Eastland Economic Development, Inc. Eastland City Hall 113 E. Commerce Street • Eastland, TX 76448 254-271-9374

Economic Incentives

 

Eastland Incentives

 

Texas Incentives

 

Advantages for Manufacturers

 

 

City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales tax to promote new and expand existing industrial and manufacturing activities. The sales tax proceeds may be used to fund promotional and development activities related to business attraction/retention; financial assistance to businesses; land and building purchase, lease and upgrade; infrastructure upgrade and placement; and training and education. Reinvestment Zones The City of Eastland will consider a reinvestment zone for the purpose of tax abatements, tax increment financing and public improvement districts. Property Tax Abatement To promote and retain high quality development in all parts of the city, the City of Eastland and Eastland County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property in accordance with the City's guidelines and criteria for granting a tax abatement. Tax Increment Financing The City will consider using Tax Increment Financing to finance needed public improvements in a defined area. The costs of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. Public Improvement District The Public Improvement District Act allows a city to levy and collect special assessments on a property that is within the city or within the city's extraterritorial jurisdiction (ETJ). The public improvement district may be formed to accomplish improvements such as water, wastewater, drainage, streets and sidewalks, parking, parks and recreation. Economic Development Grants/Loans Chapter 380 of the Local Government Code provides legislative authority for municipalities to establish a program for making loans and grants to promote state and local economic development and to stimulate business and commercial activity in the City. Other incentives that will be considered include: • Free land • Development Grants and Waver of all City fees • Participation in all public infrastructure development activities relating to projects • Reduced rates on water, sewer and solid waste if feasible • Revenue Bonds – The City of Eastland and Eastland County’s Industrial Development Corporation and will consider revenue bonds for the projects. *By law the Eastland City Commissioners must consider incentives on a case-by-case basis and incentives cannot be guaranteed until the City Commission considers in a formal public meeting. All incentives will be tied to a development guarantee or “claw back” agreement between the developer and the City of Eastland. A cost/benefit analysis will be performed on each project. City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales tax to promote new and expand existing industrial
Visit Eastland • Eastland Chamber of Commerce • City of Eastland • Eastland Community Foundation
Eastland Economic Development, Inc. Eastland City Hall 113 E. Commerce Street • Eastland, TX 76448 254-271-9374

Eastland Profile    Properties    Incentives

Water/Sewer    Transportation    About Eastland EEDI

 

 

 

Economic Incentives

 

Eastland Incentives

 

Texas Incentives

 

Advantages for Manufacturers

 

 

