The Texas Capital Fund encourages business development, retention, or expansion by providing infrastructure and real estate development funds to qualified applicants (non-entitlement cities/counties). Funds will be awarded for the express purpose of creating new permanent jobs or retaining existing permanent jobs, primarily for low-and-moderate income persons. The TCF program is administered by the Texas Department of Agriculture (TDA or Department) through an interagency agreement with the Office of Rural Community Affairs (ORCA). The Texas Capital Fund Infrastructure and Real Estate Programs provide a way for an eligible applicant to receive funds to make infrastructure and/or real estate improvements to support a specific business that is expanding or beginning operations in the applicant’s jurisdiction. The business must create or retain jobs for Texans. In order to comply with the national goal of expanding economic opportunities for persons of low and moderate income, a minimum of 51 percent or more of all the jobs created or retained by the business must benefit persons who qualify as low and moderate income persons.

Currently, TCF has four program areas:

Main Street Improvements
The Texas Capital Fund Main Street Improvements Program is designed to foster and stimulate economic development in the downtown area by providing financial assistance to non-entitlement cities for public infrastructure improvements. This program aids in the elimination of slum or blighted areas.

Only a city designated as an official Texas Main Street city by the Texas Historical Commission may submit an application for proposed improvements. The improvements must directly support the revitalization of the city’s designated main street area.

Real Estate Development
The Texas Capital Fund Real Estate Development Program is an economic development tool designed to provide financial resources to non-entitlement cities and counties. Funds must be used for real estate development to assist a business that commits to create and/or retain permanent jobs, primarily for low and moderate-income persons. The real estate and/or improvements must be owned by the community and leased to the business. This program encourages new business development and expansions.

Infrastructure Development
The Texas Capital Fund Infrastructure Development Program is an economic development tool designed to provide financial resources to non-entitlement communities. Funds from this program can be utilized for public infrastructure needed to assist a business that commits to create and/or retain permanent jobs, primarily for low and moderate-income persons. This program encourages new business development and expansions.

Downtown Revitalization Program
The Texas Capital Fund Downtown Revitalization Improvements Program is designed to foster and stimulate economic development in the downtown area by providing financial assistance to non-entitlement cities for public infrastructure improvements. This program aids in the elimination of slum or blighted areas in non-entitlement communities.

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