
The Texas Enterprise Zone Program is an
economic development program designed to promote private investment
and job creation. Created in 1988 by the Texas Department of Commerce,
the Enterprise Zone Program targets specific geographic areas or
"zones" that are in need of physical or economic
revitalization. Assistance is provided through financial incentives
offered by both the State of Texas and by the City (or other local
jurisdiction) in which the zone is located.
State incentives are directed toward encouraging businesses
to locate and expand in an enterprise zone, primarily by offering reductions in sales and
franchise taxes to businesses that meet certain requirements. The Texas Department of
Commerce provides a uniform set of incentives that are available in all designated zones.
Local governments typically offer a broader range of incentives tailored to address the
unique needs of individual zones.
Local governments (city or county) are responsible for
nominating an area for enterprise zone status. The Texas Department of Commerce reviews
the enterprise zone application, determines that the area meets certain criteria and makes
the designation. Once designated, an enterprise zone remains in effect for a period of
seven years at which time reapplication can be made.
City of Arlington Enterprise Zones
Two enterprise zones are located in the city of Arlington.
The Great Southwest Enterprise Zone was established in 1992 and will remain in effect
until September 2007. The zone encompasses a portion of the Great Southwest Industrial
District, a regional manufacturing and warehouse center. Due to the industrial character
of the area, City incentives are primarily targeted at office and industrial development.
The Centre Arlington Enterprise Zone was established in
1994 and will continue through August, 2009. This area includes the city's downtown core
and surrounding residential neighborhoods. Local incentives are designed to encourage
retail and office development and to promote revitalization of residential neighborhoods.
For information on possible incentives that are available to new or
existing businesses in Arlington, contact the City of Arlington’s
Economic Development Department.
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