Business Incentives for Gainesville Texas
The Gainesville Economic Development Corporation provides support to attract, retain, and expand growing industries and businesses. Contact us today to be connected with the local and state incentives that will catalyze success.
Results
About the ProgramThe BIG Program provides financial assistance for building/business owners to make exterior building improvements in the Central Area Commercial District (CA) of Gainesville, Texas. The BIG Façade Program provides funds toward fixed site improvements in compliance with Section 501.103 of the Texas Local...
Learn More
Through Chapters 380 and 381 of the Local Government Code, the County is allowed to negotiate directly with developers and businesses and Gainesville is authorized to offer a range of incentives designed to promote local economic development. Specifically, it allows for the provision of loans...
Learn More
To encourage new destination business investments and extended hours of operation in Downtown Gainesville, Texas, the Gainesville Economic Development Corporation created the Downtown Destination Creation (DDC) Loan-To-Grant Program to incentivize businesses that primarily work to attract new customers from outside of Gainesville to patronize businesses...
Learn More
FREEPORT AND GOODS IN TRANSIT EXEMPTIONSFREEPORT SUMMARYIn 1989, Texas voters approved a constitutional amendment giving local taxing jurisdictions the option to exercise or not exercise their authority to tax specific personal property known as Freeport Goods. Several Gainesville-area grant the freeport exemption and/or the Goods...
Learn More
Jobs created/retained since 2010 as a result of direct economic agreements with the GEDC: 492 Incentives awarded since 2015: $2,903,828.53To create new jobs and bring new cash flow into our local economy, the Gainesville Economic Development Corporation, as a Texas Type B EDC, invests in the...
Learn More
Texas, a business-friendly state, has numerous incentives for business growth.
Texas Enterprise Fund – Possible job creation fund of $4,000 - $6,000 per new qualifying job.
Skills Development Fund – Job-training fund of up to $2,000 per employee.
Texas Enterprise Zone Fund –...
Learn More
Download this PDF to find out more about incentives such as:SUMMARY OF STATE BUSINESS INCENTIVES & PROGRAMSGRANTSFrom public infrastructure projects in non-entitlement communities, to cancer research and laboratory facility construction, many types of grants are available to Texas communities and businesses.Cancer Prevention & Research General...
Learn More
Gainesville has two Opportunity Zones; the Gateway Industrial Park is located within one of them. Opportunity Zones were created in 2017 when the new Tax Cuts and Job Act was implemented. They are designed to spur economic development in less-developed and under-invested communities by providing...
Learn More
The Gainesville Economic Development Corporation considers incentives for employers to provide jobs that earn a living wage in Gainesville, Cooke County, Texas.
Details
Living wage is defined by the GEDC as $18.50 per hour on a full-time basis (2080 hours annually) or...
Learn More
The JETI Act is a new competitive economic incentive program used to attract large, capital-intensive economic development projects, bringing new capital investment and creating new, high-paying jobs in Texas communities.Who Can Apply?Companies planning a new project within the following categories are eligible to apply for...
Learn More
The TSIF will provide grants to state entities and institutions of higher education for semiconductor manufacturing and design projects; and award grants to business entities with an established presence within the state of Texas to encourage economic development related to semiconductor manufacturing and design. Find Eligibility...
Learn More
New Market Tax Credits are available in Gainesville. Gateway Industrial Park and Historic Downtown Gainesville are located within the NMTC zone. This designation is re-evaluated every 5 years so now is the time to bring your project to Gainesville. NMTC is a federal tax incentive designed...
Learn More