Fort Bend County projects that may qualify for reinvestment zone and property tax abatement include manufacturing, wholesale distribution, major office operations, and recreational uses that serve a regional population. Authorized investments/property includes new plant, expansion, and modernization. Eligible investments/property include buildings, structures, fixed machinery, equipment, site improvements, industrial buildings, warehouses, hotels with 150 or more rooms, office buildings, medical and scientific facilities serving a regional population, and tangible personal property. Ineligible investments/property include: Land, supplies, inventory, housing, deferred maintenance, certain rental property, facilities to primarily provide goods and services to residents and existing businesses, such as restaurants and retail stores and property with a productive life less than 10 years. The abatement period is negotiable up to 70%, up to a period of 10 years. Minimum investment is $1,000,000 in new additional assessed value. Job creation requirement is 25 new jobs. Additionally, the Company should consider becoming a Trustee of the Greater Fort Bend Economic Development Council at the Trustee Level ($6,000 per year) for the term of the abatement. An economic impact analysis is performed to determine eligibility and Katy Area EDC can assist the Company in preparing the application and economic impact for submission to the Greater Fort Bend Economic Development Council.