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Incentives
Marshall Economic
Development Corporation Incentives are based on the number of new jobs
created, the annual payroll, and the amount of the capital investment.
Possible incentives include:
- Land, facilities
and infrastructure improvement
- Property tax
incentives
- Training
- Recruiting and
screening of employees
State Incentives
State of Texas Incentives:
- Texas Enterprise
Zone Program – Businesses that locate in designed zones may
be eligible for local and /or state benefits. The Texas Department
of Economic Development may grant state benefits if a business is
awarded “Enterprise Project” status. Example of state
benefits include:
- State sales
tax refunds of taxes paid on machinery and equipment, building
materials, labor for the rehabilitation of existing buildings,
and electricity and natural gas purchased for use in the enterprise
zone
- Franchise
tax reductions
- Freeport
Tax Exemption
- Tax abatement
for Industrial Property
- Texas Job
Creation Tax Credit
- Priority
status for other state administered programs
- Texas
Capital Fund Infrastructure Program
– Companies that locate in nonentitlement communities may receive
funds to be used for needed infrastructure.
- Skills Development
Fund is designed to help businesses apply for job training funds in
partnership with local community colleges and technical schools to
finance customized job training.
- Defense
Economic Adjustment Assistance Grant Program
- Texas
Industrial Revenue Bond Program
- Texas
Leverage Fund
- Texas
Linked Deposit Program
For more information
about incentives contact:
Lou Ann Nisbett
Executive Director
Marshall Economic Development Corporation
888-746-3326
nisbett@medco.org
