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.
The BIG Program provides financial assistance for building/business owners to make exterior improvements in the Central Area Commercial District (CA) of Gainesville, Texas. See zoning map here; the CA District is in red.
The Gainesville Economic Development Corporation aims to invest $75,000 into Downtown...
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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...
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Jobs created/retained since 2010 as a result of direct economic agreements with the GEDC: 492
Incentives awarded since 2015: $2,903,828.53
To create new jobs and bring new cash flow into our local economy, the Gainesville Economic Development Corporation, as a Texas Type...
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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 –...
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Download this PDF to find out more about incentives such as:
Texas Enterprise Fund
Skills Development Fund
Self-Sufficiency Fund
Texas Enterprise Zone Program
Governor’s University Research Initiative
Texas Capital Fund Infrastructure / Real Estate Programs
State Sales and Use...
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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...
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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...
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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...
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Triple Freeport Tax Exemptions consist of exemption of ad valorem taxes for products detained for 175 days or less.
Contact the Gainesville Economic Development Corporation with questions:
940-665-5241
aschroyer@cogtx.org
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