What is it?The purpose of the DIF is to spur and accelerate the growth of defense innovation-focused companies at various levels of revenue and funding stages during the startup lifecycle. It’s designed to grow with the company as it scales, supplementing growth during the timeliest need in the startup lifecycle. DIF grants range from $10-50K and will be awarded through an application process and on a case-by-case basis.
Who should apply?Startups with a focus on defense innovation interested in having operations in Round Rock. Companies will be evaluated by a team of industry experts to determine grant amounts.
Requirements to Apply
Company must retain HQ/significant operations in Round Rock for a minimum of 3 years
Company within defense innovation target-sector that commits to bring new operations or grow existing operations in Round Rock
Engages with the Round Rock Chamber to complete annual performance survey
Located only 15 miles north of downtown Austin, Round Rock is quickly and intentionally emerging as a leading location for aerospace and defense industry companies looking to expand or relocate their business. The city is home to the global headquarters of Dell Technologies, Army Futures Command's Resource Operation Center and other military contractors and suppliers.
Round Rock’s pro-business climate, abundant veteran and military workforce make Round Rock your solid choice for business.
Round Rock is a major economic hub for Central Texas and a budding location for the defense industry sector due to a unique set of factors.
Round Rock and the State of Texas offers a variety of economic incentives that are considered on a case-by-case basis for aerospace and defense companies considering a relocation or expansion into the market. Incentives are performance-based and tied to job creation, capital investment and average wages, among other factors.
Texas also imposes no corporate or individual income tax, allowing for companies to grow their bottom line and allowing employees to enjoy a high-value quality of life.
Property Tax Rebates
The City of Round Rock offers property tax abatements for new business construction and existing industry expansions.
Workforce Training
Grants are available through the Skills Development Fund for employer-customized workforce training programs in partnership with a local Texas community college.
Sales & Use Tax Exemption
Companies in Texas performing qualified research or manufacturing activities may qualify for a sales and use tax exemption.
Industry Ecosystem
Locating your business in Round Rock puts you in good company. As the aerospace and defense industry continues to grow in Central Texas, your business can flourish alongside industry leaders such as Dell Technologies and Army Futures Command.
Home to global corporate headquarters and high-growth companies alike, Round Rock is a major economic hub for the Central Texas region.
Young & Educated Workforce
159,000
Veterans in the Region with Security Access Background
33.7 Median Age
30,000
Yearly Graduates within 45-Minute Drive
Please complete the following form to request more information about the Defense Innovation Fund and/or locating your aerospace and defense business in Round Rock, TX.
Defense Innovation Fund Request for More Information
About Us
The Round Rock Chamber is the economic-generation leader for Round Rock. We are dedicated to ensuring the city reaches its potential through collaboration with community and business leaders to establish programs that support business growth. With our investors in mind, we work every day to provide significant value by producing meaningful and measurable results. Learn more.
Contact Us 212 East Main Street, Round Rock, TX, 78664 Office: (512) 255-5805 Email: info@roundrockchamber.org
