Bill > HB1793

This bill modifies the eligibility requirements for receiving a grant from the Texas Enterprise Fund by establishing specific job creation and investment requirements that vary based on the population of the county where the grant will be used. The bill requires grant recipients to create a minimum number of new permanent full-time jobs and make a substantial investment within the first year of the grant agreement, with different thresholds for counties of different population sizes. For counties with at least 750,000 people, recipients must create at least 75 jobs and invest $200 million, while for counties with less than 100,000 people, the requirements are 10 jobs and a $20 million investment. The bill defines qualifying jobs as new, permanent full-time positions that are not transferred from existing facilities and may include trainees or independent contractors. The governor is authorized to adopt rules for implementing these requirements, and the changes will only apply to grant agreements entered into on or after the effective date of September 1, 2025. The purpose appears to be ensuring that economic development grants create meaningful job opportunities and investments across different types of communities in Texas.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1793