2019 Small Business Resource Guide 2019 Small Business Resource Guide | Page 44

BUSINESS RESOURCES
Economic Development Incentives
City of Arlington Office of Economic
Development State of Texas Incentives
Texas Enterprise Fund – State of Texas
101 W. Abram
Arlington, Texas 76010
817-459-6155
www.arlingtontx.gov/business The City of Arlington can pursue grant funding for eligible
projects through the Texas Enterprise Fund. The 78th Texas
Legislature established the Texas Enterprise Fund to provide
financial resources to help strengthen the state’s economy.
The Governor, Lieutenant Governor, and the Speaker of the
House must unanimously agree to support the use of the
Texas Enterprise Fund for each specific project.
The Office of Economic Development (OED) strives to
support the growth of Arlington’s existing businesses and
attract new opportunities that will contribute to the
economic vitality of the City. The ultimate goal of the
OED is to foster opportunities that will increase the
ity’s revenue, provide high-quality employment
opportunities for residents, and contribute to the overall
prestige and future growth of the City of Arlington.
Incentives and Assistance
City of Arlington Tax Abatements
A tax abatement may be granted for eligible facilities on all
or a portion of the increased taxable value of real and/or
personal property over the Base Year Value.
Chapter 380 Economic Development Grants
The City of Arlington offers economic development
grants under Chapter 380 of the Texas Local Government
Code. Chapter 380 agreements provide construction
and infrastructure grants which are negotiated on a
case-by-case basis.
Tax Increment Financing District (TIF)/Tax
Increment Reinvestment Zones (TIRZ)
The purpose of the TIF/TIRZ districts is to reimburse
private developers for public infrastructure improvements
that may contribute to a financial gap on a specific project.
This reimbursement is funded by the added taxes generated
by the new development that occurs within the boundaries
of the district or zone.
Development Fee Waivers
The City of Arlington provides a full waiver of development
fees including platting, building permits, electrical,
mechanical, and plumbing on eligible projects.
Texas Enterprise Zone Program –
State of Texas
The City of Arlington can nominate projects as an enterprise
project under the Texas Enterprise Zone Program. Upon
the City’s designating a business as an enterprise project and
upon that project’s designation being approved by the state,
the business would be eligible for:
• Refund of state sales and use taxes paid for building
materials, machinery and equipment, electricity and
natural gas purchased and consumed in the normal
course of business and depending on investment amount
and number of jobs created/retained. Further eligible
items include tangible personal property purchased
and consumed in the normal course of business and
taxable services.
@ArlingtonPublicLibrary
Triple Freeport Exemption
Arlington has Triple Freeport, the exemption of Freeport
property from taxation by all three taxing jurisdictions-
The City of Arlington, Tarrant County and the Arlington
Independent School District for inventory leaving the
State within 175 days. The exemption covers goods that
are detained in the state for purposes of assembling, storing,
manufacturing, processing, or fabricating by the person
who acquired or imported the property.
Tarrant County Tax Abatement
Projects may be eligible for an abatement on added taxable
value on real or business personal property for a period
of 10 years. An application for abatement of County taxes
must be filed with the County Administrator’s Office.
@ArlingtonPublicLibrary
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