The GEDC invests in projects that grow the economy and create jobs in Giddings, Texas. We are aggressively pro-business with a proven track record of helping businesses bring projects in on time and under budget. Click the map below to see the projects we have supported and how they have positively impacted our community.
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.
We have worked closely with local businesses to help fund projects that lead to current and future expansions. From helping to fund real estate projects to equipment purchases, we step in to lend a hand in order to create jobs and grow our local economy. This includes providing almost $200,000 in grants during COVID-19 to businesses experiencing forced temporary closures and restricted operations; to healthcare providers in need of PPE and infectious disease CE; and for IT infrastructure to support the remote workforce by expediting the installation of last mile fiber optic.
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 an 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 More
he 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 More