Since 1987, Section 51-a, Article III, of the Texas Constitution and Chapter 312, Tax Code have authorized counties to engage in economic development through tax abatement agreements. The purpose of these agreements is to encourage additional investment and employment within the county. Tax abatement agreements waive the property taxes on new investment for all or a percentage … [Read more...] about The Effects of Revenue Caps and Inflation on Tax Abatements
Economic Development
Calhoun County Lands Cutting-Edge Nuclear Project
During a conference presentation in Vietnam last year, a representative of the World Nuclear Association in London was describing small modular reactor (SMR) development when he paused, recalled Kenneth Lee Peddicord, Ph.D., P.E., who attended the conference. SMRs are advanced nuclear reactors, as defined by the International Atomic Energy Agency (IAEA). “As the speaker … [Read more...] about Calhoun County Lands Cutting-Edge Nuclear Project
Partnership Pays Dividends
Pecos County, EDC Continue to Lure Businesses, Grow Local Economy
One year ago, Pecos County Judge Joe Shuster was named County Official of the Year by the West Texas County Judges and Commissioners Association. Shortly after, state lawmakers honored Shuster with the adoption of House Resolution 1142, echoing the West Texas Association in its description of Shuster as a public servant who has gone “above and beyond in his service to county … [Read more...] about Partnership Pays Dividends
Economic Development Tools Help Counties Lure Businesses
By Julie Anderson Editor Perfection can be hard to come by, so when a California couple described Athens as “a perfect place” to “truly grow” their business, it was music to many ears. What did it take to be “perfect,” to lure a company that would create jobs and expand the tax base? The answer is proactive partnership. Throughout the last year, Henderson County … [Read more...] about Economic Development Tools Help Counties Lure Businesses
Growing Texas Counties Economic Development Tools Help Lure Businesses, Jobs
By Julie Anderson Editor “I love this community.” “We have a connection.” “This location…it felt right.” These phrases are an economic developer’s dream, and in March 2015 Roger Feagley, executive director of the Sulphur Springs/Hopkins County Economic Development Corp., (EDC) heard all three of … [Read more...] about Growing Texas Counties Economic Development Tools Help Lure Businesses, Jobs