Business Incentives
The City of Ingleside believes that good business helps create a healthy community. The City works with business representatives to make the relocation and expansion process as easy and cost-effective as possible. Ingleside offers incentives for businesses. Below are some of the federal funding resources and local incentives that The City will help your business access.
For more information on any of these programs contact the City of Ingleside, at 361-776-2517.
FOREIGN TRADE ZONE
FTZ’s are areas where foreign and domestic merchandise is generally considered to be in international trade. Goods can be brought into a zone without formal Customs entry or incurring duties or excise taxes, unless and until they are imported into the United States.
AX ABATEMENT PROGRAMS ON REAL OR PERSONAL PROPERTY
The City of Ingleside and the County of San Patricio offer tax abatements for new business construction and existing industry expansions, as well as personal property tax abatements associated with real property.
JOB TRAINING FUNDS
Ingleside will assist companies locating or expanding in Ingleside in securing state-provided job training assistance.
The Texas Workforce Commission offers the Skills Development Fund to finance customized job training provided by the pubic community and technical colleges.
CAPITAL GRANTS AND LOANS
The State of Texas offers a number of grant and loan programs designed to provide companies with capital access and expenditure assistance. The programs include the Texas Capital Access Fund, the Infrastructure Grant Program, and the Real Estate Development Program. Ingleside will work with new or expanding companies to apply for this assistance.
TEXAS ENTERPRISE FUND
This Deal Closing fund was created to bring jobs to Texas by attracting new business and assisting with the substantial expansion of an existing business. The review process for eligibility include: job creation and wages, capital investment, financial strength, business history, relevant business sector and public and private sector financial support. The Governor, Lieutenant governor and the Speaker of the Texas House of Representatives award this incentive.
TEXAS EMERGING TECHNOLOGY FUND
his fund was established for research and development activities in emerging technology industries. The Fund has three components: (1) Incentives to Create Regional Centers of Innovation and Commercialization; (2) Research Matching Grants; and (3) Acquisition of Research Superiority. Targeted industries include: semiconductor, information, computer and software technology, energy, manufactured energy systems, micro-electromechanical systems, nanotechnology, biotechnology, medicine, life sciences, petroleum refining and chemical processes, aerospace and defense.
FAST TRACKING OF PERMITS
One of the most important incentives, which are difficult to place a value on, has been our ability to “fast track” a project. Ingleside has been able to deliver a substantially shorter time to bring a project on-line than our competitors. Local officials have been able and willing to “customize” a development timeline for industries requiring an aggressive construction schedule.