Incentives Are Available in Giddings, Texas
The state of Texas offers several incentives for businesses looking to create jobs in the state. From tax savings to workforce training assistance, the state is known for being aggressively pro-business and offering incentives and programs to make projects work. Within the City of Giddings, incentives may include cash grants, tax rebates, and workforce development assistance. The GEDC provides assistance to new and expanding businesses through local incentives and grants.
We also assist start-ups, local existing businesses and those seeking ot move to Giddings through businss plan development, the development of utliities and IT infrastructure, by providing access to real-time demographic data and workforce, transporation, housing and healthcare studies, and by providing site selection assistance that includes a review of existing properties, and familiarizing clients with the permit or other regulatory processes.
Businesses have a friend in the GEDC because they have someone available who can help shepherd their project and serve as a liaison to state and regional resources that also offer incentives. In addition, the city is a qualified Opportunity Zone - creating additional tax savings for businesses and investors and some projects may be eligible for New Markets Tax Credits.
The Governor’s University Research Initiative (GURI), enacted in 2015, is aimed at helping Texas public institutions of higher education recruit distinguished researchers from around the world to the State of Texas. The program seeks to bolster both the standing of Texas public colleges and universities and economic development efforts statewide.
Learn Morehe Product Development and Small Business Incubator Fund offers long-term, asset-backed loans to near-bankable businesses commercializing new or improved products and small businesses or entities which foster growth of small businesses. The program targets those businesses which may be unable to obtain full financing or financing on workable terms in traditional capital markets.
Learn MoreThe Self Sufficiency Fund provides training grants for industry recognized certificates and credentials that lead to permanent full-time employment.
Learn MoreThe Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.
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