The Wylie EDC is an economic development sales tax (Type A) corporation of the City of Wylie, which collects a 1/4 cent of sales tax from taxable sales for the purpose of funding economic development activities.
The Wylie EDC has a direct incentive program, which may be used to provide cash grants to qualifying projects and companies. If the company is eligible, the direct incentives are based on a number of factors including total job creation and wages, capital investment, the financial strength of the applicant, the applicant's business history, and an analysis of the relevant business sector.
Direct incentives require a Performance Agreement with the company and are based on the assumptions used to determine the incentive. The Wylie EDC administers the direct incentive program and applications are processed directly through the EDC Staff for consideration by the Wylie EDC Board of Directors and Wylie City Council.