- The partnership between the business community and the BR&E program is incentive based due to the knowledge the BR&E partner has with the business community.
Abatements (real & personal property)
- The City of Wichita Falls and Wichita County have agreed to abate their respective portions of increased Ad Valorem tax to existing and primary employers.
Cash for jobs
- This 4A economic development sales tax is used to promote economic development, and provides cash incentives to job creators in Wichita Falls.
- In return for providing primary employers with municipal services (water, wastewater,solid waste disposal, fire, and police protection), the City of Wichita Falls will enter into a “non-annexation” agreement with the business
- The state of Texas offers a large variety of economic development incentives including a research & development tax credit, renewable energy incentives, cancer prevention & research bonds, skills development funding and much more.
Texas Enterprise fund
- The fund is used as a final incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of- state option.
Skills development grant
- The Chamber and Vernon College partner to assist an existing primary employer or a new employer with the evaluation and packaging of state and federal training programs.
Texas Enterprise zone project
- The city of Wichita Falls can adopt a company as a Qualified Business and thereby request that the State of Texas grant that company Enterprise Project status. Once the project has been so designated by the state, the project is eligible for a refund of state sales and use tax.
Triple freeport exemption
- This local incentive exempts 100% of the ad valorem taxes (County, City and School.)