LOCAL INCENTIVES 

Chapter 380 Economic Development Grant Program
Chapter 380 of the Local Government Code provides legislative authority for Texas municipalities to provide grants or loans of city funds or services in order to promote economic development.

Chapter 381 Economic Development Grant Program
Chapter 381 of the Local Government Code provides legislative authority for Texas municipalities to provide grants or loans of county funds or services in order to promote economic development.

Tax Abatement
Tax abatement provides ad valorem property tax relief on a portion of the increased value of real and/or tangible personal property located in a redevelopment zone, for a period of up to 10 years. 

Foreign Trade Zone # 68
A foreign-trade zone (FTZ) is a site within the United States, in or near a U.S. Customs port of entry, where foreign and domestic merchandise is generally considered to be in international commerce.  Foreign or domestic merchandise may enter this enclave without a formal Customs entry or the payment of Custom duties or government excise taxes. 

 

STATE INCENTIVES 

Property & Sales Tax Programs

Texas Enterprise Fund
The Texas Enterprise Fund was established in 2003 as a “deal closing” fund allowing the state to respond quickly prospective Texas employers. The funds are used primarily to attract new business to the state or assist with the substantial expansion of an existing business as part of a competitive recruitment situation.

Property & Sales Tax Programs

Texas Enterprise Zone Program
The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and capital investment in economically distressed areas of the state. The entire county of El Paso qualifies for Enterprise Zone designation.

Manufacturing Machinery & Equipment
Leased or purchased machinery, equipment, replacement parts, and accessories that have a useful life of more than six months, and that are used or consumed in the manufacturing, processing, fabricating, or repairing of tangible personal property for ultimate sale, are exempt from state and local sales and use tax. 

Training Programs

The Skills Development Fund provides grants that help companies and labor unions form partnerships with local community colleges and technical schools to provide custom job training. 

Economic Development GIS Web Viewer

GIS Viewer is designed to help locate special districts and incentive areas throughout the City of El Paso.