Ingleside State Incentives
The State of Texas offers numerous incentives that make it more financially attractive to do business here. The state levies no corporate or personal income tax, so businesses benefit from this savings as soon as they move to Texas. In addition, the Texas Enterprise Fund can be used as “deal-closing” grants to companies considering a new project when a site in Ingleside, Texas is competing with another site out of state. Grants are awarded based on project worthiness and job creation. The Skills Development Fund is another state incentive designed to help pay for job training.
Other possible incentives range from tax refunds to real estate development funds and franchise tax exemptions.
Click here for a full list of state incentives.
Results
Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations in the State of Texas to pay in-state tuition rates at public institutions of higher education...
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Industrial Revenue Bonds (IRBs) provide a source of tax-exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses, encourage employment, and expand the tax base of a community. IRBs are issued by Industrial Development Corporations sponsored by a...
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he Product Development and Small Business Incubator Fund offers long-term, asset-backed loans to near-bankable businesses commercializing new or improved products and small businesses or entities which foster growth of small businesses. The program targets those businesses which may be unable to obtain full financing or financing on workable terms in traditional capital markets.
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The Self Sufficiency Fund provides training grants for industry recognized certificates and credentials that lead to permanent full-time employment.
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OverviewThe Skills Development Fund is Texas' premier job-training program providing local customized training opportunities for Texas businesses and workers to increase skill levels and wages of the Texas workforce. The Texas Workforce Commission administers funding for the program. Success is achieved through collaboration among businesses,...
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Beginning September 1, 2003 an enterprise project is eligible for a refund for state sales and use taxes paid for building materials, machinery and equipment, electricity and natural gas purchased and consumed in the normal course of business and depending on investment amount and number...
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The Texas Capital Fund Infrastructure Program is an economic development tool designed to provide financial resources to non-entitlement communities. Funds from this program can be utilized for public infrastructure (water, sewer, roads, etc.) needed to assist a business, which commits to create and/or retain permanent...
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The Texas Capital Fund Real Estate Development Program is designed to provide financial resources to non-entitlement communities such as Seguin. Funds must be used for real estate development (acquisitions, construction and/or rehabilitation) to assist a business, which commits to create and/or retain permanent jobs, primarily...
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The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a financial incentive for those companies whose projects would contribute significant capital investment and new employment...
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The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.
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