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TEXAS ENTERPRISE ZONE PROGRAM
The Texas Enterprise Zone Program is an economic development tool
for local communities to partner with the State of Texas to promote
job creation and capital investment in economically distressed areas
of the state.
Designated projects are eligible to apply for state sales and use
tax refunds on qualified expenditures. The level and amount of
refund is related to the capital investment and jobs created at the
qualified business site. In addition, local communities must offer
incentives to participants under the Enterprise Zone Program, such
as tax abatement, tax increment financing, one-stop permitting or
other incentive programs developed by the local community.
Local communities must nominate a company as an Enterprise Project
to be eligible to participate in the Enterprise Zone Program.
Legislation limits allocations to the state and local communities
per biennium. The state accepts applications quarterly with
deadlines on the first working day of March, June, September and
December.
|
Level of Capital Investment |
Maximum number of jobs allocated |
Maximum potential refund |
Maximum refund per job allocation |
|
$40,000 to $399,999 |
10 |
$25,000 |
$2,500 |
|
$400,000 to $999,999 |
25 |
$62,000 |
$2,500 |
|
$1,000,000 to $4,999,999 |
125 |
$312,500 |
$2,500 |
|
$5,000,000 to $149,999,999 500 $2,500 |
500 |
$1,250,000 |
$2,500 |
|
Double Jumbo Project $150,000,000 to $249,999,999 |
500 |
$2,500,000 |
$5,000 |
|
Triple Jumbo Project $250,000,000 or more |
500 |
$3,750,000 |
$7,500 |
Communities may nominate projects, for a designation period up to
five years, non-inclusive of a 90-day window prior to the
application deadline. Employment and capital investment commitments
must be incurred and met within this timeframe.
Projects may be physically located in or outside of an Enterprise
Zone. If located within a zone, the company commits that at least
25% of their new employees will meet economically disadvantaged or
enterprise zone residence requirements.
If located outside of a zone, the company commits that at least 35%
of their new employees will meet economically disadvantaged or
enterprise zone residency requirements. Under limited statutory
provisions, an enterprise project designation may be granted for job
retention.
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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