City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales tax to promote new and expand existing industrial and manufacturing activities. The sales tax proceeds may be used to fund promotional and development activities related to business attraction/retention; financial assistance to businesses; land and building purchase, lease and upgrade; infrastructure upgrade and placement; and training and education. Reinvestment Zones The City of Eastland will consider a reinvestment zone for the purpose of tax abatements, tax increment financing and public improvement districts. Property Tax Abatement To promote and retain high quality development in all parts of the city, the City of Eastland and Eastland County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property in accordance with the City's guidelines and criteria for granting a tax abatement. Tax Increment Financing The City will consider using Tax Increment Financing to finance needed public improvements in a defined area. The costs of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. Public Improvement District The Public Improvement District Act allows a city to levy and collect special assessments on a property that is within the city or within the city's extraterritorial jurisdiction (ETJ). The public improvement district may be formed to accomplish improvements such as water, wastewater, drainage, streets and sidewalks, parking, parks and recreation. Economic Development Grants/Loans Chapter 380 of the Local Government Code provides legislative authority for municipalities to establish a program for making loans and grants to promote state and local economic development and to stimulate business and commercial activity in the City. Other incentives that will be considered include: • Free land • Development Grants and Waver of all City fees • Participation in all public infrastructure development activities relating to projects • Reduced rates on water, sewer and solid waste if feasible • Revenue Bonds – The City of Eastland and Eastland County’s Industrial Development Corporation and will consider revenue bonds for the projects. *By law the Eastland City Commissioners must consider incentives on a case-by-case basis and incentives cannot be guaranteed until the City Commission considers in a formal public meeting. All incentives will be tied to a development guarantee or “claw back” agreement between the developer and the City of Eastland. A cost/benefit analysis will be performed on each project
Visit Eastland • Eastland Chamber of Commerce • City of Eastland Eastland Community Foundation
Eastland Economic Development, Inc. Eastland City Hall 113 E. Commerce Street • Eastland, TX 76448 254-271-9374
City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales tax to promote new and expand existing industrial and manufacturing activities. The sales tax proceeds may be used to fund promotional and development activities related to business attraction/retention; financial assistance to businesses; land and building purchase, lease and upgrade; infrastructure upgrade and placement; and training and education. Reinvestment Zones The City of Eastland will consider a reinvestment zone for the purpose of tax abatements, tax increment financing and public improvement districts. Property Tax Abatement To promote and retain high quality development in all parts of the city, the City of Eastland and Eastland County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property in accordance with the City's guidelines and criteria for granting a tax abatement. Tax Increment Financing The City will consider using Tax Increment Financing to finance needed public improvements in a defined area. The costs of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. Public Improvement District The Public Improvement District Act allows a city to levy and collect special assessments on a property that is within the city or within the city's extraterritorial jurisdiction (ETJ). The public improvement district may be formed to accomplish improvements such as water, wastewater, drainage, streets and sidewalks, parking, parks and recreation. Economic Development Grants/Loans Chapter 380 of the Local Government Code provides legislative authority for municipalities to establish a program for making loans and grants to promote state and local economic development and to stimulate business and commercial activity in the City. Other incentives that will be considered include: • Free land • Development Grants and Waver of all City fees • Participation in all public infrastructure development activities relating to projects • Reduced rates on water, sewer and solid waste if feasible • Revenue Bonds – The City of Eastland and Eastland County’s Industrial Development Corporation and will consider revenue bonds for the projects. *By law the Eastland City Commissioners must consider incentives on a case-by-case basis and incentives cannot be guaranteed until the City Commission considers in a formal public meeting. All incentives will be tied to a development guarantee or “claw back” agreement between the developer and the City of Eastland. A cost/benefit analysis will be performed on each project
Visit Eastland • Eastland Chamber of Commerce • City of Eastland Eastland Community Foundation
Eastland Economic Development, Inc. Eastland City Hall 113 E. Commerce Street • Eastland, TX 76448 254-271-9374

Economic Incentives

 

Eastland Incentives

 

Texas Incentives

 

Advantages for Manufacturers

 

 

City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales tax to promote new and expand existing industrial and manufacturing activities. The sales tax proceeds may be used to fund promotional and development activities related to business attraction/retention; financial assistance to businesses; land and building purchase, lease and upgrade; infrastructure upgrade and placement; and training and education. Reinvestment Zones The City of Eastland will consider a reinvestment zone for the purpose of tax abatements, tax increment financing and public improvement districts. Property Tax Abatement To promote and retain high quality development in all parts of the city, the City of Eastland and Eastland County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property in accordance with the City's guidelines and criteria for granting a tax abatement. Tax Increment Financing The City will consider using Tax Increment Financing to finance needed public improvements in a defined area. The costs of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. Public Improvement District The Public Improvement District Act allows a city to levy and collect special assessments on a property that is within the city or within the city's extraterritorial jurisdiction (ETJ). The public improvement district may be formed to accomplish improvements such as water, wastewater, drainage, streets and sidewalks, parking, parks and recreation. Economic Development Grants/Loans Chapter 380 of the Local Government Code provides legislative authority for municipalities to establish a program for making loans and grants to promote state and local economic development and to stimulate business and commercial activity in the City. Other incentives that will be considered include: • Free land • Development Grants and Waver of all City fees • Participation in all public infrastructure development activities relating to projects • Reduced rates on water, sewer and solid waste if feasible • Revenue Bonds – The City of Eastland and Eastland County’s Industrial Development Corporation and will consider revenue bonds for the projects. *By law the Eastland City Commissioners must consider incentives on a case-by-case basis and incentives cannot be guaranteed until the City Commission considers in a formal public meeting. All incentives will be tied to a development guarantee or “claw back” agreement between the developer and the City of Eastland. A cost/benefit analysis will be performed on each project
Visit Eastland • Eastland Chamber of Commerce • City of Eastland Eastland Community Foundation

