Jobs For Texas, or J4T, is an innovative program designed to increase small businesses’ access to capital and enable private entrepreneurs to make market-driven decisions to grow jobs. The J4T program won a $46.5 million award from the U.S. Department of the Treasury as part of the State Small Business Credit Initiative (SSBCI).
Jobs for Texas includes a loan guarantee program and a venture capital fund investment program. Texas financial lenders, businesses and investors can utilize the programs to increase the amount of credit available to qualifying small businesses, as defined by the SSBCI. These funds will be used to enhance economic development and private investment in Texas by helping small businesses grow and create jobs through the allocation of approximately $10.5 million for loan guarantees and $36 million for venture capital programs.