|
Home
Who We Are
Economic Development
Incentives
Location
Available Sites
Community Profile
Groesbeck News
Contact GEDC
Meetings & Agendas
Local Resources |
Incentives
Incentives Available
Through Groesbeck Economic Development Corporation
-
Streamlined Local Permitting – we will
assist you in every way we can to make the permitting process easy
-
No Personal Income Tax – the State of
Texas is one of the few that doesn’t have a state personal income tax which
provides the citizens a savings every year
-
No State Ad Valorem Tax – the State of
Texas doesn’t have a state ad valorem tax which provides the citizens an
additional savings each year
-
Financial Assistance
-
Local Economic Development Sales
Tax Fund
-
Groesbeck Economic Development
Corporation was created under the Development Corporation Act of 1979
and is governed by Section 4B of the Act to develop, implement, provide,
and finance community and economic development projects to promote new
or expanded business enterprises and the retention of existing business
enterprises. Groesbeck Economic Development Corporation is funded by a
$.005 sales tax in the City of Groesbeck.
-
Texas Capital Fund
-
Industrial Revenue bonds
-
Texas Agriculture Finance
Authority
-
Rural Economic Development Fund
-
Texas Capital Fund Real Estate
Development Program
-
Texas Enterprise Fund
-
Texas Leverage Fund
-
SBA 504 and 7 (A) Programs
-
Economic Development
Administration Program
-
HOTEDD Revolving Loan Program
-
SBA Low-Doc Loan Program
-
Cash Grants
Customized Job
Training and Hiring Program Through Texas Workforce Commission
|
