Access to Excellent State Incentives!
One reason Texas has been rated the best state for business for 16 consecutive years by Chief Executive is the availability of excellent state incentives matching a wide range of business needs. Let the staff at Marshall EDC help your business find the right incentives today!
Click the link to learn more about state incentives! https://gov.texas.gov/uploads/files/business/IncentivesOverview.pdf
A community may choose to offer this property tax exemption 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 aircraft and aircraft parts. Freeport property qualifies for an exemption from ad valorem taxation only if it has been detained in the state for 175 days or less for the purpose of assembly, storage, manufacturing, processing, or fabricating.Learn More
The Skills Development Fund of the Texas Workforce Commission is Texas' premier job-training program providing local customized training opportunities for Texas businesses and workers to increase skill levels and wages of the Texas workforce. Success is achieved through collaboration among businesses, public community and technical colleges, Workforce Development Boards, and economic development partners.Learn More
Skills for Small Business is a Texas Workforce Commision program to finance the design and implementation of customized job training programs for newly hired employees of small businesses. It supports businesses with fewer than 100 employees, emphasizes training for new workers, and helps upgrade the skills of incumbent workers. Through this program, up to $2 million from the Skills Development Fund is dedicated to the backbone of Texas' business community.Learn More
The State of Texas Agriculture Relief (STAR) Fund is a reimbursement program designed to assist farmers, ranchers and agribusiness owners in rebuilding fences, restoring operations and paying for other agricultural disaster relief.Learn More
The Texas Enterprise Fund (TEF) is a cash grant used as a financial incentive tool for projects that offer significant projected job creation and capital investment where a single Texas site is competing with another viable out-of-state option. Since its inception in 2004, the TEF has awarded over 100 grants totaling more than $500 million across a wide variety of industries and projects. Variations in award amounts are influenced by the number of jobs to be created, the expected timeframe for hiring, and the average wages to be paid. In the past, awards have ranged from $194,000 to $50 millionLearn More
The Texas Enterprise Zone development tool allows local communities to partner with the state of Texas to encourage job creation and capital investment in economically distressed areas. Local communities can nominate a new or expanding business as an "enterprise project." Approved projects are eligible to apply for state sales and use tax refunds on qualified expenditures. The level and amount of refund depends on the capital investment and jobs created at the qualified business site.Learn More