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Requirements for TEF Grant

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Texas Economic Development State Funding Update
AGENDA  Organization / State Role / ED Purpose (5)  State Programs Update / Due Diligence Practices (15)  Applicant, Project Assessment, Project Performance  State Incentives / Local Participation (11)  Referrals / Funding Leverage / Tax Incentives  State Economic Development Emphasis (5)  Industry Clusters / Tech Innovation / New Industries

Texas Economic Development State Funding Update
AGENDA  Organization / State Role / ED Purpose (5)  State Programs Update / Due Diligence Practices  Applicant, Project Assessment, Project Performance  State Incentives / Local Participation  Referrals / Funding Leverage / Tax Incentives  State Economic Development Emphasis  Industry Clusters / Tech Innovation / New Industries

RI CK PERRY GOVERNOR

Division Overview
The Office of the Governor, Economic Development & Tourism consists of four programs. These programs include Texas Business Development, Texas Tourism, the Office of Aerospace and Aviation, and the Economic Development Bank. Texas Business Development is charged with domestic and international business recruitment and corporate expansion efforts for the state by marketing Texas as a premiere business location utilizing the “Texas Wide Open for Business” campaign.

Travel Research provides and analyzes information about the domestic and international travel trends. Travel research also provides tourism outreach services to assist Texas communities develop tourism economic development. For a detailed look at the Texas Tourism Marketing Plan, please link to www.travel.state.tx.us
The Office of Aerospace and Aviation focuses on maintaining Texas’ leadership position by developing business strategies to promote the retention, development and expansion of aerospace and aviation industry facilities in Texas. In addition, the program also provides technical support and expertise to state and local spaceport authorities and promotes the development of spaceports in Texas. The Economic Development Bank provides flexible funding and oversight of several finance and tax incentive programs. The incentive programs target three key audiences which include Texas businesses, Texas communities and Texas lending institutions. The Economic Development Bank programs include Finance programs, Enterprise programs and Small Business Assistance.

Domestic Expansion and Recruitment serves as the primary point of contact for companies looking to expand existing operations in Texas or relocate a business from out of state. This section has achieved great success, working on nationally recognized projects such as Samsung’s Semiconductor Plant which will bring 900 jobs and a $4-5 billion capitol investment to Austin. International Business and Recruitment continues to assist Texas companies seeking to expand into foreign markets and encourage foreign investment in Texas. Texas remains the nation’s largest exporting state with 2006 exports valued at $150.8 billion. Texas was also recognized as an international business leader and named the 2005-2007 “U.S. State of the Future” by Foreign Direct Investment magazine. Business Research provides support by providing economic and demographic data, analyses and information on industries and communities. The extensive databases and research tools provide accurate and timely information on doing business in Texas – strengthening the State’s ability to recruit and attract business.
Texas Tourism promotes Texas both domestically and internationally as a premier tourist destination to generate tourism revenues and jobs for Texas communities. Texas Tourism consists of Advertising, Public Relations and Travel Research.

Trusteed Programs
Texas Enterprise Fund The Texas Enterprise Fund, a trusteed program within the Bank and the largest “deal closing” fund of its kind in the nation, continues to attract businesses and jobs to Texas. During the last legislative session, the fund was reauthorized for $180 million. Since its inception in September 2003, the fund has awarded more than $360 million with a total capital investment of $15.4 billion and has secured more than 49,000 jobs to date. Emerging Technology Fund The $200 million Texas Emerging Technology Program (ETF) has awarded more than $89 million in grants to date and is helping Texas create jobs and grow the economy over the long-term by: • • expediting the development and commercialization of new technologies attracting and creating jobs in technology fields that will form the backbone of our economy

Advertising oversees the award-winning tourism ad campaigns, including national cable television commercials, domestic and international print ads in consumer and trade publication, radio and newspaper campaigns and interactive media such as the internet, including www.TravelTex.com. Public Relations works with the travel trade industry and media throughout the United States and top international markets including Mexico, Canada, the United Kingdom, Germany and Japan.

The program will work through partnerships between the state, institutions of higher education and private industry to focus greater attention on the research, development and commercialization of emerging technology through the following three areas: Creating at least six Regional Centers of Innovation and Commercialization (RCIC) throughout the state. Matching grant funds for technology research and development projects that accelerate commercialization into production and have a demonstrated ability to receive federal grants. Attract highly renowned research talent from other universities and institutions in other states.

