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

CONTACT US TODAY!

FIND US AT

5900 S Lake Forest Dr, Suite #110
McKinney, Texas 75070

972-542-0926 Fax