Incentives, Financing and Taxes
The Katy Area Economic Development Council is here to help you. Our staff has over 40 years of experience in economic development. Let our experts show you the variety of options you’ll have to choose from. The Katy area and the state of Texas have created dynamic and growing economies with the help of a pro-business tax structure and pro-business climate. Some key features of the tax and business environment include: no state income tax on persons or businesses, no local income or occupational taxes on persons or businesses, a low franchise tax, a strong tort reform law and Employment-At-Will and Right-to-Work laws. Katy Area EDC works diligently to aid companies in exploring tax incentives and maximizing monetary efficiency for relocations and expansions. Below please query the type of incentives of interest from the pull down menu or search button which include Covid, Goodwill, Grants, Loans, Permitting, Rebates, Tax, Taxes, Training and Workforce.
Incentives
Reduce summer peak demand and improve the energy efficiency of large commercial and industrial facilities with CenterPoint Energy’s Commercial Load Management Program. Program available to non-residential distribution, government, educational institutions and non-profit customers. Ear...
Category: Grants, Rebates
CenterPoint Energy’s Data Center Energy Efficiency Program (DCEEP) assists data center owners and operators with reduction in energy costs through practical technical assistance and cash incentives, while recognizing the importanc...
Category: Grants, Rebates
CenterPoint Energy, the local distribution company for Katy electricity, offers several grant/rebate programs for companies that implement energy efficiency programs and/or equipment. These programs are available to small and larg...
Category: Rebates, Grants
The City of Houston's Chapter 380 Program of the Texas Local Government Code provides financial assistance in the form of loans and/or performance-based grants to qualified businesses for eligible project...
Category: Grants, Loans
Municipality Agreements
Chapter 380 of the Local Government Code authorizes municipalities to offer incentives designed to promote economic development such as commercial and retail projects. Specifically, it provides for offering loan...
Category: Grants, Tax, Taxes, Rebates
Type A and B Economic Development Corporations Overview
The Development Corporation Act of 1979 gives cities the ability to finance new and expanded business enterprises in their local communities through economi...
Category: Grants, Rebates, Loans, Workforce
For historic structures, the City of Houston may grant a tax exemption to qualified property owners who improve designated historic properties. A property owner who has been denied a Certificat...
Category: Tax
The Small Business Economic Relief Program (SBERP) provides grants for small businesses in Houston that are in most financial need and exhibit a reasonable likelihood of surviving the adverse impact...
Category: Grants, Covid
Category: (none)
The primary focus of an FTZ is to allow companies to reduce or eliminate duties and tariffs until such time as they are shipped to other markets. No duty i...
Category: Tax, Taxes
Funded by The CARES ACT, the Fort Bend County Small Business Emergency Assistance Grant Program is a collective effort to provide grants up to $25,000 to as many small businesse...
Category: Grants, Covid
The Business Loan Fund helps finance new or expanding small businesses when traditional funding isn't available or isn't enough. All applicants must have applied for funding from a private lendin...
Category: Loans
Eligibility
The business must have been impacted by COVID-19
The business must have been in operation on or before 12/31/2018
The business must have
Net Worth less than $15 million
Average Net Income/ Profit fo...
Category: Loans, Covid
Industrial Revenue Bonds (IRBs) provide a source of tax-exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses, encourage employment, and expand th...
Category: Loans
The purpose of the Katy Area Economic Development Council Opportunity Fund is to provide local support and local leverage for companies that meet Texas Enterprise Fund (TEF) Grant criteria. As a project tha...
Category: Grants, Loans, Goodwill
Texas offers a loan program for eligible efficiency technologies. The “LoanSTAR” program is available to schools, hospitals and local governments. The low interest loans are capped at a $5 millio...
Category: Loans
Freeport exemption is available for various types of goods that are detained in Texas for a short period of time. Freeport property includes goods, wares, merchandise, ores, and certain aircraf...
Category: Tax, Taxes
This exemption applies to items in a company's inventory of last year (if applicable) that: (1) were acquired in or imported into Texas to be forwarded to another location (2...
Category: Tax, Taxes
One of the few EDC’s in the Houston Area to offer this assistance, Katy Area EDC helps companies with relocation. On a case-by-case basis, Katy Area EDC staff assembles Loca...
Category: Goodwill, Permitting
Offering transportation benefits to employees is an effective way to recruit and retain top talent-a critical strategy in today's difficult business environment-and gives you a tax break, too. The 199...
Category: Taxes, Tax, Workforce
The Product Development and Small Business Incubator Fund (PDSBI) offers long-term, asset-backed loans to product development companies and small business incubators/accelerators located in Texas. The loans finance the development an...
Category: Loans
Learn more about the guidlines and criteria for granting tax abatement in a reinvestment zone created in Harris County by clicking here.
Category: Tax, Taxes
COVID-19 Update: The Business Permit Office has published a list of helpful FAQs that address common permitting and licensing questions in relation to COVID-19. The Business Permit Office assists businesses i...
Category: Permitting, Goodwill, Covid
Chapter 313 or TEDA is administered by the Texas Comptroller of Public Accounts Office and is designed to encourage the location and expansion following large scale projects: manufacturing; research an...