 

 

 

Economic Incentives

 

Eastland Incentives

 

Texas Incentives

 

Advantages for Manufacturers

 

 

City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales tax to promote new and expand existing industrial and manufacturing activities. The sales tax proceeds may be used to fund promotional and development activities related to business attraction/retention; financial assistance to businesses; land and building purchase, lease and upgrade; infrastructure upgrade and placement; and training and education. Reinvestment Zones The City of Eastland will consider a reinvestment zone for the purpose of tax abatements, tax increment financing and public improvement districts. Property Tax Abatement To promote and retain high quality development in all parts of the city, the City of Eastland and Eastland County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property in accordance with the City's guidelines and criteria for granting a tax abatement. Tax Increment Financing The City will consider using Tax Increment Financing to finance needed public improvements in a defined area. The costs of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. Public Improvement District The Public Improvement District Act allows a city to levy and collect special assessments on a property that is within the city or within the city's extraterritorial jurisdiction (ETJ). The public improvement district may be formed to accomplish improvements such as water, wastewater, drainage, streets and sidewalks, parking, parks and recreation. Economic Development Grants/Loans Chapter 380 of the Local Government Code provides legislative authority for municipalities to establish a program for making loans and grants to promote state and local economic development and to stimulate business and commercial activity in the City. Other incentives that will be considered include: • Free land • Development Grants and Waver of all City fees • Participation in all public infrastructure development activities relating to projects • Reduced rates on water, sewer and solid waste if feasible • Revenue Bonds – The City of Eastland and Eastland County’s Industrial Development Corporation and will consider revenue bonds for the projects. *By law the Eastland City Commissioners must consider incentives on a case-by-case basis and incentives cannot be guaranteed until the City Commission considers in a formal public meeting. All incentives will be tied to a development guarantee or “claw back” agreement between the developer and the City of Eastland. A cost/benefit analysis will be performed on each project.
Visit Eastland • Eastland Chamber of Commerce City of Eastland • Eastland Community Foundation
City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales tax to promote new and expand existing industrial and manufacturing activities. The sales tax proceeds may be used to fund promotional and development activities related to business attraction/retention; financial assistance to businesses; land and building purchase, lease and upgrade; infrastructure upgrade and placement; and training and education. Reinvestment Zones The City of Eastland will consider a reinvestment zone for the purpose of tax abatements, tax increment financing and public improvement districts. Property Tax Abatement To promote and retain high quality development in all parts of the city, the City of Eastland and Eastland County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property in accordance with the City's guidelines and criteria for granting a tax abatement. Tax Increment Financing The City will consider using Tax Increment Financing to finance needed public improvements in a defined area. The costs of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. Public Improvement District The Public Improvement District Act allows a city to levy and collect special assessments on a property that is within the city or within the city's extraterritorial jurisdiction (ETJ). The public improvement district may be formed to accomplish improvements such as water, wastewater, drainage, streets and sidewalks, parking, parks and recreation. Economic Development Grants/Loans Chapter 380 of the Local Government Code provides legislative authority for municipalities to establish a program for making loans and grants to promote state and local economic development and to stimulate business and commercial activity in the City. Other incentives that will be considered include: • Free land • Development Grants and Waver of all City fees • Participation in all public infrastructure development activities relating to projects • Reduced rates on water, sewer and solid waste if feasible • Revenue Bonds – The City of Eastland and Eastland County’s Industrial Development Corporation and will consider revenue bonds for the projects. *By law the Eastland City Commissioners must consider incentives on a case-by-case basis and incentives cannot be guaranteed until the City Commission considers in a formal public meeting. All incentives will be tied to a development guarantee or “claw back” agreement between the developer and the City of Eastland. A cost/benefit analysis will be performed on each project.
Visit Eastland • Eastland Chamber of Commerce City of Eastland • Eastland Community Foundation

Eastland Profile      Properties      Incentives      Water/Sewer    Transportation    About Eastland EEDI

 

 

 

Economic Incentives

 

Eastland Incentives

 

Texas Incentives

 

Advantages for Manufacturers

 

 

