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Economic Development Incentives

The City of Jersey Village and the State of Texas both offer a wide variety of tax incentives that may be useful to your company. To find out more information about any of these incentives please read below, or reach  out to our City Manager, Austin Bleess at 713-466-2019 or via email at ableess@ci.jersey-village.tx.us to discuss your individual situation. 

Jersey Village  State of Texas 
Tax Abatements Texas Enterprise Fund
Sales Tax Reimbursements Skills Development Fund
Property Tax Reimbursements Texas Enterprise Zone Program
Hotel Occupancy Tax Reimbursements State Sales & Use Tax Exemptions
Instate Tuition for Employees
Product Development & Small Business Incubator Fund

 

Jersey Village Economic Development Incentives 

Tax Abatements

Businesses looking to locate or expand in Jersey Village may be eligible for tax abatements of the new value of the project. In addition to receiving tax abatements from Jersey Village, projects may be eligible to receive abatements from Harris County and other taxing jurisdictions.

Download Jersey Village Tax Abatement Guidelines


Sales Tax Reimbursement

The city may enter into a reimbursement agreement of up to 85% of the sales tax generated. Generally the length of the reimbursement agreement will not exceed 10 years. A minimum of $100,000 in new annual sales tax revenue for the city should be generated to be eligible for sales tax reimbursements.

Property Tax Reimbursements

The city may enter into a reimbursement agreement of up to 100% of the property tax generated for the City of Jersey Village, excluding other taxing districts. Generally the length of the reimbursement agreement will not exceed 10 years. A minimum of $1,000,000 in new property value for the city should be generated to be eligible for sales tax reimbursements.

Hotel Occupancy Tax Reimbursements

Hotels may be eligible for a portion of the city Hotel Occupancy Tax collected to be reimbursed to them. The terms and conditions of these will depend greatly upon the type of project proposed.

Click here to view the policies regarding grants to business.

The City is committed to crafting economic incentives that work for individual businesses. Please contact us to discuss your individual needs, and why Jersey Village is the right choice for you.




State of Texas Economic Development Incentives

Texas Enterprise Fund

The Texas Enterprise Fund (TEF) was established to provide financial resources to help strengthen the state’s economy. Projects that are considered for TEF support must demonstrate a project’s worthiness, maximize the benefit to the state and realize a significant rate of return of the public dollars being used for economic development in Texas. Capital investment; job creation; wages generated; applicant’s financial strength; applicant’s business history; analysis of the relevant business sector; and federal and local government and private sector financial support of a project are all significant factors in approving the use of TEF.
More information here https://texaswideopenforbusiness.com/services/texas-enterprise-fund

Skills Development Fund
The Skills Development Fund is an innovative program created to assist Texas public community and technical colleges finance customized job training for their local businesses. Grants are provided to help companies form partnerships with local community colleges and technical schools to provide custom job training. Average training costs is $1,800 per trainee; however, the benefit may vary depending on the proposal.  More information can be found here

Texas Enterprise Zone Program 

The City of Jersey Village has the ability to nominate projects for the Texas Enterprise Zone Program. This competitive program is capped at 105 projects per biennium.  After the city designates a business as an enterprise project, and upon that project’s designation being approved by the state, the business is eligible for a refund of state sales and use taxes paid and used at the qualified business site.  In order to apply for a City nomination to the Enterprise Zone program, please contact us to discuss your project in more detail.

An enterprise project is eligible for a refund for all state sales and use taxes paid and used at the qualified business site. The total amount of any refund will continue to be predicated on investment amount and number of jobs created/retained.

The refund for each designation can be an amount ranging from a minimum of $2,500 per job to a maximum of $7,500 per job. 

State Sales & Use Tax Exemptions
Manufacturing Machinery & Equipment
Leased or purchased machinery, equipment, replacement parts, and accessories 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. Texas businesses are exempt from paying state sales and use tax on labor for constructing new facilities.

Texas businesses are exempt from paying state sales and use tax on the purchase of machinery exclusively used in processing, packing, or marketing agricultural products by the original producer at a location operated by the original producer.
https://texaswideopenforbusiness.com/services/tax-incentives

Natural Gas & Electricity
Texas companies are exempt from paying state and local sales and use tax on electricity and natural gas used in manufacturing, processing, or fabricating tangible personal property. The company must complete a “predominant use study” that shows that at least 50 percent of the electricity or natural gas consumed by the business directly causes a physical change to a product.
https://texaswideopenforbusiness.com/services/tax-incentives

Data Center Exemption
Texas provides 100% exemption on sales tax for computers, equipment, cooling systems, power infrastructure, electricity and fuel for Data Centers meeting the minimum thresholds of $200 million in capital investment, 20 new jobs, and an average salary at least 120% of the county average salary. https://texaswideopenforbusiness.com/services/tax-incentives

Product Development & Small Business Incubator Fund (PDSBI)
The Texas Product Development and Small Business Incubator Fund, collectively PDSBI, is a revolving loan program financed through original bond issuances. The primary objective of the program is to aid in the development, production and commercialization of new or improved products and to foster and stimulate small business in the state. The fund provides asset-based lending with flexible loan terms, competitive Loan-to-Value (LTV) and interest rates. Loan proceeds can be used for a broad range of capital and operating expenditures. Your company can secure loans with property, plant and equipment which can be amortized over the life of the asset. Communities or individual investors can assist as Guarantors.

To be eligible, applicants must have at least 3 years of operating history and have unencumbered assets available for collateral. Preference for funding is given to the state’s defined industry clusters including, but not limited to: nanotechnology, biotechnology, biomedicine, renewable energy, agriculture and aerospace. Texas is interested in creating and retaining high-quality jobs.

Texas also offers other incentives that may be applicable to some businesses, some that may not be applicable to development in Jersey Village. Click here to view all of the incentives offered. 

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City of Jersey Village
16327 Lakeview Dr.
Jersey Village, Texas 77040
(713) 466-2100
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