Texas Economic Development & Tourism Office

What Texas Economic Development & Tourism Office does

The Texas Economic Development & Tourism Office is a division of the Office of the Governor of Texas, headquartered in Austin, that markets Texas to expanding and relocating businesses, promotes tourism, and administers a portfolio of state-funded economic development and disaster recovery programs. Its core offerings include the Texas Music Office (which runs the Music Friendly Texas Community designation, the Texas Music Incubator Rebate Program, and the Music License Plate Grant), the Texas Micro-Business Disaster Recovery Loan Program (up to $5M in zero-interest funding channeled through CDFIs to businesses with 20 or fewer employees following declared disasters), the Texas Semiconductor Innovation Fund (grants to firms such as Quantum Global Technologies and Schunk Xycarb Technology), the Texas Energy Fund Outside ERCOT Grant Program (electric reliability grants to utilities serving more than 538,000 customers), biennial Texas Music Industry Economic Impact Studies, and the Texas Flood Recovery And Rebuild portal consolidating disaster unemployment assistance, SNAP benefits, and crisis support. The office does not sell a commercial product; it is funded through state appropriations and federal pass-through dollars, with go-to-market executed via direct government services (the Texas Workforce Commission, Texas Division of Emergency Management, HHSC, PUCT, and partner CDFIs) and marketing through the official state website, the Travel Texas tourism site, the Texas Music Office newsletter, Governor Abbott's social channels, and earned media press releases. Underlying technology is administrative (grant and loan management portals such as mbdr.gov.texas.gov and gov.texas.gov/floodresponse) rather than a proprietary platform; no API, SDK, or AI/ML capability is disclosed.

Name

Texas Economic Development & Tourism Office

Legal name

Office of the Governor of Texas

Website

https://gov.texas.gov

Company type

Private

Operating status

Operating

Short description

The Texas Economic Development & Tourism Office is a division of the Office of the Governor of Texas that promotes business recruitment, expansion, and tourism across Texas, administering programs such as the Texas Music Office, Micro-Business Disaster Recovery Loans, and the Texas Semiconductor Innovation Fund.

Ownership category

akta.pro rank

Product category

State Economic Development Services

NAICS

Arts, Entertainment, and Recreation (71), Amusement, Gambling, and Recreation Industries (713), Promoters of Performing Arts, Sports, and Similar Events (7113)

SIC

Services-Amusement & Recreation Services (7900), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Festival & Event Producers/Organizers (MPAIAFAC)

akta.pro secondary industries

Music Festival Organizers & Promoters (MPAGAAAB), Concerts & Music Festivals (THAJAFAA)

Keywords

• Economic development services
• Tourism promotion services
• Disaster recovery loans
• Music industry development
• Business climate strategy

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. State Government Funding: The Texas Economic Development & Tourism Office operates under state government appropriations and administers various grant and loan programs funded through state budgets, federal pass-through funds, and dedicated revenue sources.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

The Texas Economic Development & Tourism Office, a division within the Office of the Governor of Texas, markets Texas as a destination for business expansion and tourism and administers state economic development, disaster recovery, and industry-specific programs. Core offerings include business recruitment and retention support, tourism promotion through Travel Texas, the Texas Micro-Business Disaster Recovery Loan Program, Texas Music Office programs (Music Friendly Texas designation, Music Incubator Rebate Program, Music License Plate Grant), the Texas Semiconductor Innovation Fund, the Texas Energy Fund, and disaster recovery and rebuilding services.

Product overview

The Texas Economic Development & Tourism Office (operating under the Office of the Governor) provides a portfolio of programs and services focused on economic development, tourism promotion, music industry support, and disaster recovery assistance. Key offerings include the Texas Music Office which administers Music Friendly Texas community designations, the Texas Music Incubator Rebate Program, and Music License Plate Grants; the Texas Micro-Business Disaster Recovery Loan Program providing zero-interest loans to CDFIs for micro-business recovery; and Texas Flood Recovery services offering disaster unemployment assistance, SNAP benefits, and emotional crisis support.

Differentiator

Problem solved

Functional benefit

Products and services

• Texas Music Office (TMO) A division of the Governor's Office that promotes and supports the Texas music industry through the Music Friendly Texas community designation, the Texas Music Incubator Rebate Program, and the Music License Plate Grant, serving musicians, music businesses, venues, and music education across Texas.
• Texas Micro-Business Disaster Recovery (MBDR) Loan Program A zero-interest loan program providing up to $5 million in funding through August 31, 2025, channeled through Community Development Financial Institutions (CDFIs) for making loans to qualifying micro-businesses with no more than 20 employees following declared disasters.
• Texas Music Industry Economic Impact Studies Biennial research studies commissioned by the Texas Music Office that measure the role of the music industry in the Texas economy, tracking jobs, earnings, tax revenue, and broader economic contributions; the 2025 study reports 196,000+ permanent jobs and $31.7B in annual economic activity including ripple effects.
• Texas Flood Recovery And Rebuild A comprehensive state resource portal providing recovery and rebuilding support for Texans impacted by severe flooding, including disaster unemployment assistance, SNAP benefits, emotional crisis support services, and access to micro-business recovery loans.