Category: Tax, Taxes
Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations i...
Category: Workforce
Texas Enterprise Fund
Administered by the Texas Economic Development Bank, this grant program provides funding to projects that realize a significant rate of return of the public dollars being used fo...
Category: Grants, Rebates
The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state. Wh...
Category: Tax, Taxes, Rebates
House Bill 500 provides authorization for a company to deduct moving expenses from their apportioned margin while calculating their franchise liability. Companies must relocate their principle place of business fro...
Category: Tax, Taxes
WHAT IS PACE? Property Assessed Clean Energy (TX-PACE) is a proven financial tool that incentivizes Texas’ property owners to upgrade facility infrastructure with little or no capital outlay. Approved by Stat...
Category: Loans
The TexasTax Relief for Pollution Control Property Program (Prop 2) is responsible for determining whether a facility uses certain property or equipment, in whole or in part, for pollution contro...
Category: Tax, Taxes
Texas property tax code permits a 100% exemption on the appraised value of solar, wind or biomass energy devices installed or constructed for the production and use of energy on-site.
Category: Tax
The Texas Property Tax Code extends a franchise tax exemption to manufacturers, sellers, or installers of solar energy devices. The state also permits a corporate deduction from the state’s franchis...
Category: Taxes, Tax
Administered by the Texas Comptroller of Public Accounts, this program reinstates franchise tax credits for companies conducting qualified research and development (R&D) activities within the state. The new law provides Texa...
Category: Tax, Taxes
A "data center" is a facility of at least 100,000 square feet in Texas that has been, or will be, specifically constructed or refurbished to house servers and related equipmen...
Category: Tax, Taxes
Labor for construction is not taxable for completing unfinished structures (construction), constructing new structures and for increasing the production capacity of a manufacturing or processing production unit in a petrochemical refinery o...
Category: Tax, Taxes
Texas companies are exempt from paying state sales and use tax on electricity and natural gas used in manufacturing, processing, or fabricating tangible personal property. The company must complete ...
Category: Tax, Taxes
Leased or purchased machinery, equipment, replacement parts, and accessories that have a useful life of more than six months, and that are used or consumed in the manufacturing, processing, fabricating...
Category: Tax, Taxes
This program is administered by The Texas Workforce Commission (TWC) and provides financial support for training to help employers build their skilled workforce by collaborating with a community college (Housto...
Category: Workforce, Training
Currently, the Skills Development Fund is only accepting COVID-19 training applications. The Skills Development Fund is launching a new training initiative to assist businesses across Texas during the COVID-19 pandemic...
Category: Workforce, Training, Grants, Covid
Through the Texas Workforce Commission (TWC) Skills for Small Business program, up to $2 million from the Skills Development Fund is dedicated to the backbone of Texas' business community—our smal...
Category: Workforce, Training
This program is administered by the Texas Workforce Commission (TWC) and pays tuition and fees for employees that are military veterans to take courses from the existing course catalogue o...
Category: Training, Workforce
The US CDFI New Market Tax Credit Program (NMTC Program) aims to break the cycle of disinvestment by attracting the private investment necessary to reinvigorate struggling local economies. The NMT...
Category: Loans
Standard 7(a) Maximum loan amount
$5 million
Maximum SBA guarantee %
85% for loans up to $150,000 and 75% for loans greater than $150,000
Interest rate
Lenders and borrowers can negotiate the interest rate, bu...
Category: Loans
The U.S. Small Business Administration 504 Certified Development Company Loan program conserves your working capital by requiring only a 10 percent borrower contribution.* If you do not qualify for conventiona...
Category: Loans
In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and non-profit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injur...
Category: Loans, Grants, Covid
This is a federal income tax benefit administered by the U.S. Department of Labor, for private, for profit employers who hire from target populations. The US Work Opportunity Tax Credi...
Category: Tax, Workforce, Training
This program offers loan guarantees to lenders for their loans to rural businesses and agricultural producers to supplement their working capital to prevent, prepare for and respond to the economi...
Category: Loans
The purpose of program is to alleviate poverty and increase economic activity and employment in rural communities. Under the program, loans are provided to (intermediaries) like Katy Area EDC fo...
Category: Loans
Workforce Solutions has several initiatives available to support your company’s workforce needs. The following summarizes the support that may be available to companies that choose to locate to Texas o...
Category: Workforce, Training
The business (or group of businesses) selects the public community college or technical college that will provide the custom training and specifies the kind of training, curriculum, etc: Custom trainin...
Category: Training, Workforce
Paid work experience helps offset the cost of hiring a new employee that may lack skills or knowledge entering the workforce for the first time or after a long hiatus. ...
Category: Workforce, Training
Also known as Professional Development, Workforce Solutions’ Talent Development team can provide soft skills training to your current or potential employees, which may include workshops and training on various subject...
Category: Training, Workforce
Projects that train individuals for jobs through an apprentice system at a specific business or union. Apprenticeships have structured and federally approved curricula with required on-the-job training and classroom educatio...
Category: Training, Workforce
On-the-Job Training (OJT) offers participants an opportunity to earn as they learn, while employers benefit from a partial wage reimbursement during the training period. OJT focuses on jobs that involve ne...
Category: Workforce, Training
