The Greater Austin Chamber of Commerce promotes Central Texas' 5-county MSA as a great place for companies to expand and locate. For superior economic development projects, the Chamber Economic Development Attraction team discusses promotes several major tools, all of which were enhanced by the Texas Legislature:

•Texas Economic Development Act (AKA Chapter 313) – This is a tax limitation tool for $100+ million potential capital investments who want to locate in Texas. Chapter 313 is directly responsible for two major data centers and the Samsung expansions locating in Central Texas. HB 3390 was approved on Sunday by the Legislature, extending the life of the economic development tool.

•Texas Enterprise Fund – This is the Governor's 'Deal Closing Fund,' which is an incentive the Governor can provide only if a project comes to Texas and only if the local government has adopted a tax incentive agreement. The Enterprise Fund was funded at approximately $120 million for the next two years.

•Research & Development Tax Credit – Texas was one of only seven U.S. states without an R&D tax credit. With passage of House Bill 800, companies will now be able to choose one of two credits: deduction from their business franchise tax or sales tax exemption on equipment and software used for R&D.

•Permanent Small Business Exemption to Franchise Tax – House Bill 500 makes permanent the exemption of the first $1 million in revenue from taxation under the state franchise tax.

•Other Incentives – Texas' Emerging Technology Fund, Moving Image Incentive Fund and Cancer Prevention and Research funds were all funded at reduced levels but sufficient to open up new markets for job creation.