Local Government Tools

Incentive Programs Cost

Table 2

Incentive Program Costs by Incentive Program And Type (Selected program)

Texas Econonmic Development Act – Chap. 313

Program
Ch 313 – Manufacturing
Ch 313 – R & D
Ch 313 – Renewable Energy
Ch 313 – Nuclear Power
Ch 313 TOTAL
Program Total State Award Amount
($ Millions)
Period Covered Number of Projects Average State Award Amount per Project
($ Millions)
Qualifying/ Announced Jobs Average State Cost per Job Total Firm Investments
($ Millions)
Ratio of State Awards to Total Firm Investment* Average State Award per $1,000 of Total Firm Investment*
Ch 313 – Manufacturing $801.19 2001-20101 28 $28.61 4,821 $166,188 $26,600.23 3.01% $30.12
Ch 313 – R&D $22.09 2001-20101 4 $5.52 431 $51,249 $1,121.18 1.97% $19.70
Ch 313 – Renewable Energy $733.65 2001-20101 64 $11.46 487 $1,505,920 $13,045.30 5.62% $56.24
Ch 313 – Nuclear Power $352.79 2001-20101 2 $176.39 500 $705,578 $6,560.50 5.38% $53.77
Ch 313 TOTAL $1,909.72 2001-20101 982 $19.49 6,239 $306,086 $47,327.21 4.04% $40.35


Texas Enterprise Fund

Program
TEF – Aerospace
TEF – Agribusiness
TEF – Financial Svcs & Insurance
TEF – Medical, BioMed, Pharmaceutical
TEF – Non-Renewable Energy & Petrochemical
TEF – Renewable Energy
(Manufacturing)
TEF – Manufacturing
Industries
TEF – High Tech & Semiconductors
TEF – Service Industries
TEF – IT & Wireless Communications
TEF TOTAL
Program Total State Award Amount
($ Millions)
Period Covered Number of Projects Average State Award Amount per Project
($ Millions)
Qualifying/ Announced Jobs Average State Cost per Job Total Firm Investments
($ Millions)
Ratio of State Awards to Total Firm Investment* Average State Award per $1,000 of Total Firm Investment*
TEF – Aerospace $45.25 FY04-FY10 8 $5.66 4,681 $9,666 $851.78 5.31% $53.12
TEF – Agribusiness $16.95 FY04-FY10 5 $3.39 5,412 $3,132 $436.03 3.89% $38.87
TEF – Financial Svcs & Insurance $53.35 FY04-FY10 8 $6.67 10,651 $5,009 $603.86 8.83% $88.35
TEF – Medical, BioMed, Pharmaceutical $97.66 FY04-FY10 10 $9.77 11,351 $8,604 $437.10 22.34% $223.43
TEF – Non-Renewable Energy & Petrochemical $12.83 FY04-FY10 6 $2.14 3,070 $4,178 $4,396.05 0.29% $2.92
TEF – Renewable Energy
(Manufacturing)
$2.25 FY04-FY10 3 $0.75 483 $4,648 $115.03 1.95% $19.52
TEF – Manufacturing
Industries
$18.13 FY04-FY10 11 $1.65 4,352 $4,165 $835.54 2.17% $21.70
TEF – High Tech & Semiconductors $108.30 FY04-FY10 6 $18.05 5,520 $19,620 $5,786.55 1.87% $18.72
TEF – Service Industries $19.79 FY04-FY10 6 $3.30 2,291 $8,639 $168.65 11.73% $117.35
TEF – IT & Wireless Communications $37.18 FY04-FY10 8 $4.65 6,448 $5,765 $983.50 3.78% $37.80
TEF TOTAL $411.67 FY04-FY10 71 $5.80 54,259 $7,587 $14,614.08 2.82% $28.17


Texas Moving Image Industry Incentive Program

Program
MIIIP – Feature Film
MIIIP – TV
MIIIP – Commercials
MIIIP – Video Games
MIIIP TOTAL
Program Total State Award Amount
($ Millions)
Period Covered Number of Projects Average State Award Amount per Project
($ Millions)
Qualifying/ Announced Jobs Average State Cost per Job Total Firm Investments
($ Millions)
Ratio of State Awards to Total Firm Investment* Average State Award per $1,000 of Total Firm Investment*
MIIIP – Feature Film $12.81 4/09-8/10 28 $0.46 692 $18,512 $74.00 17.31% $173.11
MIIIP – TV $24.53 4/09-8/10 22 $1.12 1,299 $18,886 $132.75 18.48% $184.80
MIIIP – Commercials $1.99 4/09-8/10 152 $0.01 105 $18,970 $37.36 5.34% $53.40
MIIIP – Video Games $9.03 4/09-8/10 58 $0.16 1,694 $5,332 $170.74 5.29% $52.90
MIIIP TOTAL $48.37 4/09-8/10 260 $0.19 3,790 $12,762 $414.86 11.66% $116.60

* Displayed are two ways of representing private sector investments, and are generated in relation to state dollars spent on the programs.

Endnotes

  • 1 Information covers up to August 2010.
  • 2 The Report of the Texas Economic Development Act (2010) states that there are 101 active Chapter 313 agreements. However, three of these agreements have made no investments nor have they received any tax benefit as of August 2010. Removing these three agreements from consideration would result in 98 active projects. This report analyzes the effects on awards, capital investment, jobs and costs associated with these 98 active projects.