Incentives
LOCAL INCENTIVES
The Plainview Hale County Economic Development Corporation offers:
Business Park Property
Developable property in the Plainview/Hale County Business Park may be provided at no cost to the business.
Free Platting & Rezoning
Performed by the City of Plainview at no cost.
Property Tax Abatements
Up to 10 years from the City and County, contingent on total economic impact.
Employment Incentive
Reimbursement on a sliding scale for primary jobs created.
Industrial Revenue Bonds
The Hale County Industrial Development Corporation facilitates the issuance of Industrial Revenue Bonds in Hale County and surrounding counties for industrial and environmental purposes. The interest from these bonds is tax-free to the holder, allowing companies to secure a lower interest rate when financing their project. Over time, this can result in substantial interest savings.
STATE INCENTIVES
Texas Enterprise Fund
Cash grants for projects with significant projected job creation and capital investment.
Texas Enterprise Zone
Refund of State Sales and Use Tax ranging from $2,500 to $7,500 per job, depending on investment and job creation.
STATE INCENTIVES
Texas Enterprise Fund
Cash grants for projects with significant projected job creation and capital investment.
Texas Enterprise Zone
Refund of State Sales and Use Tax ranging from $2,500 to $7,500 per job, depending on investment and job creation.
Economic Development & Diversification In-State Tuition
In-state tuition for employees and family members of qualified businesses at Texas institutions of higher education.
Skills Development Fund
Partnerships with community colleges/technical schools for custom job training — estimated $1,800 per qualified job.
Texas Jobs, Energy, Technology & Innovation (JETI)
Competitive program to attract large, capital-intensive projects that create high-paying jobs in Texas.
Texas Semiconductor Innovation Fund (TSIF)
Supports Texas leadership in semiconductor research, design, and manufacturing.