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 Capital Access Program (CAP) is a partnership between the State of Texas and selected non-profit lenders to increase access to financing for small and medium-sized businesses and non-profits which face barriers to accessing capital or fall outside of guidelines of conventional lending. The Progra...
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Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations in the State of Texas to pay in-state tuition rates at public institutions of higher educatio...
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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.
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Industrial Revenue Bonds (IRBs) provide a source of tax-exempt or taxable bond finance for projects involving significant private activity that promote new and existing businesses, encourage employment, and expand the tax base of a community. IRBs are issued by Industrial Development Corporations sponsored by ...
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The GEDC offers cash grant incentives for qualifying projects and the City of Giddings may offer tax rebates or other assistance through a Chapter 380 agreement. The GEDC also owns 150 acres of property located within the Giddings 290 Business Park. Property is available fo...
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The Opportunity Zone Program was created through the Tax Cuts & Jobs Act of 2017, and is a federal initiative administered by the U.S. Department of Treasury. The program is designed to spur economic development and job creation in distressed communities throughout the United States...
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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 MoreThe Self Sufficiency Fund provides training grants for industry recognized certificates and credentials that lead to permanent full-time employment.
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For employers with more than 100 employees, customized training provided on site at the company's location is available at no cost through the Skills Development Fund program. Texas' premier job-training program provides opportunities for Texas businesses and workers to improve skills, expand employment and increas...
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The Spaceport Trust Fund (STF) is a financial tool to support the development of infrastructure necessary or useful for establishing a spaceport in the State of Texas. Fund proceeds are available to any spaceport development corporation which has secured a viable business entity if tha...
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The 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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