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Incentives & Financing

Sugar Land, Texas Development Incentives for Businesses

One of the nation’s top corporate tax environments, Sugar Land, TX, is helping businesses thrive. Our dedicated Economic Development team works closely with businesses to find the right state and local financial incentives. From startups looking for funding to global brands seeking corporate tax incentives by Houston, Texas, these Sugar Land incentives deliver results. 

From startups looking for funding to global brands seeking corporate tax incentives and abatement taxes by Houston, Texas, these Sugar Land incentives deliver results. Business property owners can qualify for incentives to real estate property tax rates and certain tax exemptions. Looking for information on property tax or abatement taxes? See more information here: 

Local
Chapter 380 Economic Development Agreements

Chapter 380 of the Texas Local Government Code allows Sugar Land to offer a range of incentives for economic development. This includes allowing the city to rebate a portion of its 1.0% sales and use tax collected from local business entities. 

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Local
Direct Incentives

The SLDC has a direct incentive program, which may be used to provide cash grants to qualifying projects and companies. 

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Local
Tax Abatement

Qualifying businesses relocating in Sugar Land can apply for a property tax abatement based on the economic value of a project. Tax abatements are available from the City of Sugar Land, Fort Bend County, and other jurisdictions, as applicable. 

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Local
Tax Increment Reinvestment Zones

Sugar Land utilizes Tax Increment Reinvestment Zones (TIRZ) as a vehicle to develop and redevelop qualified projects based on City objectives. 

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State
Economic Development and Diversification In-State Tuition for Employees

This program allows employees and family members of a qualified expanding business to pay in-state tuition rates at public higher education institutions without first establishing residency. 

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State
Product Development and Small Business Incubator Fund

The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances. The primary objective of the program is to aid in the development, production, and commercialization of new or improved products. Small businesses in the State of Texas are a strong focus of this program. 

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State
Skills Development Fund

The Skills Development Fund was established by the 74th Legislature in 1995. The fund utilizes training organizations such as community colleges and technical schools to meet labor market needs. Small businesses and other employers can partner with these institutions to train workers to meet specific needs of the company. 

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State
Texas Enterprise Fund

The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies selecting between Texas and an out-of-state site. The fund serves as a financial incentive for projects which contribute significant capital investment and new employment opportunities within the state. 

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State
Texas Capital Fund

The Texas Capital Fund aids rural business development, retention and expansion by funding public infrastructure, development projects or rectifying deteriorated conditions. 

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State
Texas Enterprise Zone Program

Texas’ Enterprise Zone Program (EZP) is designed to encourage private investment and job creation in economically distressed areas of the state. 

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State
Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor (DOL). WOTC reduces an employer’s federal tax liability when they hire individuals who may be disadvantaged in their job search. 

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Other
Commercial and Industrial Standard Offer Program

Centerpoint Energy offers incentives to participants (Project Sponsors) who install energy efficient retrofit projects in commercial and industrial facilities. This program also accepts new construction projects, which exceed minimum energy efficiency standards.  

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