Taxes & Incentives


Profit from our leading brand of incentives

It’s a fact: Texas leads the nation in quality of business environments. In 2016, for the 12th year in a row, CEO Magazine named Texas as the nation’s “best state for doing business.” One of the reasons for the ranking is the quality of development incentives, and when it comes to leading incentives, Stephenville leads by example through a variety of avenues. Some of those examples include:

  • Growing industry with more green, higher skills: Ranger College, Stephenville’s local training partner, brought in $1.5 million in grants from Texas Skills Enhancement Fund in 2015-2016 to hone the team skills of several local manufacturing operations, including FMC Technologies, Saint-Gobain Abrasives and Schrieber Foods.
  • Working hand in (rodeo) glove to support relocation: When a fire took the company’s production facility up in flames, Equibrand, makers of Classic Rope and other equine-related products, might have been hogtied into rebuilding in the same spot (which happened to be in another Texas city). But when Stephenville officials reached out with help and support that included tax abatements and a $25,000 relocation grant, the company was able to relocate its new facility to the Stephenville area in a prime spot directly behind the headquarters of the U.S. Team Roping Championships (USTRC).
  • Helping entrepreneurs milk a good idea: It was a brilliant local idea, to save dairy producers’ annual fuel costs by recovering heat energy from cows’ milk and transferring it into hot water needed to clean and sterilize the dairy and food processing equipment. And in the Entrepreneurs of Erath County Competition, a joint project of the Stephenville EDA and Tarleton State University, that great idea received a $25,000 award to “mooove” toward production.

Of course, those are only a few specific cases. When Stephenville passed its Type B economic development tax, the newly freed funds added real strength and flexibility to an incentives toolbox containing high-impact incentives that we can customize to put your operation well on the road to profitability as well as productivity. Our incentives are truly a leading brand, including:

  • No-cost training through the Texas Skills Enhancement Fund
  • Sales and use tax abatements
  • Franchise tax deductions
  • Tax Increment Financing (TIF)
  • Texas Neighborhood Zone incentives
  • Texas Product Development and Small Business Incentives
  • Research and Development Tax Credit

Let’s talk today, and let us show you how our leading brand incentives can lead to your operation’s success.

 

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