Texas Enterprise Fund

The other thing that Abbott did, he said, oh, I have this pot of taxpayer money.

I get money, we call it the Texas Enterprise Fund, and I can effectively award it to anybody I want.

So...

He Abbott says, hey, data centers, not only are we going to exempt you from sales tax, I'm going to give you a cash payment, a credit from the Texas Enterprise Fund, 10 million, 20 million, 30 million to incentivize you to come to Texas.

And and that's all true.

Right.

He didn't say who he voted for, whether he just skipped it or voted D or voted for the libertarian or what he said.

I didn't vote for him and I didn't vote for him over the data centers.

More investment, more production, and more opportunities for workers are things worth celebrating.

But the announcement also included a twenty million dollar grant from the Texas Enterprise Fund controlled by the governor, Greg Abbott, along with eligibility for other incentives.

Here's where policymakers should ask a harder question.

Would Toyota have invested in Texas without these incentives? If not, how much of the investment actually depends on the subsidy? And what else could those resources have supported? Remember, these are scarce taxpayer dollars.

The venture involves a partnership structure channeling more than $15 billion into semiconductor manufacturing.

The facility is expected to employ around 3,000 people, and a $30 million allocation through the Texas Enterprise Fund received state-level authorization to support the project.

Spread across a 3,000-acre footprint, TerraFab is set to cover roughly 100 million square feet of space, with work rolling out in stages.

Land holdings of roughly 13,000 acres in the surrounding region give the company additional room to extend operations over time.

So this is another example in DFW where you're seeing all stakeholders come together.

So on this particular deal, public incentives include eighteen point five million from the City of Dallas and forty-three point eight million from the Texas Enterprise Fund, plus a forty thousand dollar veteran-created job bonus.

So this is that public-private sector kinda coming together to just continue to build on the momentum that we're seeing in this Uptown Dallas market.

Project reinforces Dallas' growing financial services cluster.