Incentive packages are based on the number, quality of jobs created and/or capital investment. Incentives usually take the form of cash grants to the company spread over a two to five year period, depending on the total amount of the grant. In the past, grants have ranged from $500 to $5,000 per job, depending on the type of job. A company which qualifies for a cash grant package employing 200 people at $5,000 per job would receive a total of $1 million in incentives payable over an agreed upon term.
Ad Valorem Tax Rebates
The city, county and college districts have a strong track record of tax abatement or rebate participation on new building and equipment. Local Governments can enter into agreements with businesses to rebate local Ad Valorem taxes on real and personal property for up to ten years.
All taxing entities, the City of
Foreign Trade Zone
Industrial Revenue Bonds
Revolving Loan Program
The Denison Community Investment Corporation has one million dollars available that can be loaned to businesses for the acquisition of property or equipment. Rates can be as low as three and a half percent below national prime and terms can be up to ten years.
Skills Development Fund
This state fund provides grants to community and technical colleges to finance customized job training for local businesses.
The Denison Development Alliance owns and manages two industrial parks. Sites in the park are available for free or below market rates for qualified businesses. The land is valued at $10,000 per acre.
Funds are available for the installation or improvement of water and sewer lines and access roads.
Matching Facade Grant
The Façade Grant program is a matching (50/50) grant program funded by the Denison Development Foundation (DDF) to improve the exterior (façade) appearance of buildings in the downtown and “gateway” areas. Any existing or new retail, non-profit, or commercial building/business owner within the qualifying area is eligible to apply for the matching grant funds.