Texas approves another $100 million to entice businesses

The state’s best-known corporate incentive program, the Texas Enterprise Fund, got its usual vote of confidence last month. Lawmakers in Austin approved another $100 million for the next two years, allocating roughly the same amount to the so-called deal-closing fund as in recent legislative sessions.

That’s welcome news in Dallas-Fort Worth, where projects over the years have won $289 million in enterprise awards, more than any region in the state.

In the most recent two-year period, D-FW companies won over three-quarters of the funds awarded. That includes millions in grants for Uber Technologies in Dallas, Microsoft in Irving, Texas Instruments in Richardson, Wesco Aircraft Hardware in Fort Worth and the Professional Golfers’ Association of America in Frisco.

The question is: How much of the money will be well-spent?

From 2019 through 2020, four companies completed their enterprise deals as advertised, according to the latest report to the…

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