P.O. BOX 12428 | AUSTIN, TX 78711 | 512-936-0100 |DIAL 7-1-1 FOR RELAY SERVICES WWW.GOVERNOR.STATE.TX.US

Office of the Governor Economic Development & Tourism Organization Chart

GOVERNOR GOVERNOR

Executive Director Executive Director Texas Business Development Texas Business Development
Business Research Business Research Domestic Expansion Recruitment Domestic Expansion && Recruitment Regional Operations Regional Operations International Business International Business && Recruitment Recruitment State of Texas NAFTA Office State of Texas NAFTA Office

Texas Tourism Texas Tourism

Texas Economic Dev. Bank Texas Economic Dev. Bank
Public Relations Public Relations Travel Research Travel Research Advertising Advertising Marketing Marketing

Aerospace & Aviation Aerospace & Aviation

Emerging Technology Emerging Technology

Capital Access (CA) Capital Access (CA) Defense Economic Defense Economic Readjustment Zone (DZ) Readjustment Zone (DZ) Texas Enterprise Zone (EZ) Texas Enterprise Zone (EZ) Small Business Incubator Fund Small Business Incubator Fund Industrial Revenue Bonds (IRB) Industrial Revenue Bonds (IRB) Linked Deposit (LD) Linked Deposit (LD) Product Development Fund Product Development Fund Renewal Community Renewal Community Texas Leverage Fund (LF) Texas Leverage Fund (LF) Texas Industrial Development Texas Industrial Development

Space Development Retention Space Development && Retention Aviation Development Retention Aviation Development && Retention Aerospace Aviation Planning Aerospace && Aviation Planning


 

 
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North Texas Region Janie Havel 616 Six Flags Dr, P.O. Box 5888 Arlington, TX 76005 Office: 817.695.9293 Cell: 214.733.4274 Fax: 817.640.6480 [email protected]

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West Texas/ Upper Rio Grande Region Cynthia Tauss Delgado Norman Hailey Employment Center 300 E Main St El Paso, TX 79901 Office: 915.313.3024 Cell: 915.491.8107 Fax: 915.533.1041 [email protected]

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East Texas Region Laurie O'Neal 405 Marshall St Gilmer, TX 75644 Cell: 903-780-9575 Fax: 903-680-3656 [email protected]

Central Texas Region Tad Curtis 221 E. 11th St. (78701) 4th FL. P.O. Box 12428 Austin, Texas 78711 Office: 512.936.0047 Fax: 512.936.0080 [email protected]

Gulf Coast Region Larry McManus 221 E. 11th St. (78701) 4th FL. P.O. Box 12428 Austin, Texas 78711 Office: 512.936.0069 Fax: 512.936.0080 [email protected]

Alejandra Bueno 115 E Travis St, Suite 220 San Antonio, TX 78205 Office: 210.581.1055 Cell: 210.867.5098 Fax: 210.272.3283 [email protected]



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Lower South Texas Region Leticia Flores 1902 North Loop 499 Harlingen, TX 78550-3653 Office: 956.364.4060 Cell: 956.244.1143 Fax: 956.364.5111 [email protected]

Texas Economic Development State Funding Update
AGENDA  Organization / State Role / ED Purpose  State Programs Update / Due Diligence Practices (15)  Applicant, Project Assessment, Project Performance  State Incentives / Local Participation  Referrals / Funding Leverage / Tax Incentives  State Economic Development Emphasis  Industry Clusters / Tech Innovation / New Industries

