Elgin Economic Development Corporation Frequently Asked Questions
FAQ
The Elgin Economic Development Corporation (EDC) works daily to support a strong and growing business community in Elgin, TX. Those efforts include supporting existing businesses in the city, attracting new business investment and nurturing a diverse, capable workforce. The EDC also incorporates historic preservation in various resources and programs, helping to create a flexible, dynamic and growing downtown district that is well situated to support future investment.
The EDC believes a healthy business community requires diversity, which is why we support businesses of all types, from small, locally-owned operations to large, multinational corporations. The EDC believes every project is unique and determines local incentives based on job creation and the scope of the project. The EDC does have specific grant programs designed to support business tenants located in the city’s downtown district, businesses that create entertainment and dining destinations, and businesses that will support job creation in our business park. Contact us to learn more.
There is a broad range of grants and incentives available to help businesses operate, expand, or locate in Elgin. The EDC offers grants to provide financial assistance to property owners or business tenants in the city’s downtown district as well as grants specifically targeted toward attracting entertainment and dining destinations. Further, the EDC can offer land in the city’s business park at a discounted rate based on job creation and the scope of the project.
At the city level, the City of Elgin has a Tax Increment Reinvestment Zone designed to capture growth and enhance the city’s tax base. In addition, Chapter 380 of the Local Government Code authorizes the City of Elgin to loan or grant city funds at little or no cost to promote economic development and stimulate business or commercial activity.
Read more about these programs and find links to additional state- or national level programs on our website.
Elgin has a large and talented workforce ready to take on any challenge. But the city also has abundant resources for employers that need training to enhance their existing workforce or create a pipeline to address future needs. The EDC has established relationships with the Elgin Independent School District as well as the nearby University of Texas at Austin and Austin Austin Community College, which has a campus in Elgin. Learn more about workforce development opportunities on our website.
Ideal commercial properties are plentiful in Elgin, and the EDC is happy to help potential investors locate the building or property that will help them reach their goals. From existing buildings to shovel-ready sites, the EDC keeps a detailed database of available opportunities in the area. Business owners interested in expanding within the city or relocating or expanding into the Elgin area can find a comprehensive listing of available buildings and developable property on our website.
Starting or growing a business requires long hours and tremendous dedication, and the EDC is happy to help ease that burden wherever we can. We are intimately familiar with the permitting process in Elgin, and we can help business leaders through the permitting and certificate of occupancy process to ensure they run smoothly and are completed as quickly as possible. Learn more here.
Elgin is centrally located in one of the fastest-growing regions in the country. The city is near Austin at the convergence of Highways 95 and 290 and within easy travel distance of both the Dallas-Fort Worth and Houston metropolitan areas. Elgin offers a number of appealing benefits that can help businesses start and grow.
You can call the EDC at 512-229-3240 or send us a message through the form on our Contact Us page.