The City of Kyle is pleased to consider potential incentives based upon factors such as capital investment, creation of tax revenue, job creation numbers and average wage.
Local
Downtown Revitalization Grant Program
The City of Kyle is committed to fostering economic development and enhancing the charm of our historic downtown area. To support this vision, we are proud to introduce the Downtown Revitalization Grant Program for facade improvements. If you are a business or commercial property owner within downtown Kyle or plan to establish a business in the designated area, this program is designed to assist you in improving the appearance and utility of your commercial building or property. Non-profit organizations, as defined by Section 501(c) of the Internal Revenue Code, are also eligible.
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Local
Chapter 380 Economic Development Agreements
Facilitation the Development Process City of Kyle Economic Development Department is part of the City of Kyle Community Development Team, working hand in hand with the Planning, Engineering and Building Departments to offer a “one-stop-shop” experience in order to warrant a seamless development process.
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Local
Freeport Tax Exemption
Freeport property includes various types of property that are detained in Texas for a short period of time (175 days or less) to be transported out of Texas. The goods must be in Texas for certain purposes, such as assembly, storage, manufacturing, processing or fabrication. This exemption was proposed to enhance economic development.
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Local
Infrastructure Projects
This program promotes economic development in rural areas by providing financial incentives to assist businesses wishing to locate or expand in their communities. Funds may be used for construction and/or improvements of public infrastructure (water, sewer, roads, etc.).
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Public Improvement District
Public Improvement Districts (PIDs) offer cities and counties a means for improving their infrastructure to promote economic growth in an area.
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Restaurant Incentive Program
The Restaurant Incentive Program is available to qualified businesses new to or expanding in the City of Kyle. Restaurants may choose any location within the city limits.
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Property Tax Abatement
Qualifying businesses considering locations in Kyle have the opportunity to apply for a Property Tax Abatement on new value created as a result of the project.
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Local
First Year On Us
Under the First Year on Us commercial development plan, owner occupied business may apply for a one-time tax rebate up to $10,000 for improvements on real and personal property that increases the value of said property.
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State
Economic Development and Diversification In-State Tuition for Employees
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 in the State of Texas to pay in-state tuition rates at public institutions of higher education in the state without first establishing residency.
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State
Product Development and Small Business Incubator Fund
The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances. The primary objective of the program is to aid in the development, production and commercialization of new or improved products and to foster and stimulate small business in the State of Texas.
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State
Skills Development Fund
Established by the 74th Legislature in 1995, The Skills Development Fund was designed to better utilize the public community and technical college system in Texas as well as other training organizations and have them partner with businesses throughout the state (with priority on small businesses) to train workers to meet the labor needs of employers and the regional labor market.
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State
State Infrastructure Bank Financing
State Infrastructure Bank Financing (SIBs) was authorized in 1995 as a part of the National Highway Designation Act (NHS) to help accelerate needed mobility improvements through a variety of financial assistance options made to local entities through state transportation departments.
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State
Tax Increment Reinvestment Zones
The City has historically utilized Tax Increment Reinvestment Zones (TIRZ) as a powerful vehicle to develop and redevelop qualified projects based on City goals and objectives.
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State
Texas Enterprise Fund
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 a financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy.
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State
Texas Enterprise Zone Program
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.
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State
Work Opportunity Tax Credit
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 a business’s federal tax liability, serving as an incentive to select job candidates who may be disadvantaged in their efforts to find employment.
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