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Texas Enterprise Fund
“The door is open for business in Texas, and the Texas Enterprise Fund allows us to put that sign up in neon.” – Gov. Rick Perry At Gov. Rick Perry’s request, the 78th Texas Legislature established the Texas Enterprise Fund (TEF) in 2003 to provide financial resources to help strengthen the state’s economy. Funds for the TEF were reappropriated in 2005 and 2007, making more than $250 million available for the job creation fund in the 2008-2009 biennium. The Texas Enterprise Fund, the largest “deal closing” fund of its kind in the nation, continues to attract businesses and jobs to Texas. The TEF recently attracted Comerica’s headquarters to Dallas, bringing 200 jobs; and prompted Rackspace Managed Hosting to expand in San Antonio, creating more than 4,000 jobs. To date, the state has allocated more than $366 million from the Texas Enterprise Fund, bringing more than 51,600 new jobs and generating more than $13.6 billion in capital investments to the state. Projects that are considered for TEF support must demonstrate a project’s worthiness, maximize the benefits to the State of Texas and realize a significant rate of return of the public dollars being used for the economic development of Texas. Capital investment, job creation, wages generated, financial strength of the applicant, applicant’s business history, analysis of the relevant business sector, federal and local government and private sector financial support of a project are all significant factors in approving the use of the Enterprise Fund. The Governor’s Office works closely with local leaders to tailor incentive packages that best meet the needs of local communities and businesses. Recruiting new business and helping to expand existing business is a dynamic process. If you have a project that can benefit from the Texas Enterprise Fund, an application must be submitted to the Office of the Governor, Economic Development & Tourism division, which provides information on how funds are to be utilized and how the proposed project meets the criteria of the program. The Texas Enterprise Fund application is available at www.governor.state.tx.us/divisions/ecodev/ed.bank/tefund.

For more information on Texas call 1-800-888-0511 or visit www.TexasWideOpenForBusiness.com.

Office of the Governor • Economic Development & Tourism Division P.O. Box 12428 • Austin, Texas • 78711-2428
June08

www.TexasWideOpenForBusiness.com

Office of the Governor
Texas Enterprise Fund Projects - Disbursed, Announced & Committed As of May 31, 2009
West Texas/Upper Rio Grande Region
• • • • • • • • ADP - El Paso, $3MM Dyncorp - $0.94MM committed, DNA* Hilmar Cheese - Dalhart, $7.5MM IBM - $2.5MM committed, DNA* LEARN & TIGRE - Network Infrastructure** Martifer Energia, S.A. – San Angelo, $945K Superior Essex - Brownwood, $0.25MM Trace Engines - Midland, $0.456MM

North Texas Region
• • • • • • • • • • • • • • • • • • • • • • • • • • Allied Production Solutions – Gainesville,$800K Associated Hygienic Products – Waco, $520K Authentix – Addision, $1MM Cabela’s – Ft. Worth, $0.6MM*** Comerica – Dallas, $3.5MM Countrywide – Richardson, $20MM Fidelity – Town of Westlake, $8.5MM FlightSafety International – Irving, $720K Gulfstream – Dallas, $750K Johns Manville – $0.5MM committed, DNA* JTEKT Automotive – Ennis, $0.333MM LEARN & TIGRE – Network Infrastructure** LM Glasfiber – $5.2MM committed, DNA* Maxim – Irving, $5MM **** Pratt Industries – $3.3MM committed, DNA* Raytheon – McKinney, $1MM Ruiz Foods – Denison, $1.5MM Sanderson Farms – McLennan County, $0.5MM Rockwell-Collins, Inc. – Richardson, $1.678MM Schott Solar – Arlington, $3M Committed, DNA* T-Mobile – Frisco, $2.15MM Texas Instruments/UTD – Richardson, $50MM Torchmark – McKinney, $2MM Tyson Foods – Sherman, $7MM U.S. Bowling Congress – Arlington, $693K Vought – Dallas, $35MM

East Texas Region
• • • • • • • • Alloy Polymers - Houston County, $0.2MM Campbell’s Soup - $1MM committed, DNA* Hewitt - $4MM committed, DNA* LEARN & TIGRE - Network Infrastructure** Lee Container - Nacogdoches, $0.3MM Motiva - Port Arthur, $2MM Newly Weds Foods – Mt. Pleasant, $0.45MM Union Tank Car - $2MM committed, DNA*

Central Texas Region
• American Security Insurance - $ 0.75MM committed, DNA* • Cabela’s - Buda, $0.6MM*** • EPV Solar – $1M committed, DNA* • HelioVolt – Austin, $1M • Hewlett-Packard - Austin, $5MM**** • Home Depot - Austin, $8.5MM*** • Indymac Bank - $4M committed, DNA* • LEARN & TIGRE - Network Infrastructure** • Samsung - Austin, $10.8MM • Scott & White Memorial – Temple, $7.5MM • Sematech - Austin, $40MM • Viasys - $0.5MM committed, DNA*

