Texas Economic Development & Tourism Office
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.
- Company typePrivate
- Founded-
- HeadquartersAustin, United States
- Headcount—
- GTM typeB2B
- OfferingServices
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.
Texas Economic Development & Tourism Office firmographics
Firmographics- 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
Texas Economic Development & Tourism Office industry classification
Industry- 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
Where Texas Economic Development & Tourism Office is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Texas Economic Development & Tourism Office business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- 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
Texas Economic Development & Tourism Office product offering
Product offeringCore 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
Companies that use Texas Economic Development & Tourism Office
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles5 records
Texas Economic Development & Tourism Office technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Texas Economic Development & Tourism Office partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and flagship.
- Community Development Financial Institutions (CDFIs)coreThe 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)coreFEMA 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)coreHHSC 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 ServicescoreCooperative 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)coreState 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)coreState emergency management agency coordinating disaster response, damage assessments, and recovery operations including the screwworm.texas.gov disaster portal.
- Texas Workforce Commission (TWC)coreState agency administering Disaster Unemployment Assistance for workers and self-employed individuals impacted by declared disasters in Texas.
- Public Utility Commission of Texas (PUCT)coreAdministers the Texas Energy Fund (TxEF) Outside ERCOT Grant Program, providing funding for projects that improve electric reliability and resiliency.
- USDA Secretary Brooke RollinsflagshipJoint 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
Texas Economic Development & Tourism Office competitors and assessment
Company assessmentDirect 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
Texas Economic Development & Tourism Office social profiles
Digital presenceTexas Economic Development & Tourism Office financial estimates
Financial estimateRevenue estimate
Valuation estimate
Texas Economic Development & Tourism Office leadership team
Management profileNumber of profiles
Texas Economic Development & Tourism Office funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Texas Economic Development & Tourism Office M&A and investment
M&A and investmentM&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
What does Texas Economic Development & Tourism Office do?
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.
Is Texas Economic Development & Tourism Office a public or private company?
Texas Economic Development & Tourism Office is a private company. It is classified as state government owned and is currently operating.
When was Texas Economic Development & Tourism Office founded?
Texas Economic Development & Tourism Office was founded in -1.
Where is Texas Economic Development & Tourism Office based?
Texas Economic Development & Tourism Office is headquartered in Austin, United States, in the North America region.
How does Texas Economic Development & Tourism Office make money?
One revenue line is on record: state Government Funding.
Who are Texas Economic Development & Tourism Office's main competitors?
Direct peers on record are New York City Mayor's Office of Media and Entertainment, Visit California and Tennessee Music Office. Brand USA is listed as an others. Regional players are Florida Department of Economic Opportunity and Louisiana Office of Tourism. Broad incumbents are Tennessee Department of Economic and Community Development, Georgia Department of Economic Development, Empire State Development and California Governor's Office of Business and Economic Development (GO-Biz).
Does Texas Economic Development & Tourism Office have an API?
No public API is recorded for Texas Economic Development & Tourism Office.
What industry is Texas Economic Development & Tourism Office in?
Texas Economic Development & Tourism Office's product category is State Economic Development Services. Its primary akta.pro industry code is MPAIAFAC, Festival & Event Producers/Organizers, with a secondary code of MPAGAAAB, Music Festival Organizers & Promoters. Its NAICS code is 71 and its SIC code is 7900.