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)
- 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
Community Based Incentives could include:
- Job fairs to attract employees
- Residential real estate assistance
- Community orientation, introductions and tours
- Spouse employment assistance
- Community welcome and announcements/press conference coordination
- Identification of business support services
State Incentives:
- Texas Enterprise Fund
- Skills Development Fund
- Self-Sufficiency Fund
- 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