Gulf Coast Region
• • • • • • • • • • • • • Baylor (Research) - Houston, $2MM CITGO - Houston, $5MM*** Energy Center - Sugarland, $3.6MM General Dynamics - $1.3MM committed, DNA* Hewlett-Packard - Houston, $5MM**** Huntsman - The Woodlands, $2.75MM Ineos USA - League City, $0.75MM LEARN & TIGRE - Network Infrastructure** Lockheed Martin - Houston, $7.5MM Merit Medical - $0.75MM committed, DNA* NASA - $5.1MM committed, DNA* TIGM - Houston/College Station, $50MM*** UTHSC/MDA - Houston, $25MM

South Texas Region
• • • • • • • • • • Albany Engineered Composites – Boerne, $1MM Caterpillar Inc. – Seguin, $10MM Dunlop Aerospace – $0.43MM committed, DNA* Home Depot – New Braunfels, $8.5MM*** LEARN & TIGRE – Network Infrastructure** KLN Steel – San Antonio, $900K Maxim – San Antonio, $1.5MM Medtronic Inc. – San Antonio, $6MM Rackspace – San Antonio, $22MM Washington Mutual – San Antonio, $15MM

Lower South Texas Region
• • • • Boeing - $45MM committed, DNA* CITGO – Corpus Christi, $5MM*** LEARN & TIGRE - Network Infrastructure** Santana Textiles – Edinburg, $1.65M

Notes: * DNA – Did Not Accept ** $9.781MM Allocated Statewide *** TEF Shared by Both Locations **** Refunded Proceeds

OFFICE OF THE GOVERNOR TEXAS ENTERPRISE FUND PROJECT ANALYSIS
TEXAS ENTERPRISE FUND “11 STEP PROCESS” STEP #0 #1 #2 #3 #4 #5 #6 #7 #8 #9 #10 #11 TEF Application and/or Project Disclosure Correspondence One Page Project Description Quick Assessment of Major TEF Project Considerations Applicant Management Assessment and Current News Search Business Climate Investigation and Industry Status Economic Impact Assessment based on Independent Reports New Business Opportunity Assessment Financial Statement Analysis (Bloomberg Reports) Applicant Credit Assessment (D&B Reports) Local and State Level Economic Incentives Summary Project Cost Benefit Analysis & Return On Investment TEF Penalty & Project Clawback Requirements

TEXAS ENTERPRISE FUND REVIEW PROCESS & CONSIDERATION OF TEF PROJECTS

Page 1 of 1

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Texas Product/Business Fund
Loans for product commercialization and business
The Texas Product/Business Fund provides financing to existing companies that manufacture products or do business within the state. Financing is done in the form of direct asset-based loans with a variable interest rate tied to LIBOR. Loans can be amortized up to the life of the asset. Texas companies or out-of-state/international companies doing business in the state are eligible to apply. Applicants can submit a free, brief pre-assessment in order to check eligibility. Attributes of the Texas Product/Business Fund: Asset-Based Loans Competitive Loan-To-Value (LTV) Positive EBITDA not required Secure Loans with Property Plant & Equipment (PP&E) Competitive variable interest rates Communities or individuals can assist as Guarantors The Office of the Governor, Texas Economic Development Bank administers the Texas Product/Business Fund at the direction of the Governor’s appointed nine-member board. Preference for funding is given to the states’ defined industry clusters including, but not limited to: nanotechnology, biotechnology, biomedicine, renewable energy, agriculture and aerospace. Job creation and retention within Texas will be considered as part of funding priorities.

Company Lending Cycle
Graph represents Texas Loan Incentives within a typical lending cycle

Banking Relationship

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Texas Product/Business Fund
- Angel Financing - Venture Capital

Assets No Assets

www.TexasWideOpenForBusiness.com

OFFICE OF THE GOVERNOR TEXAS ECONOMIC DEVELOPMENT BANK

PRODUCT DEVELOPMENT FUND SMALL BUSINESS FUND

BUSINESS INFORMATION FOR LOAN Company Name: CONSIDERATION*
Note:

Date: Phone: Email:

Company Rep: State of Origin:

Information must be provided at one time or materials will not be reviewed

(PROVIDE ANSWERS TO ALL QUESTIONS, PLEASE DO NOT REFERENCE DOCUMENTS)

1) Provide a brief summary of the project that will require funding? (include project location)

2) What is the requested loan amount?

If the company would like a range to be considered, please provide that amounts (low to high).

3) How will the requested loan proceeds be utilized?

4) Do you have a detailed business plan including the company structure and purpose, management summary, product/service, marketing strategy, and financial summary?

