GEDC Incentives: Robust and Flexible

• 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 B EDC, invests in the retention and expansion of existing businesses and recruitment of new businesses. 

In addition to affordable land, interstate access, rail access, and a pro-business environment, the GEDC provides incentives through qualifying expectations and guidelines. However, the GEDC Board of Directors has the flexibility to consider projects on a case-by-case basis. Customized incentives include deal closers, grants, tax abatements, and sales tax rebates. Options include:

• Cash incentives
• New Job Creation Grant (most popular)
• Chapter 380 and 381 abatements
• Sales tax rebates
• New Market Tax Credit Program
• Two Opportunity Zones
• Triple Freeport Tax exemptions 

Minimum Qualifications for GEDC and City Incentives

• Minimum growth requirements for existing manufacturing is 10 retained and 5 new jobs AND $250,000 unabated investment in building, machinery/equipment, and/or personal property.
• Minimum requirements for new manufacturing and office business is 20 new jobs and $500,000 unabated investment in building, machinery/equipment, and/or personal property.
• Minimum requirements for retail and Texas Type B qualifying business projects is $300,000 in unabated construction costs.

Contact the Gainesville Economic Development Corporation with any questions and to see how we can customize incentives to meet your exact needs:

940-665-5241
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