep-dish pizza, offering a rounded palette of enjoyable experiences. In this context, Austin's sixth place emphasizes its rising prominence as a city that offers a unique blend of live music, innovative food, and outdoor activities that contribute splendidly to its fun factor. The Austin Lifestyle; Beyond its music scene, Austin is home to a dynamic arts culture, with numerous galleries, street art, and museums showcasing both local and international talents. The city's culinary landscape is equally diverse, offering an eclectic mix of food trucks and upscale dining experiences that cater to food enthusiasts and casual diners alike. Moreover, Austin's commitment to outdoor recreation, with its extensive network of parks, trails, and natural swimming spots, provides ample opportunities for active living and relaxation. The city's commitment to fostering an inclusive and progressive community further enhances its livability, drawing individuals who value creativity and innovation. Ultimately, Austin's lifestyle offerings are a key factor in its high fun ranking, making it a desirable destination for both residents and visitors. Austin's recognition as the 6th most fun city in America by WalletHub highlights its vibrant entertainment scene, which is poised for continued growth and innovation.
loro 2nd location opening in Domain

Loro 2 | The BBQ Asian Smoke House Loro is its Second Location In The Domain Dec 21St

By Max D. • December 13, 2024
L oro BBQ Asian Smokehouse: The Hot New Restaurant Opening in Austin’s Domain on December 21st Food lovers in Austin have something exciting to look forward to this December. Loro BBQ Asian Smokehouse, a beloved name in the local dining scene, is expanding with a second location in the bustling Domain area. Known for its unique fusion of Asian flavors and traditional Texas barbecue, Loro has captured the hearts (and taste buds) of Austinites since its inception. Here's everything you need to know about this hot new restaurant opening and why you should mark your calendar for December 21st. What Makes Loro BBQ Unique? Loro BBQ Asian Smokehouse is not your average barbecue joint. The restaurant combines the smoky richness of classic Texas BBQ with bold and vibrant Southeast Asian flavors. This innovative concept comes from renowned chefs Tyson Cole (of Uchi fame) and Aaron Franklin (legendary pitmaster of Franklin Barbecue). Signature dishes like smoked brisket with chili hoisin sauce and grilled lemongrass chicken showcase the creativity and expertise of these culinary powerhouses. Whether you're craving juicy, tender meats or inventive plant-based options like the smoked tofu banh mi, Loro offers something for every palate. The Original Location: A Proven Success: Since its debut in Austin, Loro BBQ has become a culinary staple. The original location on South Lamar gained a devoted following for its delicious food, welcoming ambiance, and innovative menu. The partnership between Cole and Franklin has been a recipe for success, blending their distinct styles to create a menu that's truly one-of-a-kind. Rave reviews and long waitlists at the original location speak to Loro's enduring popularity. The buzz surrounding the new Domain location is a testament to the brand's widespread appeal. Details About the New Domain Location When: Opening December 21, 2024 Where: The Domain, Austin, TX The new Loro BBQ in The Domain promises to bring the same inviting ambiance and culinary excellence as the original location. The space has been thoughtfully designed with a mix of modern industrial elements and Asian-inspired decor, creating a warm and welcoming atmosphere. Highlights include: Spacious Outdoor Patio: Perfect for al fresco dining. Open Kitchen Design: Watch the talented chefs in action. Communal and Intimate Seating: Ideal for both casual meals and group gatherings. Guests will also enjoy a curated drink menu featuring craft beers, inventive cocktails, and sake to complement the vibrant flavors of the food. Why Loro BBQ Asian Smokehouse Is a Must-Visit Loro BBQ Asian Smokehouse stands out in Austin’s vibrant food scene for its innovative approach to barbecue , blending cultures and flavors to create something truly unique. The opening of its second location in The Domain allows even more people to experience this culinary gem. Whether you’re looking for a new spot to enjoy with friends or a memorable dining experience that showcases creative fusion cuisine, Loro BBQ has you covered. Don’t miss the chance to visit this hot new restaurant and see what all the buzz is about.