5) What is the company's sales for the last fiscal month, most recent fiscal quarter, and most recent fiscal year end.

6) What is the company's annual free cash flow?

Operating?

Capital?

Equity/Investment?

7) What unencumbered collateral would the company be pledging to cover the requested loan amount?

8) Is the company registered with the Texas Secretary of State? Provide the registered name of the company

YES

NO

9) Provide the company's Taxpayer ID number & business status from Texas Comptroller of Public Accounts.

(*)

CONFIDENTIAL INFORMATION

(*)

COMPETITION SENSITIVE

OFFICE OF THE GOVERNOR TEXAS ECONOMIC DEVELOPMENT BANK

PRODUCT DEVELOPMENT FUND SMALL BUSINESS FUND

BUSINESS INFORMATION FOR LOAN Company Name: CONSIDERATION*
Note:

Date: Phone: Email:

Company Rep: State of Origin:

Information must be provided at one time or materials will not be reviewed

(PROVIDE ANSWERS TO ALL QUESTIONS, PLEASE DO NOT REFERENCE DOCUMENTS) 10) Provide a summary of the company's product regulatory approval status? (if applicable)

11) Provide a brief overview of the business history. (i.e: origination, major milestones, former names, etc.)

12) Provide a brief overview of the company's management.

13) Has the company had prior bankruptcies or lawsuits? If yes, please explain

14) Submit the following documents along with this evaluation form: a) Detailed Business Plan to include: Company Structure/Purpose, Management Summary, Product/Service, Marketing Strategy & Financial Summary b) Prior 3 years Financial Statements to include: Income Statement, Balance Sheet, Cash Flows & Detailed Market/Product Revenues and Operating Expenditures c) Three Year Pro Forma

(*)

CONFIDENTIAL INFORMATION

(*)

COMPETITION SENSITIVE

OFFICE OF THE GOVERNOR TEXAS ECONOMIC DEVELOPMENT BANK PRODUCT DEVELOPMENT FUND / SMALL BUSINESS FUND “10 STEP PROCESS” DUE DILIGENCE
STEP 0 DESCRIPTION / RESOURCE PDSBI Application and related correspondence / documents Financial Condition Present Markets and Market Prospects Integrity of Applicant’s Management Product Feasibility Attempts to obtain private financing Project Description - Executive Summary (from application) Quick project assessment Management Review and Current News Search Business Climate Investigation and Industry Status Legal and Administrative Review Comptroller of Public Accounts Secretary of State Lexus Nexus Legal Review Financial Review D&B Opportunity Assessment Form Financial Summary Form Summary Form (CF/BS/IS) Credit Review Bloomberg Moody’s, S&P, Fitch Proposed Loan Terms Review Proposed Loan Security Review Type /Value of Security Number of Security Instruments Rights to Security / Collateral Proposed Default Provisions

1 2 3 4

5 6

7 8

9

10

PDF / SBF 10 Step Process

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This Loan Proposal sets forth proposed terms for a possible Bond Purchase Agreement to be entered into between the Public Entities and the State of Texas. Any transaction between the parties is subject to the execution of definitive agreement. This Proposal has no binding effect, and reflects no commitment by or obligation of the parties.

Emerging Technology Fund
“In Texas, we understand that high-tech companies don't just happen overnight but are a product of forethought, sound vision and planning, and strategic investments by both the public and private sectors. Through our Emerging Technology Fund, we are bringing the best scientists and researchers to Texas, attracting high-tech jobs and helping start-up companies get off the ground faster.” – Gov. Rick Perry The Emerging Technology Fund (ETF), created by the Texas Legislature in 2005 at the urging of Gov. Perry, provides Texas with an unparalleled advantage by expediting the development and commercialization of new technologies, and by recruiting the best research talent in the world. Matching and commercialization funds coupled with additional federal and outside investments mean new technology is emerging in Texas. The ETF was reauthorized by the 80th Texas Legislature, making more than $185 million available during the 2008-09 biennium. The program works through partnerships between the state, institutions of higher education and private industry to focus greater attention on the research, development, and commercialization of emerging technology. There are seven Regional Centers of Innovation and Commercialization (RCIC) and one Texas Life Science Center to serve stakeholders throughout the state in: • Top Talent Acquisition: For acquisition of “research superiority” for Texas higher education institutions, e.g., attracting additional, established, “high profile” researchers as faculty; • Commercialization Awards: Provides selected, early-stage investments in new, technology-based, private entrepreneurial entities that collaborate with public or private institutions of higher education in Texas, and which, if successful, may provide significant economic benefit to the state. Key components of the ETF The ETF brings new ideas and products to the marketplace today. This innovation and the commercialization will have a long-term profound impact on Texas. Priority is given to emerging technology projects that will enhance Texas’ global competitiveness – that are collaborative and leverage both critical expertise and financial resources. Not only will these ETF investments demonstrate economic benefits, they will also result in significant medical and or scientific breakthroughs which will improve people’s lives. Recipients commit to work in a collaborative environment and support Texas economic development by growing their business in Texas and providing a return on the State of Texas’ investment.

