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Rural Economic Development Incentives

The Texas Department of Agriculture has a Rural Economic Development Division which administers the following three programs:

Rural Municipal Finance Program

The Texas Department of Agriculture created the Texas Agricultural Finance Authority (TAFA) in 1987. TAFA established the Rural Municipal Finance Program to stimulate economic activity in rural Texas.  

This loan program is designed for eligible applicants located within rural areas of the state that provide significant benefits for the rural area, and provide evidence of ability to repay the commitments.  Applicants may include: city and county governments; economic development corporations; hospital districts; rail districts; utility districts; special districts; agricultural districts; and private water and wastewater corporations.

Rural Municipal Finance Program
P.O. Box 12847
Austin, TX 78711
877/428-7848

https://www.texasagriculture.gov/GrantsServices/RuralEconomicDevelopment/TexasAgriculturalFinanceAuthority.aspx

Texas Capital Fund: Infrastructure Program

The Texas Capital Fund Infrastructure Program is an economic development tool designed to provide financial resources to non-entitlement communities.  Funds from this program may be utilized for public infrastructure (water, sewer, roads, etc.) needed to assist a business, which commits to create and/or retain permanent jobs (primarily for low and moderate-income persons). 

Texas Capital Fund: Real Estate Development Program

The Texas Capital Fund Real Estate Development Program is designed to encourage business development and expansions located in non-entitlement communities.  Funds must be used for real estate development (acquisitions, construction and/or rehabilitation) to assist a business, which commits to create and/or retain permanent jobs (primarily for low and moderate-income persons). 

Total combined Texas Capital Fund participation from both the Infrastructure Program and the Real Estate Development Program may not exceed 750,000 USD.

Texas Capital Fund Program
P.O. Box 12847
Austin, TX 78711
512/936-7894

https://texasagriculture.gov/GrantsServices/RuralEconomicDevelopment/RuralCommunityDevelopmentBlockGrant(CDBG)/CDBGResources/Applications/INFRARE.aspx