City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales tax to promote new and expand existing industrial
Visit Eastland • Eastland Chamber of Commerce City of Eastland • Eastland Community Foundation
and manufacturing activities. The sales tax proceeds may be used to fund promotional and development activities related to business attraction/retention; financial assistance to businesses; land and building purchase, lease and upgrade; infrastructure upgrade and placement; and training and education. Reinvestment Zones The City of Eastland will consider a reinvestment zone for the purpose of tax abatements, tax increment financing and public improvement districts. Property Tax Abatement To promote and retain high quality development in all parts of the city, the City of Eastland and Eastland County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property in accordance with the City's guidelines and criteria for granting a tax abatement. Tax Increment Financing The City will consider using Tax Increment Financing to finance needed public improvements in a defined area. The costs of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. Public Improvement District The Public Improvement District Act allows a city to levy and collect special assessments on a property that is within the city or within the city's extraterritorial jurisdiction (ETJ). The public improvement district may be formed to accomplish improvements such as water, wastewater, drainage, streets and sidewalks, parking, parks and recreation. Economic Development Grants/Loans Chapter 380 of the Local Government Code provides legislative authority for municipalities to establish a program for making loans and grants to promote state and local economic development and to stimulate business and commercial activity in the City. Other incentives that will be considered include: • Free land • Development Grants and Waver of all City fees • Participation in all public infrastructure development activities relating to projects • Reduced rates on water, sewer and solid waste if feasible • Revenue Bonds – The City of Eastland and Eastland County’s Industrial Development Corporation and will consider revenue bonds for the projects. *By law the Eastland City Commissioners must consider incentives on a case-by-case basis and incentives cannot be guaranteed until the City Commission considers in a formal public meeting. All incentives will be tied to a development guarantee or “claw back” agreement between the developer and the City of Eastland. A cost/benefit analysis will be performed on each project.

      Eastland Profile    Properties    Incentives

Water/Sewer    Transportation About Eastland EEDI

 

 

 

Economic Incentives

 

Eastland Incentives

 

Texas Incentives

 

Advantages for Manufacturers

 

 

City of Eastland Incentives Economic Development Sales Tax In 1993, the citizens of Eastland adopted a one-half of one percent sales
tax to promote new and expand existing industrial and manufacturing activities. The sales tax proceeds may be used to fund promotional and development activities related to business attraction/retention; financial assistance to businesses; land and building purchase, lease and upgrade; infrastructure upgrade and placement; and training and education. Reinvestment Zones The City of Eastland will consider a reinvestment zone for the purpose of tax abatements, tax increment financing and public improvement districts. Property Tax Abatement To promote and retain high quality development in all parts of the city, the City of Eastland and Eastland County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property in accordance with the City's guidelines and criteria for granting a tax abatement. Tax Increment Financing The City will consider using Tax Increment Financing to finance needed public improvements in a defined area. The costs of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies taxes against the property. Public Improvement District The Public Improvement District Act allows a city to levy and collect special assessments on a property that is within the city or within the city's extraterritorial jurisdiction (ETJ). The public improvement district may be formed to accomplish improvements such as water, wastewater, drainage, streets and sidewalks, parking, parks and recreation. Economic Development Grants/Loans Chapter 380 of the Local Government Code provides legislative authority for municipalities to establish a program for making loans and grants to promote state and local economic development and to stimulate business and commercial activity in the City. Other incentives that will be considered include: • Free land • Development Grants and Waver of all City fees • Participation in all public infrastructure development activities relating to projects • Reduced rates on water, sewer and solid waste if feasible • Revenue Bonds – The City of Eastland and Eastland County’s Industrial Development Corporation and will consider revenue bonds for the projects. *By law the Eastland City Commissioners must consider incentives on a case-by-case basis and incentives cannot be guaranteed until the City Commission considers in a formal public meeting. All incentives will be tied to a development guarantee or “claw back” agreement between the developer and the City of Eastland. A cost/benefit analysis will be performed on each project.
Eastland Economic Development, Inc. Eastland City Hall 113 E. Commerce Street • Eastland, TX 76448 254-271-9374
Visit Eastland Chamber of Commerce • City of Eastland Eastland Community Foundation