By working together, we make it easier for you to invest, expand, and innovate. Farmersville EDC will customize incentive packages that fit the unique needs of your business to help you grow and thrive in our community. Our flexible approach ensures that businesses of all sizes and industries can find value here!
Use our incentives resource below to find information on available local, state, and federal incentives.
Chapter 380 of the Texas Local Government Code allows Farmersville to offer a range of incentives for economic development, including the ability to rebate some of the city's portion of the
Chapter 380 of the Texas Local Government Code allows Farmersville to offer a range of incentives for economic development, including the ability to rebate some of the city's portion of the 8.25% sales and use tax collected from business entities located in the jurisdiction.
Qualifying businesses considering locating in Farmersville have the opportunity to apply for a property tax abatement on new value created as a result of the project. Tax abatements are available
Qualifying businesses considering locating in Farmersville have the opportunity to apply for a property tax abatement on new value created as a result of the project. Tax abatements are available from the City of Farmersville, Collin County and other jurisdictions, as applicable.
The City of Farmersville has historically utilized Tax Increment Reinvestment Zones (TIRZ) as a powerful vehicle to develop and redevelop qualified projects based on City goals and objectives.
The City of Farmersville has historically utilized Tax Increment Reinvestment Zones (TIRZ) as a powerful vehicle to develop and redevelop qualified projects based on City goals and objectives.
Farmersville EDC can customize incentive packages to assist in meeting your needs and can make available subsidies, job training, and grant application assistance.
Farmersville EDC can customize incentive packages to assist in meeting your needs and can make available subsidies, job training, and grant application assistance.
Any existing businesses located in the City of Farmersville are eligible for this program. This includes businesses requiring construction prior to official opening dates, provided that the
Any existing businesses located in the City of Farmersville are eligible for this program. This includes businesses requiring construction prior to official opening dates, provided that the business provides ownership of the subject business or businesses. Grant amounts begin at $2,500 and go up to a maximum of $25,000, with a required equal match from the property owner. Recipients of FEDC business development grants are not required to pay back the matching funds.
Centerpoint Energy offers incentives to participants (Project Sponsors) who install energy efficient retrofit projects in commercial and industrial facilities. This program also accepts new
Centerpoint Energy offers incentives to participants (Project Sponsors) who install energy efficient retrofit projects in commercial and industrial facilities. This program also accepts new construction projects, which exceed minimum energy efficiency standards.
The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances through the State of Texas. The primary objective of the
The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances through the State of Texas. The primary objective of the program is to aid in the development, production and commercialization of new or improved products and to foster and stimulate small business in the State of Texas.
Established by the 74th Legislature in 1995, the Skills Development Fund was designed to better utilize the public community and technical college system in Texas as well as other training
Established by the 74th Legislature in 1995, the Skills Development Fund was designed to better utilize the public community and technical college system in Texas as well as other training organizations and have them partner with businesses throughout the state (with priority on small businesses) to train workers to meet the labor needs of employers and the regional labor market.
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
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 opportunities to the state’s economy.
The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor (DOL) for employers who hire individuals from specified target populations. WOTC
The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor (DOL) for employers who hire individuals from specified target populations. WOTC reduces a business’s federal tax liability, serving as an incentive to select job candidates who may be disadvantaged in their efforts to find employment.
