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