HEDCO offers assistance with site selection, individualized incentives packages, and more.
HEDCO’s Local Services and Incentives
Site selection assistance is a basic service we provide to all sizes of companies. We seek to help companies find the perfect site or building in which to do business. There is no cost to these services.
HEDCO’s board and staff are dedicated to assisting all sizes of businesses with their growth needs, though our primary focus is on companies that manufacture or distribute goods and services that are sold outside our region, therefore, boosting the local economy with new money. In addition to the State of Texas business assistance programs, HEDCO has a number of tools available at the local level to assist with business growth and expansion. No two businesses are the same and neither are their needs. HEDCO staff will work diligently with each and every business to put together the best package possible, much like a “cafeteria plan.”
Some of the incentives possible are reductions of the cost of land, job creation grants, tax abatement, tax increment financing (TIRZ), revolving loan funds, Chapter 380 agreements, and infrastructure incentives. Incentive awards are based on project impact including capital investment, number of full-time permanent jobs created and overall payroll over a period of time.