Chapter 380 of the Texas Local Government Code allows us to offer a range of incentives for economic development, including the ability to rebate some of the city's portion of the 1.0% sales and use tax collected from business entities located in the jurisdiction.
Chapter 380 of the Local Government Code authorizes municipalities to offer incentives designed to promote economic development such as commercial and retail projects. Specifically, it provides for offering loans and grants of city funds or services at little or no cost to promote state and local economic development and to stimulate business and commercial activity.
Each City has their own requirements, but generally to qualify:
Company must establish place of business within the City
Company needs to add new jobs at or above average regional wages
Duration: Initial term not to exceed 10 years
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