Texas Comptroller of Public Accounts
Texas Comptroller of Public Accounts
The State of Texas provides a number of local economic Development programs for Texas communities. The Data Analysis and Transparency Division (DAT) provides detailed information about these programs, serving as a turnkey information source for improving government efficiency and achieving economic growth. We specialize in subjects including:
Governor’s Emergency Education Relief Fund (GEER)Program Name: Governor’s Emergency Education Relief Fund (GEER) Description: The GEER II includes allowable uses of funds related to preventing, preparing for and responding to COVID-19. Governors may provide subgrants to local education agencies (LEAs) and institutions of higher education (IHEs) within their jurisdictions that have been “most significantly impacted by coronavirus” to support their ability to continue providing educational services to their students and to support the “on-going functionality” of these entities. In addition, a governor may use these funds to provide support through a subgrant or a contract to other LEAs, IHEs and education-related entities that the governor “deems essential” for carrying out emergency educational services; providing child care and early childhood education; providing social and emotional support and protecting education-related jobs. Agency Administering Program: U.S. Department of Education Eligible Government Entity: States (governor’s offices) Eligibility Criteria: Awarded to each state with an approved GEER application under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 27, 2020. Grant or Loan: Formula grant Funds Available: To be awarded based on a formula stipulated in the legislation: (1) 60 percent on the basis of the state’s relative population of individuals ages 5-24; and (2) 40 percent on the basis of the state’s relative number of children counted under Section 1124(c) of the Elementary and Secondary Education Act of 1965 (ESEA). Amount of Funds Available for Texas (cumulative):
Economic Development Webinars
These videos are to be used for informational purposes only. Continuing education (CE) credit for these topics will be available only for live events and participation.Chapter 312 Tax Abatements and Reinvestment Zones This presentation reviews:
For additional information, contact the Data Analysis and Transparency Division via email or at 844-519-5672, ext. 6-9231.
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Oklahoma City has several impactful economic tools to facilitate and encourage economic development. These tools include the strategic investment program, the urban renewal authority, tax increment finance districts, the retail incentive policy and Oklahoma City opportunity zones. Developers interested in utilizing these economic tools can contact the Alliance to learn more.
The Alliance for Economic Development of Oklahoma City was formed in 2011 to better coordinate land, incentives and economic tools that make Oklahoma City even more attractive to companies and developers. This includes the coordination, management, planning and/or implementation of:
Community Economic Recovery & Resiliency Study
STRATEGIC INVESTMENT PROGRAM
The GE Global Research Oil & Gas Technology Center, designed to advance technology in these industries, selected Oklahoma City over several other large cities in the region heavily involved in the oil and gas industry. A large factor in the selection was an economic incentive package that included SIP.
When the company opened its doors in 2016, it had already invested more than $100 million in the building, equipment and startup costs. Long-term it is estimated to generate $13 million annually in economic impact.
The Strategic Investment Program is a job-creation incentive program to help recruit jobs and employers. The program helps bring high-quality, high-paying jobs to Oklahoma City, while keeping companies accountable for their performance.
The application process is initiated through the Greater Oklahoma City Chamber of Commerce.
Funds are allocated on a pay-for-performance basis and are not released until companies prove they have fulfilled job creation requirements.
The Oklahoma City Urban Renewal Authority is the leading public redevelopment agency of Oklahoma City. It is empowered through state law with certain financial resources and legal mechanisms.
Urban Renewal is charged with the revitalization of the city's urban neighborhoods and the enhancement of its quality of life. The organization is governed by a board of commissioners nominated by the mayor and confirmed by the city council. Its day-to-day management is contracted to the Alliance for Economic Development of Oklahoma City.
For more information, visit ocura-ok.org.
Once a thriving community center, Page Woodson was a segregated school for black students in the 1960s. For the past two decades, the building sat abandoned and neglected. Through OCURA and other economic tools, the school is being revitalized into affordable housing and community performance center.
Tax increment financing districts are an economic tool to promote development in blighted, underserved, or economically distressed urban areas. TIF helps fund new economic growth that will attract new investors, consumers and employers into the area.
TIF monies can be allocated in two ways:
For more information, contact Joanna McSpadden, the City’s Economic Development Program Manager at or (405) 297-3879 or Leana Dozier, Director of Policy, Planning and Partnerships, at or (405)604-6780.
LEARN MORE ABOUT THE TIF DISTRICTS:
INCREMENT DISTRICT #8:
Devon World Headquarters Tax Increment District