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Jobs, Energy, Technology, and Innovation Act (JETI)

Tax incentives for companies investing in Texas through job creation and infrastructure development, with additional benefits in qualified opportunity zones.

Popular Grant
jobs, energy, technology, and innovation act (jeti)
jobs, energy, technology, and innovation act (jeti)

About Funding

Donor: Texas Comptroller of Public Accounts

About: The JETI program encourages economic growth in Texas by providing a 10-year school district maintenance and operations (M&O) tax appraised value limitation. This initiative requires companies to meet specific job creation and investment thresholds based on county population. Eligible projects must align with NAICS codes, and additional benefits are available for projects located in qualified opportunity zones. Applications for JETI agreements begin on January 18, 2024.

Focus:

  • Job creation
  • Economic development
  • Tax incentives
  • Opportunity zone projects

Region: Texas

Eligibility:

  • Companies in eligible NAICS industries
  • Must meet job and investment minimums based on county population
  • Excludes companies listed ineligible under specific Texas statutes

Benefits:

  • Tax appraised value limitation for 10 years
  • Additional benefits for qualified opportunity zone projects

Terms:

  • Jobs must be permanent, full-time, and meet wage and health benefit requirements
  • Investments exclude costs related to land and inventory
  • Performance bond and application fee required
  • Proof of competitive site selection necessary for eligibility
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