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Committee asks staff to map federal and state economic-development tools and simplify access for businesses
Summary
Staff presented an inventory of federal and state economic-development tools and the committee asked staff to package the programs and outreach into an accessible toolbox for businesses, exploring administrative handling for foreign-trade zones and other incentives.
At the Sept. 9 Development Services Committee meeting staff reviewed a menu of federal and state economic-development tools and the committee requested staff consolidate and communicate those resources in a more accessible form for businesses and developers.
Council members and staff discussed foreign-trade zones, Economic Development Administration grants, revolving loan funds, PACE financing, the Texas Enterprise Fund and Opportunity Zones, and state workforce tools such as the Skills Development Fund. Staff noted Garland has used some state programs (including the Texas Enterprise Zone and workforce grants) and that other programs, such…
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