Incentives Drive Business Development in the Port of Victoria
The City and County of Victoria have established guidelines for the creation of reinvestment zones and granting tax abatements. Manufacturing, research or regional service facilities, distribution centers and other basic industries are eligible to apply. Economic qualifications include an increase to the appraised value of the property equal to or above $500,000. In addition, the company must add a minimum of ten full-time positions. Abatements are granted for up to eight years.
The Capital Access Program increases access to loans for Texas small- and medium-sized businesses and nonprofits with at least 51% of employees located in the state. Funding must be used for working capital or the purchase, construction or lease of capital assets, including buildings and... Learn More
TxCDBG is designed to provide decent housing, suitable living environments and economic opportunities principally for persons of low to moderate income. Eligibility limited to non-entitlement cities and counties with populations under 50,000 and 200,000, respectively. Learn More
PDSBI provides loans to product development companies and small business incubators/accelerators located in Texas for the development and production of new or improved products or the stimulation of new or existing small businesses. Learn More
TEF awards grants as a financial incentive to companies considering a new project for which one Texas site is competing with other out-of-state sites. The project must involve significant capital investment and develop new job creation to the state’s economy. Learn More
The SBA 504 Program offers small business owners access to long-term, fixed-rate financing of up to $5 million. Businesses with a net worth less than $15 million and average net income under $5 million are eligible and loans must be used for purchases, construction, improvement... Learn More