Incentives
Horizon City’s 4B Economic Development Corporation was formed when it received overwhelming support from voters to offer incentives that bring investment and create high quality jobs.
Primary Incentives
The corporation has the power to use sales tax funds to help eligible companies with relocations, expansions and site development. It can acquire property, finance infrastructure projects and expend funds for a variety of economic and quality of life improvements.
Additional incentives
Texas offers unbeatable business conditions for companies looking to make the move to or expand in the Lone Star state, including:
- No personal income tax;
- Home to over 50 Fortune 500 companies;
- A top-ten ranking for overall lowest tax burden from The Tax Foundation;
- A low, flat corporate franchise tax rate of 0.75 percent;
- Texas is a right-to-work state.
Additionally, the State of Texas offers a portfolio of incentives to qualifying businesses, including:
- The Texas Enterprise Fund provides cash grants for business expansion or relocation.
- The Texas Enterprise Zone Program provides state sales and use tax refunds to qualified projects in economically distressed communities.
- The Texas Skills Development Fund provides financing for customized job training programs for businesses that want to train new employees or sharpen the skills of their workers.
Incentives are determined and approved by the economic
development corporation’s seven-member board of directors.
development corporation’s seven-member board of directors.
They are:
- Silas Baca
- Alderman Jerry Garcia
- Sandra Esqueda
- Dean Hulsey
- Allie Lozano
- Alderman Walter Miller (President)
- Kevin Richardson
For more information about how Horizon City’s Economic Development Corporation can help your company or project, call (915) 852-1046 ext. 113.
