Local and State Incentives

Established Local Incentives:

  • Sales Tax for Economic Development
  • Free Land in the new Business Park South (South U.S. Hwy 385)
  • Free Land in the existing and developed North Industrial Park (North Hwy 385)
  • Tax Abatement Incentives (up to 7 years at 100%)
  • Educational/Job Training programs from Permian Basin Workforce Development Board
  • Technical assistance from the Small Business Development Center
  • No development fees
  • Assistance with Infrastructure
  • Access to regional training and development services
  • Low and no interest loans
  • Expedited permitting process
  • Industrial Revenue Bond

Community Based Incentives could include:

  • Job fairs to attract employees
  • Residential real estate assistance
  • Community orientation, introductions and tours
  • Community welcome and announcements/press conference coordination
  • Identification of business support services

State Incentives:

  • Texas Enterprise Fund
  • Skills Development Fund
  • Self-Sufficiency Fund
  • Texas Enterprise Zone Program
  • Texas Capital Fund Infrastructure Program
  • Texas Capital Fund Real Estate Development Program
  • Rural Municipal Finance Program
  • Sales and Use Tax Exemptions
  • Freeport Exemption
  • Franchise Tax Credits for Economic Development
  • Permit Assistance
  • Economic Development and Diversification In-State Tuition for Employees
  • Texas Industry Development Loan Program