AN ECONOMY THAT’ S GOOD FOR BUSINESS
INCENTIVES
The City of Arlington offers a variety of incentives through the Arlington Economic Development Corporation and other funding resources designed to create jobs, new capital investment and spur redevelopment within the community. Incentive offerings are provided and negotiated on a caseby-case basis and ultimately approved by the Arlington City Council.
Tax Abatements: Tax reductions for eligible facilities on all or a portion of the increased taxable value of real and / or business personal property over the base year value. Projects may be eligible for up to a 90 % abatement on real or personal property, but not both unless negotiated, for a period of 10 years.
Chapter 380 Grants: The Texas Chapter 380 Local Government Code authorizes municipalities to offer grants of City funds to stimulate business activity based on jobs created, capital investment and other approved performance metrics listed in the City’ s Chapter 380 policy.
Arlington Economic Development Corporation: A Type B sales tax fund managed by a seven member board to offer grants and loans for a variety of projects including the acquisition of land, machinery and equipment, construction costs and other items listed in the Arlington heEDC policy.
Tax Increment Reinvestment Zone( TIRZ): Also known as Tax Increment Financing( TIF), a TIRZ is a tool that the City can use to finance needed improvements for infrastructure and buildings within a designated area. Arlington has four active TIRZ districts, each with nine board members responsible for reviewing funding requests.
Opportunity Zone( OZ): An investment tool established by Congress in 2017 to encourage long-term investments in low-income urban and rural communities nationwide. OZ’ s provide a tax incentive for investors to reinvest their unrealized capital gains into dedicated Opportunity Funds. Arlington has one Opportunity Zone.
Freeport Exemption: Property tax exemption offered by the City, school district and Tarrant County. It applies to various types of property detained in Texas for no more than 175 days to be transported out-of-state. Goods must be in Texas for assembling, storing, manufacturing, repair, maintenance, processing or fabricating purposes.
Skills Development Fund( SDF): The SDF is Texas’ premier upskilling program. SDF grants provide site-specific, customized training opportunities for Texas businesses and their employees to increase skill levels and wages of the Texas workforce.
Texas Enterprise Fund: A state level cash grant used as a financial incentive tool for projects offering significant projected job creation and capital investment where a single Texas site is competing with another viable out-of-state option for relocation.
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ARLINGTON, TEXAS COMMUNITY PROFILE