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Incentives

Incentives

The Wylie Economic Development Corporation, City of Wylie and State of Texas have several tools available to help expanding companies locate and grow in our wonderful community. While most incentives packages are funded at the local level, the WEDC will assist you with any applicable State of Texas or National incentive programs which may be available.

Local Incentives

The WEDC is funded by a ½ cent sales imposed on the purchase of local goods and certain services.  Those monies are earmarked for funding all WEDC operations including incentive programs.  All incentive packages are developed by WEDC staff and presented to the WEDC Board of Directors for their consideration.  With project criteria requirements evaluated on a case-by-case basis, key elements typically evaluated include the amount of added taxable value for real & personal property improvements and number of new/retained jobs.  While examples of existing funding mechanisms are listed below, the WEDC stands ready to identify your specific need and tailor an incentive program to meet those needs.

  • Site Development & Infrastructure Assistance
  • Grants
  • Sales Tax Rebate Programs
  • Tax Abatements
  • Chapter 380 Agreements
  • Assistance with Development Fees

State Incentives

Texas Enterprise Fund

The Texas Enterprise Fund or TEF is the largest “deal-closing” fund of its kind in the nation. The fund is used as a final incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of-state option.

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. The Fund was established by the Legislature in 1995 and is administered by the Texas Workforce Commission. Grants are provided to help companies and labor unions 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.

Please call 972-442-7901 or email us and request a meeting to discuss local incentives for your project. Additional information on State incentives can be found on the Go Big in Texas website.