(Continued) www.TexasWideOpenForBusiness.com

www.EmergingTechFund.com AWARDS To date, the ETF has awarded over $140 million to Texas companies and universities. Below are two examples of ETF award recipients. NanoMedical Systems (NMS) was awarded $3,500,000 to assist with the development of the company’s Personalized Molecular Drug-delivery System (PMDS). The PMDS is a small capsule designed to be implanted just under the skin in a simple office procedure. The capsule will be able to hold enough medication for weeks or months of controlled release. NMS will commercialize the patented research of co-founder Dr. Mauro Ferrari. Dr. Ferrari was recruited through an ETF Research Superiority grant to the Alliance for NanoHealth at the University of Texas Health Science Center in Houston. Texas AgriLife Research, an agency of the Texas A&M University System, was awarded $4,025,000 by the ETF for research and development of the economical production of microalgae-derived fuels, such as biodiesel. Microalgae-derived biofuels could produce 15,000 gallons of biodiesel per acre per year compared to the 50 gallons per acre per year typical of soybeans. The funds provided by the ETF will allow Texas AgriLife Research to acquire the personnel and physical resources necessary to research and develop the technologies necessary to tap into the incredible potential of microalgae-derived biofuels and offer those benefits to people worldwide. For additional information, please see a full listing of awards at www.EmergingTechFund.com.

ETF Regional Centers of Innovation and Commercialization (RCIC)
1 - Trans-Pecos/El Paso RCIC Ebetuel “Beto” Pallares [email protected] 915.613.2476 2 - West Texas Coalition for Innovation & Commercialization Steve Anderson [email protected] 806.745.3973 5 - Central Texas RCIC Susan Davenport [email protected] 512.322.5657 6 - South Texas RCIC Jim Poage [email protected] 210.458.2523 7 - Rio Grande RCIC Fernando Gonzalez [email protected] 956.973.8600 Texas Life Science CIC (Statewide) Andrew Nat [email protected] 281.857.9028

2 1 7 5 6

3 4

3 - North Texas RCIC Mike Lockerd [email protected] 972.883.4920 4 - Gulf Coast RCIC Bob Prochnow [email protected] 832.746.9262

For more information on Texas call 1-800-888-0511 or visit www.TexasWideOpenForBusiness.com.

Office of the Governor • Economic Development & Tourism Division P.O. Box 12428 • Austin, Texas • 78711-2428
Jan09

OFFICE OF THE GOVERNOR EMERGING TECHNOLOGY FUND PROJECT ANALYSIS “9 STEP” PROCESS
STEP #0 ETF Application (SUBCHAPTER “D ”) Project Legislative Intent Assessment (Bill Requirements) #1 One Page Project Description (Project Subject Matter)

#2

Project Assessment by Advisory Committee (comments)

#3

Industry Status– Technology, Marketplace & Competition Economic Impact– NAICS & Value Chain (per Application)

#4 #5 #6 #7 #8 #9

Project Management Assessment and Current News Search Collaborative Higher Ed Relationships, IP Rights & Licenses Ownership Interests & Capitalization Table Financial Sources & Uses of Funds Debt & Equity Rights & Agreement Terms Project Subject Matter & Key Milestone Listing

TEXAS EMERGING TECHNOLOGY FUND TRUSTEE CONSIDERATION OF RCIC COMMERCIALIZATION PROJECTS

ETF 9 Step Process.doc

Texas Economic Development State Funding Update
AGENDA  Organization / State Role / ED Purpose  State Programs Update / Due Diligence Practices  Applicant, Project Assessment, Project Performance  State Incentives / Local Participation (11)  Referrals / Funding Leverage / Tax Incentives  State Economic Development Emphasis  Industry Clusters / Tech Innovation / New Industries

