Incentives for a relocation or expansion project in the Wichita Falls MSA comes from two sources – The state of Texas and the local community. The incentive evaluation process is based on a variety of economic factors including, but not limited to, new jobs created and capital investment.
Possible available local incentives: Cash for jobs, property tax abatements, non-annexation agreements, and relocation/recruitment.
Wichita Falls is poised to offer many incentive options to fit varying needs. Please contact us and let us help you to grow your business. Economic Development team.
Texas Enterprise Fund
The Texas Enterprise Fund is the largest “deal-closing” fund of its kind in the nation. The fund is used as a final incentive tool for projects that offer
The Freeport and Goods in Transit Exemptions
Section 11.251 of the Tax Code provides for a freeport exemption applying to goods, wares, ores
Texas Enterprise Zone
Under the Texas Enterprise Zone Program, 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.
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
Skills Development Fund
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. The State’s Skills Development Fund program has been remarkably successful in Wichita Falls.