A range of local, state, and federal incentives are available to qualifying companies in the Hitchcock area to support new, expanding and relocating companies. The Hitchcock IDC can help identify potential economic incentives that will match best with your relocation and/or expansion, and facilitate the incentives process with local and State leadership.

  • Municipal Grants and/or Loans (380 Agreement)
  • Tax Abatements
  • Freeport Property Tax Exemption
  • Public Improvement Districts
  • Tax Increment Reinvestment Zone
  • Municipal Management Districts
  • Empowerment Zone
  • Industrial Revenue Bonds
  • City Financed Infrastructure Improvements
  • 4A Sales Tax Revenue Sharing
  • Enterprise Zone Program
  • Goods-In-Transit Exemption
  • Foreign Trade Zone
  • Space Alliance Technology Outreach Program (SATOP)
  • Franchise Tax Credits for Economic Development Projects
  • Gulf Coast Economic Development District (GCEDD)

  • The Texas Enterprise Fund
  • The Texas Emerging Technology Fund (TETF)
  • Skills Development Fund
  • Texas Enterprise Zone Program
  • Manufacturing Sales Tax Exemption
  • Economic Development Bank
  • Texas Product Development Fund
  • Texas Small Business Fund
  • Pollution Control Property Tax Abatements
  • Texas Economic Development Act
  • In-State Tuition for Employees
  • Pollution Control Property Tax Exemption
  • Texas Capital Fund
  • Venture Capital — Texas CAPCO Act
  • Economic Development Administration
  • Minority Business Enterprise Center (MBEC)
  • Office of Energy and Renewable Energy Funding
  • Foreign Trade Zone Boards
  • Rural Development Grant Assistance