BUSINESS RESOURCES
Economic Development Incentives
Arlington Office of Economic Development and Arlington Economic Development Corporation
101 W. Abram Arlington, Texas 76010 817-459-6155 www. ArlingtonTX. gov / Business
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 city’ s revenue, provide high-quality employment opportunities for residents, and contribute to the overall prestige and future growth of the 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 for a specified number of years.
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 EDC policy.
Texas Enterprise Fund – State of Texas
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.
Triple 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.
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.
Tax Increment Financing( TIF)/ Tax Increment Reinvestment Zones( TIRZ)
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.
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.
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.
Development Fee Waivers
The City of Arlington offers full waiver of development fees including platting, building permits, electrical, mechanical, and plumbing on eligible projects on select projects.
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