
Texas Leverage Fund
Moving Forward. Kicking Back.
All content copyright © 2006-2023 Denison Development Alliance and its representatives. All rights reserved. Website developed and maintained by Antero Group. Dashboard
Approximately 500 communities in Texas have adopted the local economic development sales tax. EDT may loan funds directly to a local Industrial Development Corporation (IDC) to finance eligible projects. Sales tax revenues pledged by the IDC need only be sufficient to cover projected annual debt service as specified in the Texas Leverage Fund Program Guidelines. This allows cities to leverage their economic development sales tax and to pursue additional projects.