Financing

The loan program supports eligible tax-exempt public purpose projects that stimulate economic development within the community. The loans are available with low-cost, variable-rate, long-term financing with the term of the loan not extending beyond the useful life of the assets.

• Funds are available for Texas communities and eligible 501(c)3 corporations.
• Eligible projects must meet the project definition as described in the Development Corporation Act of 1979, as amended, the Texas Industry Development Program Guidelines, and all appropriate state and federal regulations as applicable to the program.
• Examples of public projects include: public facilities, community infrastructure (i.e. water, wastewater, drainage, streets), remediation on public land/facilities, and public transportation.
• Loan terms are available for participants with a credit rating of an A or above with a term not to exceed December 2025.
• A project must be found to be required or suitable for the promotion of economic development as deemed by the corporation's board of directors in the performance of its public purposes, functions, and duties.
• A project will not be eligible for funding under the program for moving existing jobs from one municipality or county in Texas to another municipality or county within the state.

Download the application form.

The Texas Industry Development Loan Program is administered by the Office of the Governor, Texas Economic Development Bank.

The TID program operates within a non-profit entity incorporated under the Development Corporation Act of 1979 (Vernon's Texas Civil Statutes Article 5190.6), as amended, Texas Small Business Industrial Development Corporation (TSBIDC). The 67th Legislature in 1981 authorized TSBIDC to issue bonds for economic development projects. TID loan obligations do not constitute any liability on the part of the State.

For Bank contact information, click here.

Texas Industry Development Program FAQ