All City of Dallas Incentives
The City of Dallas actively partners with qualified projects that are looking to expand or relocate within Dallas. Our goal is to provide qualified projects a competitive incentive offer that matches each project’s needs. With this goal in mind, the City of Dallas has created a public/private partnership. Dallas can offer:
- City of Dallas Regional Center (CDRC) The CDRC is dedicated to assisting individuals and their families through the EB-5 immigration process via investment into businesses and development projects located within the Dallas city limits. The CDRC offers a variety of qualified investments to foreign investors that meet or exceed Program requirements, and offer investors features unique to the EB-5 community.
- Foreign Trade Zone Dallas’ two Foreign Trade Zones allow duty-free importing of foreign-made components that are assembled, manufactured, processed or packaged. Duties are charged when completed products are distributed into the U.S. market. Products for export are not taxed.
- Freeport Tax Exemptions Ad valorem tax exemptions for goods that are detained in Texas for 175 days or less. Incentive depends on location.
- Historic Tax Incentives Abatement of city real property taxes for a period up to 10 years if a building has been designated as a Dallas landmark and a restoration is planned.
- Job Training Workforce development in Dallas is coordinated and implemented by the Dallas County Community College District (DCCCD) and Workforce Solutions Greater Dallas. DCCCD opportunities include: basic skills, GED preparation, and skills enhancement. Workforce facilitates employer access to qualified employees, as well as provides job training, workplace education, child care and educational initiatives.
- Municipal Management Districts MMDs are special districts that are self governed, but are approved by the host municipality. Through their fundraising powers they can provide infrastructure and other services within the district according to a district-approved service plan.
- New Markets Tax Credits The NMTC program is a federal program operated by the Department of Treasury that provides opportunities for new development in traditionally underserved areas. Corporate or individual investors can receive tax credits for qualified investments.
- Property Assessed Clean Energy (PACE) An innovative financing program that allows owners of commercial, industrial, and multi-family residential properties (with five or more dwelling units) to obtain low-cost, long-term loans for water conservation, energy-efficiency improvements, and renewable retrofits.
- Public Improvement Districts Special districts created by petition to privately fund public improvements or special supplemental services over and above those provided by the City, when such services are supportive of related City investments in capital improvements.
- Public-Private Partnership Program Companies considering a relocation/expansion or new commercial development may be eligible for a grant in lieu of tax abatement or to defray project costs such as: land purchase, building costs, public infrastructure costs, development fees, right of way abandonment fees, loan guarantees, training costs, relocation costs, etc.
- Tax Abatements City provides tax abatement on the value added to real property or new business personal property.
- Tax Increment Financing Special districts funded with increased tax revenues resulting from new private development. Tax rates are the same as elsewhere in the City and no added cost to private parties is incurred.