© 2018 Grow Northwest

INCENTIVES

Harris County is renowned for its business friendly environment. This is demonstrated through an array of State and County incentives available to qualifying companies expanding or relocating in the area.

STATE INCENTIVES:

TEXAS ENTERPRISE FUND

Known as the "Deal Closer", this is a cash grant incentive offered to companies bringing in significant jobs and capital investment at a single site and competing with another out-of-state option.

SKILLS DEVELOPMENT FUND

The 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.

MANUFACTURING SALES TAX EXEMPTION

Texas sales and use tax exempts tangible personal property that becomes a component of a manufactured product for sale and taxable services used on a manufactured product to make it more marketable.

POLLUTION CONTROL EQUIPMENT INCENTIVE

A property tax exemption on pollution control equipment used wholly or partly for preventing, monitoring, controlling or reducing air, water or land pollution.

HARRIS COUNTY / LOCAL INCENTIVES:

PROPERTY TAX ABATEMENT

Agreements which exempt a portion of the increased value in real or personal property from taxation for a period not to exceed 10 years.

GREEN BUILDING TAX ABATEMENT

Provides a property tax exemption on buildings constructed which achieve LEED Certification. Buildings are qualified by value and level of certification.

ENTERPRISE ZONE PROGRAM

A tool for local communities to partner with the State to promote job creation and capital investment in economically distressed areas.

FREEPORT TAX & GOODS IN TRANSIT EXEMPTION

The Aldine, Cy-Fair, Klein and Spring Independent School Districts offer an exemption on property taxes for any inventory exported outside the State within 175 days. Freeport property includes goods, wares and merchandise.

Goods In Transit are acquired inside or outside the state, detained at a facility in which the owner of the goods has no direct or indirect ownership of the facility, detained for storing purposes by the person who acquired or imported the property, and then shipped to another location in or out of this state within 175 days.

FOREIGN TRADE ZONES (FTZ)

Harris County is designated as a Foreign Trade Zone giving an importing/exporting company located in the County the ability to take advantage of duty and tariff savings.

Contact Bobby Lieb for more information:

BobbyL@HoustonNWChamber.org