 |
|
|
| Incentive |
|
Offered
By |
|
Description |
| No Corporate
Income Tax |
|
State of
Texas |
|
No State income tax or personal income tax |
| Capital
Investment Credit |
|
State of
Texas |
|
7.5% franchise tax credit of companies investing $500,000 in
machinery and equipment. |
| Job Creation
Credit |
|
State of
Texas |
|
Credit equal to 5% of the wages of new workers, company creates at
least 10 jobs & pays at least 110% of the county’s average weekly
wage, to include health benefits |
| Research
Credit |
|
State of
Texas |
|
5% of qualified expenses on R&D, 5% bonus for Brazoria County
included in Strategic Investment Area (SIA) |
Sales and Use
Tax Exemptions – Machinery/
Equipment |
|
State of
Texas |
|
Manufacturing machinery & equipment leased/purchased with a
useful life over 6 months & used in the manufacturing process are exempt
from state and local sales & use tax |
| Sales and Use
Tax Exemptions - Labor |
|
State of
Texas |
|
Labor used in the construction of new facilities is exempt from state
and local sales & use tax |
| Skill
Development Fund Grants |
|
State sponsored
skills development plan contracted through community college district for
workforce training |
|
Brazosport College and Alvin Community College can assist in
tailoring skills development training to meet your requirements with State
supported job training programs |
| Infrastructure
Grants |
|
Assistance
through Texas Economic Development and US Department of Commerce for
infrastructure assistance on site |
|
Brazoria County and State of Texas will work with you to obtain
assistance with infrastructure and financing |
| Statewide
technology infrastructure |
|
TMAC, Texas
Engineering and Extension Service, the services of Rice Univ., Univ. of Texas,
Texas A&M, and Univ. of Houston for research and business
development |
|
State and regional sources are available for manufacturing assistance
and for items such as ISO-9000/ 9002 certification |
| Tax
Abatement |
|
Brazoria County
Entities in Texas can offer up to ten years abatement for qualified
projects |
|
Brazoria County taxing entities (i.e., the County, some cities,
utility districts, navigation districts, and college districts) currently offer
various percentage and duration, tax abatement of new improvements to
land |
| Low Cost of
Operation |
|
Brazoria
County |
|
Area has a cost of living and cost of construction below the National
average |
| Freeport Tax
Exemption |
|
Brazoria
County
Several Taxing Entities in Brazoria County |
|
Tax Exemption of certain property. Freeport property includes various
types of goods that are detained in Texas for a short period of time (175 days
or less) |
| Enterprise
Zone |
|
Brazoria
County
Several in the County |
|
This allows sales tax credits on machinery and equipment, job
training credits, and corporate franchise tax credits at the state
level |
| Enterprise
Project |
|
A designated
project within an Enterprise Zone |
|
The business must commit to create or retain permanent jobs, make
capital investment in the enterprise zone, fill at least 25% of its new jobs
with individuals who are either economically disadvantaged or residents of an
enterprise zone. Enterprise projects are eligible for a refund of state sales
or use taxes paid on machinery and equipment, building materials, labor for the
rehabilitation of existing buildings, and electricity and natural gas purchased
for use in the enterprise zone |
| Foreign Trade
Zone |
|
Brazoria
County
Port Freeport Foreign Trade Zone #149 |
|
FTZ Status would be granted through Port Freeport FTZ #149, which
provides duty free in transit storage and assembly of products for re-export.
Several locations in county |
| Major University
Support |
|
Rice University,
Univ. of Houston, Univ. of Texas, Texas A&M all within 2 hours |
|
Provide a pool to recruit talented engineers and management
personnel |
| Transportation |
|
Two Major
interstate highways in the Houston region, Hwy 288 to Freeport, Houston Bush
International Airport, Houston Hobby Airport, Union Pacific Rail, Port
Freeport |
|
Brazoria County is part of an eight county metro region surrounding
Houston. We have a twenty-year plan for highway improvements in the region. The
gulf Rail District is responding to rail needs in our area. Air and port
transportation are also addressed through our local council of
governments |
| Utility
Partners |
|
The Economic
Development Alliance partners in the electric, natural gas, and
telecommunications disciplines |
|
A team effort to coordinate and integrate your requirements for
electricity, natural gas and telecommunication at the lowest possible
cost |
| Fast Track
Permitting |
|
Assistance, via
a special team, at the local, county, regional and state level in all
permitting assuring your project being completed on time |
|
Local permitting with the city and county is designed to speed your
application through in minimum time |
| Human
Resources |
|
Highly skilled
and motivated workforce |
|
Brazoria County ranked 18th nationally for manufacturing labor supply
and quality of life |
|
|
|
|
