Business Goes Big in the Greater Katy Area
Texas prides itself on being “wide open for business” and has the robust incentives to prove it. It’s one of the reasons Texas was named the “Best State for Business” for the 17th consecutive year by the nation’s leading CEOs. Texas also won the Gold Shovel Award for the 9th year, recognizing the state's efforts to attract high-value investment and large job-creating projects. Explore the Texas Business Incentives and Program Overview.
Katy Area EDC works diligently and efficiently to aid companies in exploring tax incentives and maximizing monetary efficiency for relocations and expansions. Katy Area EDC is one of the few EDCs in the Houston Area to offer companies relocation through “Goodwill” incentives.
In the category pull-down menu below, please query the type of incentives of interest which include Covid, Goodwill, Grants, Loans, Permitting, Rebates, Tax, Taxes, Training, and Workforce.
Standard 7(a)
Maximum loan amount
$5 million
Maximum SBA guarantee %
5% for loans up to $150,000 and 75% for
The U.S. Small Business Administration 504 Certified Development Company Loan program conserves your working capital by requiring only a 10 percent borrower contribution.* If you do not qualify for conventional
The federal government's goal is to award at least 5 percent of all federal contracting dollars to small disadvantaged businesses each year.
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Program benefits
8(a)
Featuring a simplified process, these loans are deleivered by experienced lenders who are authorized to make credit decisions for the SBA. These can be term loans or revolving lines of
The HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least three percent of federal contract dollars to HUBZone-certified companies each year. The
What is a Microloan?
Smaller-size loans of up to $50,000 provided through SBA funding intermediaries.
The microloan program provides loans up to $50,000 to help small businesses and certain
Surety bonds help small businesses win construction, supply, and service contracts by providing a cusotmer with a guarantee the work will be completed. Many contracts require surety bonds, which are
The US CDFI New Market Tax Credit Program (NMTC Program) aims to break the cycle of disinvestment by attracting the private investment necessary to reinvigorate struggling local economies. The NMTC
This is a federal income tax benefit administered by the U.S. Department of Labor, for private, for profit employers who hire from target populations. The US Work Opportunity Tax Credit
The purpose of program is to alleviate poverty and increase economic activity and employment in rural communities. Under the program, loans are provided to (intermediaries) like Katy Area EDC for
Formerly known as the USDA Business & Industry Guaranteed Loan Program, the USDA OneRD Guarantee Loan initiative is designed to assist credit-worthy businesses located in rural, unincorporated areas in obtaining
The federal government's goal is to award at least five percent of all federal contracting dollars to women-owned small businesses each year.
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WOSB and EDWOSB