Economic Development

Economic Development Incentives

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. It is the policy of the City of El Paso to provide incentives to selected private businesses that make or will make a measurable difference in achieving economic growth and development, expanding and diversifying the tax base, and creating new quality jobs within the City of El Paso.

 

Transit Oriented Development Incentive Policy

It is the policy of the City of El Paso to provide incentives within designated Transit-Oriented Development (TOD) incentive areas to improve mobility and travel choices, spur economic development, support downtown revitalization, and stimulate investment in established neighborhoods. Transit-Oriented Development is a design and development strategy that links higher-density, walkable neighborhoods to transit stations and corridors. Transit-Oriented Development strengthens the urban fabric that surrounds public transportation with a mix of daily uses, including housing, retail and office. Most transit riders begin and end their trips as pedestrians and the streets around transit stations and stops should be safe, interesting and convenient for pedestrians

 

Infill Development Incentive Policy

The purpose of the City's Infill Development Incentive Policy is to provide financial incentives to develop vacant and underutilized properties within the City limits. The City recognizes there may be physical and monetary challenges to developing such parcels and as such, have provided financial incentives to make it economically-feasible to do so. As an additional source of financing to assist in funding a project, the City not only seeks to develop vacant and underutilized lots, but also to promote high-quality development.

 

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.