Adrian JTLDR:
- Governor Greg Abbott announced the launch of the Texas Jobs, Energy, Technology, and Innovation (JETI) program.
- JETI is a competitive economic incentive program aimed at attracting new jobs and investments to Texas.
Governor Greg Abbott has announced the launch of the Texas Jobs, Energy, Technology, and Innovation (JETI) program, a new competitive economic incentive tool to attract new jobs and investments to the state. The program was created following the 88th Regular Legislative Session, with the signing of House Bill 5 into law.
The JETI program allows for agreements between companies, school districts, and the Governor’s Office to provide a 10-year school district maintenance and operations tax appraised value limitation of 50%, based on qualifying job and capital investment minimums. Projects located in qualified Opportunity Zones are eligible for an additional 25% limitation on taxable value. Eligible projects include manufacturing facilities, dispatchable electric generation facilities, natural resource development facilities, research and development facilities, and the construction or expansion of critical infrastructure.
Renewable energy projects or energy storage facilities are not eligible under the JETI program. Application forms and detailed program requirements can be found on the Texas Comptroller’s website. Governor Abbott emphasized the importance of strategic investments in infrastructure, education, and workforce development to attract innovative industry leaders and promote increased prosperity for Texans across the state.