 
  
 

  

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1

TEXAS ENTERPRISE ZONE PROGRAM
Enterprise Projects Approved – State Biennium, FY2008-2009 (9/1/07 – 5/31/09)
Central Texas ($297.8M) Austin – Otis Spunkmeyer, Inc., $17.8M Austin – Spansion LLC, $280M East Texas ($445.1M) Cass County – International Paper Company, $150M Center – Tyson Farms, Inc., $5M Corrigan – Georgia-Pacific Wood Products, $46.8M Harrison County – General Cable Industries, $5.4M Huntsville – Weatherford US, LP, $15.3M Jacksonville – eTelecare Global Solutions, $1.9M Limestone County – NRG Texas Power, $150.8M Mount Pleasant – Sweet Shop Candies, $4.4M Polk County – Georgia-Pacific Wood Products, $65.5M Gulf Coast ($1B) Bryan – Kent Moore Cabinets, $6M Bryan – Sanderson Farms, $5M College Station – Lynntech, Inc., $12M Houston – Deloitte LLP, $61.4M Liberty County – Georgia-Pacific Wood Products, $31M Matagorda County – NRG South Texas, $255M Orange – INVISTA S.a r.l., $150M Pearland – Neela, Inc., $6M Port Arthur – The Medical Center of SE Texas, $5M Port Arthur – Total Petrochemicals USA, Inc., $268M Rosenberg – Frito-Lay, Inc., $7.4M Thompsons – NRG Texas Power, $201.2M Waller County – RTG Furniture of Texas, L.P., $50M South Texas ($2B) Bexar County – Tesoro Companies, Inc., $251M Boerne – Albany Engineered Composites, $34.6M Calhoun County – Formosa Plastics Corporation, $600.7M Cibolo – Kalmar RT Center, $10.9M Comal County – TXI Operations, $260M Corpus Christi – Berry Contracting, $5M Corpus Christi – Flint Hills Resources, LP, $250M Corpus Christi – Stripes LLC, $5M San Antonio – AGE Refining, $12.6M San Antonio – Fred Loya Insurance Agency, $10.8M San Antonio – Tindall Corporation, $25M San Antonio – Valero Services, Inc., $6.5M Seguin – Caterpillar, Inc., $176.8M Victoria – StarTek USA, Inc., $10.6M Windcrest – Rackspace US, Inc., $436.4M Texas Enterprise Projects North Texas ($1B) Dallas – Niagara Bottling LLP, $56.4M Dallas – Ryan, Inc., $5.5M Dallas – Solo Cup, $3.9M Fort Worth – DCFS USA, $17.5M Fort Worth – MillerCoors LLC, $104.7M Gainesville – Allied Production Solutions, LP, $16.5M Garland – Atlas Copco Drilling Solutions, $8.9M Garland – MAPEI Corporation, $21.2M Garland – The Sherwin-Williams Company, $7.7M Irving – Frito-Lay, Inc., $5.7M Little Elm – Retractable Technologies, $7.9M Meridian – Double B Foods, $4.2M North Richland Hills – Tyson Prepared Foods, $9.6M Olney – Air Tractor, $5M Plano – Connecticut General Life Ins. Co., $38M Richardson – Health Care Service, $265M Sunnyvale – Millard Refrigerated Services, Inc., $49M Tarrant County – Bell Helicopter Textron, Inc., $266.7M Vernon – Tyson Refrigerated Processed Meats, $5M Waco – Associated Hygienic Products, $37.1M Waco – Caterpillar Logistics Services, $69.7M Waco – L-3 Communications Integrated Systems, $15M Waco – The Sherwin-Williams Company, $5M Waxahachie – Owens Corning Insulating Sys., $23.2M Waxahachie – Walgreen Co. , $38M

Number of Projects Approved Number of Designations Used Projected Capital Investment Projected New Jobs Projected Retained Jobs

75 98 $5,138,292,537 12,697 33,382

West

North East

Valley ($95.9M) Brownsville – T-Mobile USA, Inc., $17.5M Upper Rio Grande Edinburg – Doctors Hospital, $59.4M Harlingen – United HealthCare Svs., $6.3M McAllen – Fred Loya Insurance Agency, $5.2M McAllen – Infinity Insurance, $7.5M West Texas ($36.6M) Brownwood – 3M Company, $7.6M Lubbock – Shearer’s Foods Lubbock, $6.9M Lubbock – WesTx Packaging Company, $6.1M Odessa – Odessa Regional Hospital, $5M Potter County – Tyson Fresh Meats, Inc., $11M Upper Rio Grande ($21M) El Paso – ADP, Inc., $21M

