TEF meaning in Business ?

Answer:

What is Texas Enterprise Fund mean?

The Texas Enterprise Fund is a business incentive fund that was created by legislation in 2003. The fund, which had an initial $295 million investment, is used for ensuring the growth of business in Texas. One of Texas’ most competitive recruitment tools, these funds are used primarily to attract new business to the state or assist with the substantial expansion of an existing business as part of a competitive recruitment situation. Sources indicate that since 2003 the Fund has yielded up to $6.3 billion in capital investment in Texas by out-of-state companies [1].

In 2004, authorization was given for the fund to grant $20 million to Countrywide Financial in return for a promise "to create 7,500 new jobs in the state by 2010." The grant (all of which are approved by the Governor, the Lieutenant Governor and Speaker of the House) is one of the largest made from the fund in terms of the size and the number of jobs promised. In the fall of 2007, while slashing jobs and with its stock price plummeting, Countrywide was eventually acquired in a fire sale by Bank of America. But thanks to the "claw-back" provisions in the program, grantees return all funds to the state for jobs not created.

In 2012, it was announced that Apple would be adding a new campus in Austin, creating 3,600 new jobs. The Fund would be investing $21 million over ten years.[2]

reference

Full Form	Category
Telfer	Airport Code
Telford Homes	Business
the Ethical Fund	Business
Toilet Exhaust Fan	Business
Telefonica, S. A. American Depositary Receipts	Business
The Enron Fantasy	Business
Texas Enterprise Fund	Business
Transformative Education Forum	Community
Toxic Equivalent Factor	Community
Theological Education Fund	Community
Tourism Ecological Footprint	Community
Tailhook Educational Foundation	Community
Telemark Educational Foundation	Community
Technical Executive Forum	Community
Tewksbury Education Foundation	Community
Tooele Education Foundation	Community
Time, Energy, and Frequency	Electronics
Relisys Tefax Fax Document	File Type
The Elite Force	General
Tranfer Evolution Formalism	General
Temporary Enemy Flag	General
Toxic Equivalency Factor	General
Tom Eliot Fisch	General
Thomas Edward Figg	General
Trans Essential Fats	General
Temporary Enemy Flagging	General
Teaching Excellence Framework	General
Tony Elumelu Foundation	General
The Ender Foxz	General
Toxicity Equivalency Factor	General
Thyrotroph Embryonic Factor	General
Traffic Exposure Factor	General
Time Energy Frequency	Governmental
Transportation Energy Futures	Governmental
Training and Employment Funds	Governmental
Test for Evaluating French	International
Thermic Effect of Food	Medical
Tablet, Effervescent	Medical
Toxicity Equivalence Factor	Medical
Tracheal Esophageal Fistula	Medical
Tracheoesophageal fistula	Medical
The Elite Fraggers	Military and Defence
Telfer, Western Australia, Australia	Regional