Incentive Opportunities

The City of Center offers a wide spectrum of incentive opportunities to qualifying businesses and investments.  Please reference the City's economic development policy document for additional information.  Each of these incentives are to be judged on a case-by-case basis within the policy guidelines and goals of the Center City Council and Economic Development Corporation.

Property Tax Abatements

Based on capital investment and job creation, the City may grant a property tax abatement on the value of the improvements to the property.

Sales Tax Rebates

Based on capital investment and job creation, the City may rebate part of the city portion of sales tax collected from the business.

Site Development Assistance

The Economic Development Corporation, working in conjunction with the City of Center, may be able to provide assistance to the business in extending utility services to the business location at no cost to the business.

Tax Increment Financing

The tax increment financing zone can be used to finance the cost of improvements to assist a business.

Sponsorships of Texas Capital Fund Grants

The State of Texas manages the Texas Capital Fund program, a grant program to help communities recruit and retain key employers to the city.  The grant program allows for the extension of utilities to the property line, such as electrical, gas, fiber optic, water and wastewater.  The program also will provide a grant to a business for the construction of a building.  However, this is a zero-interest loan to the business.

The links to the right are to various state and federal economic development programs.