Quantifiable outcome

• Best Business Climate ranking for fourth consecutive year
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and flagship.

• Community Development Financial Institutions (CDFIs)coreChannel Partner/ Reseller/ Distributor · 15 July 2025The Texas Micro-Business Disaster Recovery Loan Program is administered through eligible CDFIs, which provide loans to qualifying micro-businesses with no more than 20 employees following declared disasters. Zero-interest loans are provided to CDFIs, which then lend to eligible micro-businesses.
• Federal Emergency Management Agency (FEMA)coreStrategic or Co-development PartnerFEMA provides Major Disaster Declarations and Individual Assistance programs for Texas counties impacted by flooding and severe weather events.
• Texas Health and Human Services Commission (HHSC)coreStrategic or Co-development PartnerHHSC operates the Texas Flooding Emotional Support Line (833-812-2480) providing 24/7 crisis counseling for disaster survivors, families, and first responders.
• USDA APHIS Veterinary ServicescoreStrategic or Co-development PartnerCooperative agreement to strengthen New World Screwworm (NWS) inspection capacity, including federal funding for hiring additional inspectors through the Texas Animal Health Commission.
• Texas Animal Health Commission (TAHC)coreStrategic or Co-development PartnerState agency responsible for animal health regulatory functions, including NWS zone maps and response coordination for livestock and wildlife disease concerns.
• Texas Division of Emergency Management (TDEM)coreStrategic or Co-development PartnerState emergency management agency coordinating disaster response, damage assessments, and recovery operations including the screwworm.texas.gov disaster portal.
• Texas Workforce Commission (TWC)coreStrategic or Co-development PartnerState agency administering Disaster Unemployment Assistance for workers and self-employed individuals impacted by declared disasters in Texas.
• Public Utility Commission of Texas (PUCT)coreStrategic or Co-development PartnerAdministers the Texas Energy Fund (TxEF) Outside ERCOT Grant Program, providing funding for projects that improve electric reliability and resiliency.
• USDA Secretary Brooke RollinsflagshipStrategic or Co-development PartnerJoint announcement of $750 million investment in new sterile fly production facility in Edinburg for NWS control, representing major federal-state partnership.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• New York City Mayor's Office of Media and Entertainment: Municipal government office that promotes and develops NYC's music, film, and entertainment industries through programs, permits, and incentives — comparable in function to a state music office at a city level.
• Visit California: California's state tourism marketing organization promoting travel to the state; directly comparable to the tourism-promotion functions housed within the Texas Economic Development & Tourism Office.
• Tennessee Music Office: A division of the Tennessee Department of Economic and Community Development that promotes and supports Tennessee's music industry through community designations, business development, and industry research — the most direct analogue to the Texas Music Office.

Others

• Brand USA: The United States' national destination marketing organization; adjacent peer providing tourism promotion services at the federal level that complement state-level tourism offices like Texas's.

Regional players

• Florida Department of Economic Opportunity: Florida's state economic development agency handling business recruitment, workforce, and disaster recovery coordination; comparable mandate to Texas EDTO though operating in a different state with different industry mix.
• Louisiana Office of Tourism: State tourism promotion agency for Louisiana; comparable in function to the tourism promotion arms of Texas EDTO but operating in an adjacent regional market.

Broad incumbents

• Tennessee Department of Economic and Community Development: State agency administering business recruitment, industry development, and disaster recovery for Tennessee, including the Tennessee Music Office — a near-identical structural peer.
• Georgia Department of Economic Development: State agency leading business recruitment, tourism, and film/music industry development for Georgia; comparable scope of state economic development services to Texas EDTO.
• Empire State Development: New York State's principal economic development agency, administering business recruitment, retention, and tourism programs; comparable in scope to Texas EDTO but serving a different state.
• California Governor's Office of Business and Economic Development (GO-Biz): California's state-level economic development office under the Governor, providing business attraction, retention, and industry support; a direct counterpart to Texas EDTO in function though serving a larger, more regulated economy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/TexasEconDev
• YouTubeyoutube.com/channel/UCqTttg2CGGqDmMYR1S0q5Hw
• Facebookfacebook.com/TexasGovernor
• LinkedInlinkedin.com/company/office-of-the-governor-state-of-texas
• Instagraminstagram.com/govabbott

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Texas Economic Development & Tourism Office