Walter Ulrich is CEO at the Houston Tech Center.
"It is expected that some if not all of those funds will come through, so I believe that the situation is that we are simply having a pause in the program, not the termination of the program."
Ulrich says the program has been around five years and has helped about 35 Houston businesss get started. For now, he says they've stopped taking applications until further word from the state, which he believes is just a matter of time.
"I would expect that before the end of this calendar year, the program would be back in operation again, worse case first quarter of next year."
Companies that have already been approved will still get money that's been allocated; as for the future the program, the people who run the Houston Technology Center say they're not worried.
Bill Stamps, KUHF News.