Local Incentives

“380” Agreement provides for a percentage reimbursement of City of Crandall sales and/or property taxes. It is applied for and approved by the Crandall City Council.

“381” Agreement provides for a percentage reimbursement of Kaufman County sales and/or property taxes. It is applied for and approved by the Kaufman County Commissioners Court.

City Tax Abatements is an additional program offered by the City of Crandall, which provides up to ten years of negotiated tax abatement. This program provides a range of incentives dependent upon capital investment and the number of employees to be hired.  It is negotiated and approved by the Crandall City Council.

County Tax Abatement is an additional program offered by Kaufman County, which provides up to ten years of negotiated tax abatement. This program provides a range of incentives dependent upon capital investment and the number of employees to be hired. At minimum, the prospective business shall add at least $1,000,000 to the tax rolls and create at least ten jobs. It is applied for and approved by the Kaufman County Commissioners Court.

Free/Reduced permitting fees
Provides free or reduced permitting fees to entice large industrial or commercial projects through the Crandall City Council

State Incentives

Texas Enterprise Fund is the largest “deal closing” fund of its kind in the nation. The fund is a cash grant used as a financial incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of-state option. In the past, awards have ranged from $194,000 to $50,000,000.

Texas Skills for Small Business Fund provides free training dollars for qualified small businesses hiring new employees.  Offered through the Texas Workforce Commission (TWC), this program provides training grants up to $1,800 for each new full-time employee and $900 for existing full-time employees per 12 month period.  Training must be selected from a public community or technical college’s course catalog.

Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in areas that may be economically underserved. The level and amount of refund is related to the capital investment and jobs created at the qualified business site. Businesses may apply for a refund of State sales and use taxes on qualified expenditures.

The Texas Skills Development Fund  provides free training dollars to qualified businesses. It is a collaboration between the Texas Workforce Commission (TWC), the public community and/or technical college, and employer. Grants for a single business may be limited to $500,000.

Texas Capital Fund-Infrastructure Grant Program provides grant monies for public infrastructure needed to facilitate the location/expansion of an industry. Grants range from $50,000 to $1,500,000 not exceeding 50% of the total project cost.

Texas Capital Fund-Real Estate Development Program is another source of funds to help business or industry acquire or improve real estate. The focus of this fund is to provide assistance to enterprises that will provide jobs for primarily low or moderate income employees. The real estate must be owned by the community and leased to the business. Awards range from $100,000 to $1,000,000.

Texas Capital Access Fund Program is designed to increase the availability of financing. Eligible borrowers can be any small business or non-profit corporation with fewer than 500 employees. The proceeds may be used for working capital of the purchase, construction, or lease of capital assets, which include land, buildings, and equipment.

Texas Product/Business Fund provides asset-based financing to existing technology-focused companies that create products or do business in Texas. Financing is done in the form of direct asset based loans with competitive lending rates. Any business, locating or expanding in Texas, is eligible to apply. The Office of the Governor, Texas Economic Development Bank administers the Texas Product/Business Fund at the direction of the Governor’s appointed nine-member board. Preference for funding is given to the state’s defined industry clusters including, but not limited to: Aerospace, Agriculture, Biomedicine, Biotechnology, Nanotechnology, Renewable Energy, and Semiconductor.

Franchise Tax Exemption & Deduction for Business Relocation provides authorization for a company to deduct moving expenses from their apportioned margin while calculating their franchise liability.  Companies must relocate their principle place of business from out of State into Texas to obtain the deduction.  In Texas, a franchise tax is levied at 0.375% for retail or wholesale businesses and 0.75% for all other businesses.

Research & Development Tax Incentive provides persons engaged in qualified research with either: a sales and use tax exemption on the purchase, lease, rental, storage or use of depreciable tangible personal property directly used in qualified research, or a franchise tax credit based on qualified research expenses. A person cannot claim both the sales tax exemption and the franchise tax credit for the same period. The election to claim the sales tax exemption or take the franchise tax credit is not permanent and can be changed.

Economic Development & Diversification In-State Tuition for Employees provides employees and employee 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 education in the State without first establishing residency.  This incentive lasts for up to 5 years after the qualified business becomes established as part of the State’s Economic Development and Diversification Program.