Economic Development Incentives & Programs
Find incentives that you qualify for and let us help you with the rest! Wichita Falls Economic Development can help you sort out the fine details of any of these incentives, put together a package and present it to the city to support business expansion or retention efforts that positively impact the Wichita Falls workforce community. The city of Wichita Falls and state of Texas together offer incentives that range from tax abatement, tax credits, cash for jobs, property tax exemptions (Ad Valorem), access to funding, bonds and more.
WICHITA FALLS ECONOMIC DEVELOPMENT INCENTIVES
CASH FOR JOBS
This 4A economic development sales tax is used to promote economic development, and provides cash incentives to job creators in Wichita Falls.
PROPERTY TAX ABATEMENT (REAL AND PERSONAL PROPERTY)
The City of Wichita Falls and Wichita County have agreed to abate their respective portions of increased Ad Valorem tax to existing and primary employers.
In return for providing primary employers with municipal services (water, wastewater, solid waste disposal, fire, and police protection), the City of Wichita Falls will enter into a "non-annexation" agreement with the business.
TRIPLE FREEPORT EXEMPTION
This local incentive exempts 100% of the ad valorem taxes (County, City and School.)
The state of Texas offers a large variety of economic development incentives including a research & development tax credit, renewable energy incentives, cancer prevention & research bonds, skills development funding and much more.
TEXAS ENTERPRISE FUND