The Elgin EDC, the City of Elgin and the Greater Elgin Chamber of Commerce work
together
to ensure successful business expansions or relocations with cash
incentives, discounted property, property tax assistance, small business assistance,
and access to state assistance programs.
Incentives
Policy – The City of Elgin and the Elgin Economic
Development Corporation
strive
to work with businesses to facilitate
their expansion and or relocation to the community.
Incentives are
reviewed based on capital investment, job creation, wages, and impact
of the
company on the community.
Fast
Track Permitting – Elgin will provide direct,
“hands-on” assistance in moving your
construction project
from conception to certificate of occupancy and do it faster than
most
cities can explain their process. By comparison to other cities,
your savings of time and money
will be significant.
Enterprise
Zone Designation – This zone offers a number
of State Incentives to assist in
business relocations and expansions.
There are opportunities concerning sales tax rebates,
and others.
For a full list of opportunities, please ask!
Economic
Development Sales Tax – The City of Elgin
levies a 1/2% sales tax to bolster its economic development efforts.
The revenues from this tax are dedicated to the positive economic
growth of Elgin. The Economic Development Corporation determines
financial assistance based on capitol investment, job creation and
wage levels.
Property
Tax Reimbursement – The Elgin City Council
determines financial assistance based
on capitol investment, job
creation and wage levels. We encourage cooperation from other
entities
that might be willing to grant property tax reimbursements. Applications
are considered
by the City Council and Bastrop County.
Site/Building
Location – The City’s Economic Development
Director, through cooperation of
local real estate agencies and
property owners, maintains inventories of buildings and sites
available
for lease or purchase.
Waiver
of Fees – your construction project may be
reviewed and considered for the
reimbursement of portions of required
fees and permit charges.
Job
Training Assistance – Elgin is prepared to
assist in obtaining State funded assistance.
The Elgin ISD works
with businesses and the city to create customized training programs.
Foreign
Trade Zone Designation – The zone is in concert
with Bastrop County and is affiliated
with the Port of Corpus Christi.
This designation allows sub zone operators to import certain
products
from overseas and eliminate or defer customers’ duties.
Economic
Development Programs – The City’s Economic
Development Department provides assistance to both existing and
new businesses. In concert with state and federal agencies, the
City provides varying assistance packages on a case by case basis.
Deferred
Annexation – The City will, on a case-by-case
basis, consider deferred annexation
on property outside of the city
limits.
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