ECONOMIC INCENTIVES

ECONOMIC INCENTIVES

The City of McKinney and the State of Texas both offer a wide array of business incentives for expanding and relocating businesses.

 

CITY OF MCKINNEY INCENTIVES

• Direct Financial Incentives
• Capital Investment Incentives
• Job Creation Incentives
• City of McKinney Tax Abatements
• Infrastructure Assistance
• 5G Technology Infrastructure Assistance
• Select Enterprise Zone
• Triple Freeport “Inventory” Tax Exemptions
• Permitting and Inspection Assistance

  *Based on and subject to approval.

STATE & FEDERAL INCENTIVES

• Texas Enterprise Fund (TEF)
• Skills Development Fund
• Workforce Solutions Greater Dallas (WSGD)
• Job Tax Credits
• Work Opportunity Tax Credit (WOTC)
• State Enterprise Zone (EZ)
• Foreign Trade Zones (FTZ)
• Freeport Exemptions

THE TEXAS ADVANTAGE

• No personal income tax
• No corporate income tax
• Texas corporate franchise (margins) tax is among the lowest in the country at 2% or below
• Texas is a right-to-work state; both Texas and McKinney are largely non-union
• Texas has one of America’s most equitable legal system after multiple rounds of TORT reform to protect corporations against frivolous lawsuits
• Texas has one of America’s most business-friendly regulatory atmospheres