Find Current Business Tax Incentives
Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor (DOL) for private, for-profit employers who hire individuals from specified target populations. WOTC reduces a business’s federal tax liability, serving as an incentive to select job candidates who may be disadvantaged in their efforts to find employment.
State of Texas Tax Refund
The State of Texas Tax Refund for Employers of TANF (Temporary Assistance for Needy Families) or Medicaid clients is a tax benefit program that provides financial incentives to employers who hire Texas residents who have received at least one month of TANF or Medicaid benefits within six months of their start date.
General Business Tax Credit
The general business credit is a tax credit that can help reduce a business’ federal tax liability.
Fidelity Bonding Program
The fidelity bonding service helps at-risk job applicants get and keep a job. TWC and the Workforce Development Boards offer free fidelity bonding services to reduce employers’ concerns about hiring at-risk job applicants who cannot be bonded through other sources. For this bonding, Union Insurance Group issues an insurance policy that protects the employer against employee acts of dishonesty such as larceny, embezzlement, and theft.
Financing and Capital
Find information on counseling, capital, and contracting expertise.
Visit Texas Economic Development for more information.
Incentives for Training and Apprenticeships
Apprenticeship Texas
The Texas Workforce Commission has dedicated funds to support apprenticeships in middle skills careers and the healthcare industry.
Visit the Texas Workforce Commission’s apprenticeship website to learn more.
Skills Development Fund
SDF grants provide site-specific, customized training opportunities for Texas businesses and their employees to increase skill levels and wages of the Texas workforce.
Skills for Small Business
The Texas Workforce Commission (TWC) Skills for Small Business program, provides funds for training offered by local community or technical colleges or the Texas A&M Engineering Extension Service (TEEX). TWC processes the business’ applications and works with the college to fund the specific courses selected by businesses for their employees.
Texas Workforce Commission’s Shared Work Program
The Shared Work program provides Texas employers with an alternative to layoffs. TWC developed this voluntary program to help Texas employers and employees withstand a slowdown in business.