Plans for Texas Stock Exchange | Celebrated in TX Governor Abbots Austin Residence

By STAFF WRITER • November 28, 2024
Abbot Celebrates the Launch of Future Texas Stock Exchange in Dallas. The Texas Stock Exchange, set to emerge as a formidable player in the financial markets, presents a compelling vision that emphasizes robust regulatory standards and innovation. As the exchange nears its official launch, its leadership team and board underscore their commitment to establishing a secure and transparent trading environment that pledges to surpass the regulatory standards set by its counterparts in New York. This vision is grounded in the belief that stronger oversight will not only protect investors but also instill greater confidence in the market, encouraging participation from a diverse array of stakeholders. By fostering an ecosystem that prioritizes integrity and accountability, the Texas Stock Exchange aims to differentiate itself in a competitive landscape. Central to this vision is the integration of advanced technology tailored to enhance surveillance and compliance measures. This proactive approach ensures that the exchange remains adaptable in the face of evolving market dynamics and potential risks. The leadership team, composed of industry veterans with a wealth of experience, is dedicated to steering the exchange towards becoming a beacon of trust and efficiency. By setting a new benchmark for excellence in securities trading, the Texas Stock Exchange is poised to attract significant attention and participation from both domestic and international investors, catalyzing economic growth and solidifying Texas's position as a key hub for financial innovation. Comparing Regulatory Standards: Texas Vs. New York The regulatory landscape for stock exchanges has long been a subject of intense scrutiny and comparison, particularly when evaluating new entrants against established giants. With the impending launch of the Texas Stock Exchange, a natural point of comparison emerges with New York, home to some of the world's most prominent exchanges. The new Texas exchange is making headlines for its pledge to implement tougher regulatory standards than its New York counterparts. This commitment underscores a strategic effort to differentiate itself by prioritizing investor protection and market integrity. In New York, exchanges operate under a well-defined regulatory framework overseen by both state and federal authorities, including the Securities and Exchange Commission (SEC). While these regulations are robust, critics occasionally argue that they allow room for certain market practices that may not align perfectly with the highest standards of transparency and fairness. The Texas exchange, however, is positioning itself as a pioneer of more stringent regulatory norms. By enhancing transparency measures and reinforcing ethical trading practices, it aims to attract investors seeking a more secure environment. This approach is not just a marketing strategy. It reflects a broader ambition to challenge the status quo, promoting a climate of accountability and enhanced investor confidence. As the Texas Stock Exchange moves toward its launch, the financial world will closely watch to see if it can indeed uphold these ambitious standards. Leadership Team Assembles To Guide The New Exchange The new Texas Stock Exchange is taking significant strides as it moves closer to its highly anticipated launch, with the recent assembly of a robust leadership team and board. This strategic move underscores the exchange's commitment to establishing itself as a formidable competitor in the financial markets, with an emphasis on integrity and stringent standards that promise to surpass those of its New York counterparts. The leadership team, composed of seasoned professionals with a wealth of experience in both domestic and international markets, is poised to steer the exchange through its formative stages and beyond. Anticipated Impact On U.S. Financial Markets of Texas Stock Exchange and Crypto Markets The anticipated launch of the Texas Stock Exchange, with its pledge to implement tougher standards than its New York rivals, is poised to have a significant impact on U.S. financial markets. By promising enhanced regulatory measures, the Texas exchange aims to attract companies and investors seeking a more stringent regulatory environment, potentially shifting some trading activity away from established markets such as the New York Stock Exchange and NASDAQ. This shift could lead to increased competition among U.S. exchanges, prompting them to reassess their regulatory policies and potentially adopt similar standards to retain and attract new business. Moreover, the Texas Stock Exchange's move to establish a leadership team and board focused on innovation and rigorous compliance could serve as a catalyst for further modernization of trading practices across the country. This emphasis on enhanced standards may inspire other exchanges to innovate in terms of technology and risk management practices, fostering a more robust financial ecosystem. The entry of a new major player in the U.S. financial markets could also broaden the geographical spread of market activities, potentially decentralizing financial operations that have historically been concentrated in New York. This might lead to the growth of supporting industries and services in Texas, further diversifying the U.S. economic landscape and enhancing the resilience and competitiveness of its financial markets.
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