Incentives To Help Your Business
Moving your businesses to Saginaw can be one of the smartest decisions your company can make. A lower cost of living enables you to do more with the money you make and maintain a higher standard of living. The incentives for doing business in Saginaw though go far beyond quality of life. The city’s strategic location, transportation infrastructure, agreeable climate and logistics network come together to make Saginaw a great choice for doing business.
When it is time to relocate your business, consider the incentive programs that may be available, in addition to the other great benefits that a location like Saginaw has to offer. The City of Saginaw and the State of Texas provide a wide variety of incentives to help eligible businesses realize their goals. Governments utilize incentives such as tax reimbursements, tax credits, and tax credits to encourage desirable businesses to move or expand.
- Expedited Permitting Process: We have an amazing and thorough Code and Building Department. Click here to learn about our program and staff.
- Tax Increment Reinvestment Zone (Tax Increment Financing District): A tool that local governments can use to publicly finance needed improvements to infrastructure and buildings within a designated area known as a reinvestment zone. The cost of improvements to the Tax Increments Reinvestment Zone is repaid by the future tax revenues of each taxing unity that levies taxes against the property.
- Tax Abatements: A local agreement between a taxpayer and a taxing unity that exempts all or part of the increase in the value of the real property and/or tangible personal property from taxation for a period not to exceed 10 years.
- Chapter 380 Agreements: Allow municipalities and counties to offer grants and loans for economic development or a variety of other economic incentives.
Saginaw Economic Development Policy - Click here