IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jul 2013 | Removal date: open ended
Still in force

Financial grant

In July, 2013 the state of Texas provided $12 million in incentives to Chevron USA for the establishment of oil and gas facilities in Houston, Texas. The company's capital investment in the project is projected at $662 million. The project will, according to state officials, result in the direct creation of 1,752 jobs (and 3,090 jobs altogether).This assistance was provided via the Texas Enterprise Fund (TEF), a program approved in 2003 (and reappropriated in 2005, 2007, 2009, and 2011) to help attract new jobs and investment to the state. Touted by Texas state officials as the largest 'deal-closing' fund of its kind in the United States, projects under the TEF are subject both to an objective screening process and a final, political decision (i.e., the governor, the lieutenant governor, and the speaker of the Texas House must unanimously agree in favor of a project in order for an award to be granted). Among the criteria applied in allocating TEF funds are the requirement that the 'applicant's business sector must be an advanced industry that could potentially locate in another state or country.' The rules also require (among other points) that competition with another state for the project must exist, and the business must not have already made a location decision; projected new job creation must be significant; and the new positions must be high-paying jobs.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
271121 Natural gas
333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other
271020 Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the bas
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271112 Propane
271113 Butanes
271114 Ethylene, propylene, butylene and butadiene
271119 Other
271129 Other
399 Other wastes & scraps
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271099 Other

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