Economic Development Assistance
In 1989 Abilene became the first city in Texas to pass a 1/2 cent sales tax to support economic development.
The Development Corporation of Abilene (DCOA) is charged with administering sales tax revenues and is governed by a five-member Board of Directors.
Our economic incentive packages are fully controlled at the local level and are not dependent on State or County approval. Every economic development incentive package is prepared to meet the best possible solution for your company’s relocation and/or expansion needs.
A company may qualify for assistance in one or more of the below categories:
- Job creation incentives
Can range from $1,000 to more than $17,000 per full-time job dependent on salary and non-mandatory employee benefits. - Grants/forgivable loans & loan participations for capital investment
10% or more of capital investment costs (in lieu of tax abatement) - Assistance with land purchases
25% or more participation in land costs - Grants for A&E for code compliance
25% or more of architectural & engineering services and cost of alterations to existing buildings for code compliance - Job training grants
$500 or more per job upon completion of training and employee probation period - Relocation grants
15% or more of relocation costs for equipment, key personnel, etc. - Manufacturing Assessment Grants
Grants up to $7500 per company for assistance from the Texas Manufacturing
Assistance Center. Download more information (PDF).
Help us Qualify your Project for Assistance
If you'd like to learn more about the incentives available for business wishing to move to Abilene, we'd love to hear from you! In order to help us qualify your project for DCOA, please fill out the following form below:
