Temple is a pro-business community seeking to grow its economic base. Incentives are provided. Cash, land, and/or tax incentives are available for projects that qualify.

• incentives.pdf
• Community Profile

Tax Abatement

The City of Temple will consider tax abatements for those projects that contribute to the retention or expansion of primary employers or that attract major investment where it can be shown that it would be a benefit to the property and contribute to the City.

Eligible facilities within the city's tax reinvestment zone include manufacturing, distribution and storage facilities, office buildings, transportation facilities, health and bioscience, technology and technology services, and entertainment complexes.

Duration and percentage of the abatement is based on how the business fits when compared to a job number/investment level matrix.

If it is determined to be in the best interest of all parties, TEDC will assist with abatement applications with other taxing entities such as Bell County and Temple College. In Texas, in most circumstances, it is not legal for a school district to abate taxes.

Other Incentives

• Low cost (or free) industrial sites (land)
• Waiver of city permit fees
• Fast track city permits
• Cash Grants
• Build to suit - lease back
• Lease Payment assistance
• No capital recovery fees
• Assistance with infrastructure (In the Tax Increment Financing Zone)
• Enterprise Zone
• Workforce development grants (Skills Development Fund)

Community Based Incentives

These could include:

• relocation assistance for key personnel
• special banking and mortgage assistance
• job fairs to attract employees
• residential real estate assistance
• community orientation, introductions and tours
• spouse employment assistance
• community welcome and announcement/press conference coordination
• media worthy ground breaking
• identification of business support services
• business incubator