Incentives
There are many financial benefits to locating in Pasadena. Among them are low tax rates, an easy permitting process, and an economic development team ready to assist you every step of the way. We invite you to contact us to learn more about local incentives that could be applicable to your business.
The State of Texas offers many incentives for businesses looking to relocate or grow. Whether you are searching for assistance with workforce development, a tax abatement, or financing opportunities - Texas has what you are looking for. If you are searching for a particular type of incentive and do not see it here - contact us.
Incentives
Pasadena Economic Development Corporation [PEDC] is pleased to announce the launch of the Business Enhancement Program, a matching grant program to support local small business development and city revitalization.
The Busines...
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Pasadena EDC offers performance-based cash incentives to qualified projects based on the economic benefits to the community.
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Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations i...
Category: TX State Programs
The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor (DOL) for employers who hire individuals from specified target populations. WOTC reduces ...
Category: TX State Programs
State sales and use tax exemptions are available to taxpayers who manufacture, fabricate or process tangible personal property for sale.
Texas sales and use tax exempts tangible personal property that become...
Category: TX State Programs
In Texas, companies that sell electricity in the retail market are subject to the Public Utility Gross Receipts Assessment (PUCA), and possibly the Miscellaneous Gross Receipts Tax (MGRT), on thei...
Category: TX State Programs
Overview
The Skills Development Fund is Texas' premier job-training program providing local customized training opportunities for Texas businesses and workers to increase skill levels and wages of the Texas workforce. Th...
Category: TX State Programs, Workforce
The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as ...
Category: TX State Programs
The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.
Category: TX State Programs
Texas Economic Development Act
An appraised value limitation is an agreement in which a taxpayer agrees to build or install property and create jobs in exchange for:
a 10-year limitation on th...
Category: TX State Programs
