Local Incentives

Financial Assistance
The BEDC has developed a program to encourage primary industry location and expansion in Belton.

Cash grants and/or performance based loans are based on job creation and/or capital investment. Loans can be applied to land acquisition, building construction or lease assistance and equipment relocation. Loans could be forgiven if the company meets negotiated commitments specified on a project agreement between the company and the BEDC. The Belton City Council reviews and ratifies funding for all projects.

Tax Abatements
Assistance from the City of Belton in the form of property tax abatements is based on the company's capital investment and number of jobs created. Threshold requirements specify investment in real property of at least $250,000, or $1,000,000 in personal property , or the creation of a minimum of 25 jobs. Click for Guidelines & Application.

Industrial Property/Spec Building
The BEDC owns and manages the Belton Business Park. Over 100 acres with all service infrastructures in place are available at no cost or below market rates for qualifying projects.

Build-to-Suit
This program combines the quality development capabilities of the BEDC, local engineering firms and contractors providing "build-to- suit" options in order to meet the companies specific needs.

Other Incentive Considerations
The following assistance will also be considered on a case by case analysis:

• One-stop municipal permitting
• Waiver of municipal fees
• Hiring and Job Training Assistance
• Chamber of Commerce membership
• Relocation/moving expenses

State Incentives

Enterprise Zone
This state program is an economic development tool for local communities to promote job creation and capital investment in economically distressed areas of the state.

Local communities must nominate a company as an Enterprise Project to be eligible to participate in the 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. Click for information.

Training Funds
The following programs are administered by the Texas Workforce Commission (TWC) with the purpose to assist businesses by designing, financing and implementing customized job training programs in partnership with public community and technical colleges, a higher education extension service, & community-based organizations for the creation of new jobs and/or the retraining of existing workforce.

• Skills Development Fund Click for information.
• Self Sufficiency Fund Click for information.
  

Texas Enterprise Fund Program
Business incentive fund created by the State legislation in 2003. This fund, which had an initial $295 million investment, is used to ensure business growth in Texas. Click for information.

Emerging Technology Fund Program
Business incentive fund created by the State legislation in 2005 to support the research, development, and commercialization of emerging technologies. Click for information.

Grants are awarded in the following three areas:

• Research Superiority Acquisition -- funds for Texas higher education institutions to recruit the best research talent in the world.
• Commercialization Awards -- funds to help companies take ideas from concept to development to ready for the marketplace.
• Matching Awards -- funds create public-private partnerships which leverage the unique strengths of universities, federal government grant programs, and industry.

Other state incentives include the Texas Capital Fund, Texas Leverage Fund, Industrial Revenue Bonds, State Sales and Use Tax Exemptions, etc. Click for information.