Texas SB209 establishes a technology and innovation program to match or supplement federal funding for businesses.
Texas SB209 creates the Texas technology and innovation program, administered by the Texas Economic Development and Tourism Office. The program aims to foster job creation and economic development by matching or supplementing federal funding received by businesses. Eligible businesses must meet certain conditions, such as being organized under Texas law or having a domestic headquarters in the state. The office can award grants immediately upon meeting specific federal funding program stages. Funding for the program comes from available state money and additional appropriations.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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