INCENTIVES AND ASSISTANCE

Incentives Policy – The City of Elgin and the Elgin Economic Development Corporation strive to work with businesses to facilitate their expansion and or relocation to the community. Incentives are reviewed based on Capital investment, job creation, wages, and impact of the company on the community.

Fast Track Permitting – Elgin will provide direct, “hands-on” assistance in moving your construction project from conception to certificate of occupancy and do it faster than most cities can explain their process. By comparison to other cities, your savings of time and money will be significant.

Enterprise Zone Designation – This zone offers a number of State Incentives to assist in business relocations and expansions. There are opportunities concerning sales tax rebates, and others. For a full list of opportunities, please ask!

Economic Development Sales Tax – The City of Elgin levies a 1/2% sales tax to bolster its economic development efforts. The revenues from this tax are dedicated to the positive economic growth of Elgin. The Economic Development Corporation determines financial assistance based on capitol investment, job creation and wage levels.

Property Tax Reimbursement – The Elgin City Council determines financial assistance based on capitol investment, job creation and wage levels. We encourage cooperation from other entities that might be willing to grant property tax reimbursements. Applications are considered by the City Council and Bastrop County.

Site/Building Location – The City’s Economic Development Director, through cooperation of local real estate agencies and property owners, maintains inventories of buildings and sites available for lease or purchase.

Waiver of Fees – your construction project may be reviewed and considered for the reimbursement of portions of required fees and permit charges.

Job Training Assistance – Elgin is prepared to assist in obtaining State funded assistance. The Elgin ISD works with businesses and the city to create customized training programs.

Foreign Trade Zone Designation – The zone is in concert with Bastrop County and is affiliated with the Port of Corpus Christi. This designation allows sub zone operators to import certain products from overseas and eliminate or defer customers’ duties.

Economic Development Programs – The City’s Economic and Community Development Department provides assistance to business. In concert with state and federal agencies, the city provides the following assistance.

Deferred Annexation – The City will, on a case-by-case basis, consider deferred annexation on property outside of the city limits.

For more information, contact the Economic Development Corporation