INCENTIVE
PROGRAM:
The City of Kerrville will
consider participating in local and state sponsored development assistance.
Development
Partners:
Possible partnerships
could be with the Texas Department of Agriculture, the Texas Department
of Economic Development, the Texas Workforce Commission and the Kerrville
Economic Improvement Corporation.
Types of
Projects:
Assistance will
be based on the potential economic impact and benefit to the area.
Grants for:
The City of
Kerrville may issue bonds to fund economic development provided by our
charter in an amount and to the extent the bonds will allow.
Kerrville approved the 4B Sales Tax in compliance with the Texas Legislature's
Development Corporation Act of 1979 thus creating the Kerrville Economic
Development Corporation.
Skills Development:
The city of
Kerrville, the local Texas Workforce Center and the Alamo Workforce Development,
Inc. partner to offer no cost job training, recruitment and screening
services. |
- Texas Capital Fund
Grant-Infrastructure and Real Estate
State of Texas initiative for loans or grants for real estate,
infrastructure and Main Street designation cities
- Permit Fee Waivers
certain development
fees waived throughout construction phase
- Infrastructure Partnerships
joint or multi-partnership
for construction of or improvements to project site that may include
water, wastewater, drainage, streets, lighting, sidewalks
- Lease Abatements
lease agreements
abated on a gradual scale as it relates to city owned property or ground
leases for front end relief
- Land Exchange
city owned
property used in exchange for job creation and vertical building improvements
- Low Interest Loan
Pools
approved lower
interest rate loans through local financial institutions for building
improvements to Main Street district sites
- Tax Increment Financing
a defined
area whereby local governments can use publicly finance structural improvements
and enhance infrastructure
- Section 380 Grants
a sales tax
refund form of grant whereby the city can refund a portion of new, earned
sales tax for a certain period of time and/or amount
- Freeport Exemption
property tax
exemption for items classified as 'freeport property' for 175 days
- Public Improvement
District
a financing
tool allowing the city to finance public infrastructure through collection
of special assessments
- Texas Leverage Fund
State of Texas
loan program to the 1/2 cents sales tax corporation to finance land,
buildings, machinery for manufacturing
- Enterprise Zone
a designated area established by local government created to
facilitate many state and local programs
- Reinvestment Zone
a designated area specifically established for abatement programs
based on jobs created and/or improvements on a site within the zone
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