Central Gulf Coast South

Valley

Texas Enterprise Projects Approved - FY 2008-2009 Biennium to Date
Region Community Project Name Product or Service Capital Investment Announced New Jobs Retained Jobs Designation Type Approval Date

Texas Enterprise Projects Approved - FY 2008-2009 Biennium to Date
Region Community Project Name Product or Service Capital Investment Announced New Jobs Retained Jobs Designation Type Approval Date

Texas Economic Development State Funding Update
AGENDA  Organization / State Role / ED Purpose  State Programs Update / Due Diligence Practices  Applicant, Project Assessment, Project Performance  State Incentives / Local Participation  Referrals / Funding Leverage / Tax Incentives  State Economic Development Emphasis (5)  Industry Clusters / Tech Innovation / New Industries

Texas Economic Development State Funding Update
INDUSTRY CLUSTERS Manufacturing & Advanced Technology Aerospace, Aviation & Defense Biotechnology & Life Sciences Information & Computer Technology Petroleum Refining & Chemical Products Energy
Website: http://www.texaswideopenforbusiness.com/key-industries/

Texas Economic Development State Funding Update
TECHNOLOGY INNOVATION Nanotechnology – Texas Report Online Composites and Materials Science Cancer Research – CPRIT Overview Online Information Security – ETF Grants & Federal Initiatives Environmental Emissions – Production & Operating Controls Carbon Sequestration – Waste Management

Website: http://www.texaswideopenforbusiness.com/key-industries/

Texas Economic Development State Funding Update
NEW INDUSTRY DEVELOPMENT  Automotive Manufacturing & Semiconductor Technology  Commercial Aviation  Biotechnology – Texas Report Online  Computer & Communication Exports  Clean Coal Projects  Renewable Energy:  Wind, Solar, Biomass, Hydropower, Waste
Website: http://www.texaswideopenforbusiness.com/key -industries/

Texas Economic Development State Funding Update
SUMMARY  State Economic Development is Integral with Local Activity  Establish Clear Guidelines and Practices for ED Programs  State Funded ED Programs include …  Texas Enterprise Fund  Texas Product Business Funds  Texas Emerging Technology Fund  Identify Business & Community Needs vs. Available Programs  Define & Emphasize Key Industries & Technology Innovation

Contacts
Office of the Governor Economic Development & Tourism Texas Wide Open for Business http://www.texaswideopenforbusiness.com (512) 936-0100
Partner Resources / Doing Business in Texas: http://www.texaswideopenforbusiness.com/publications/marketing-materials.html Key Sectors / Industry Clusters: http://www.texaswideopenforbusiness.com/key-industries/ Texas Advantage / Texas Brags: http://www.texaswideopenforbusiness.com/publications/marketing-materials.html Financial Resources / Texas Product Business Funds: http://www.texaswideopenforbusiness.com/financial-resources/loan-assistance.html

Texas Economic Development Bank
AUSTIN OFFICE Name
Main Office Line

Title
EDT Division

Phone
512-936-0100

E-Mail
www.governor.state.tx.us

Michael Chrobak

CFO & Director, 512-936-0528 Texas Economic Development Bank

[email protected]

Public Finance Theresia Stolte-Goetz Joseph Edgar Bridget Holland Donna Weinberger-Rourke Team Leader Financial Analyst Program Specialist 512-936-0189 512-936-0291 512-936-0266 [email protected] [email protected] [email protected]

Program Specialist

512-936-6443

[email protected]

New Business Development Joe Morin Brenda Clear Team Leader Program Specialist 512-936-0226 512-936-0274 [email protected] [email protected]

Physical Address 221 East 11th Street, 4th Floor Austin, TX 78701

Mailing Address P.O. Box 12428 Austin, TX 78711

P.O. BOX 12428 | AUSTIN, TX 78711 | 512-936-0100 |

WWW.GOVERNOR.STATE.TX.US

Thank You!
TEDC Carlton Schwab Amy Swank Crystal Chism Everyone In Attendance!












 

 



  
 


 
 

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