Incentives

Local Incentives-

The City of Kaufman, TX and the Kaufman Economic Development Corporation team understand the unique and confidential needs of business and developers. To facilitate and encourage development, the City offers progressive economic development incentives.

Type A Sales Sax Funds: These funds can be used to attract new industrial development, assist with expansions, or provide related infrastructure. (A development assistance package could be used by the company to meet location and development costs in Kaufman.) An application and further explanation of this program are provided to potential applicants, and projects are considered on a case-by-case basis. These funds can also be used for infrastructure assistance for desirable retail projects within Kaufman city limits.

County Freeport Tax Exemption on "In transit" inventory: Texas communities tax business inventory at the same rate as land, buildings and equipment. However, some Texas communities, like Kaufman, offer Freeport Exemption from county taxes. The exemption applies to inventory that is shipped out of Texas within 175 days, and it provides a substantial savings for interstate shippers that turn inventory several times a year.

Tax abatements: The City of Kaufman offers tax abatements to eligible developments, based upon the new tax base value the project will add to Kaufman and based upon the number and type of jobs the project will save or create. Tax abatement programs are available for manufacturing, distribution, research and larger retail. The City of Kaufman also has a special tax abatement program for its central business district and main street corridor which includes both commercial and residential development and re-developments. Applications and further explanation of all the program guidelines are available at the Kaufman EDC offices. 

Land and Lots: Millennium Business Park is owned and operated by the Kaufman Economic Development Corporation. Land is offered at competitive prices, below market prices for desirable projects and land grants (free land) for extremely desirable projects. Effective 2009, real estate commissions are paid. 

Job Grants: Kaufman EDC offers Type A sales tax dollars for per job grants for highly desirable projects. Grants can be used for relocation, training or start up capital. 

Job Training:  Kaufman offers all of the training programs available to companies through the state of Texas. These training programs include those offered through the Texas Workforce Commission and Skills Development Fund. The Trinity Valley Community College System works with companies to develop specific skills. 

Corporate Relocation Assistance: The Kaufman Economic Development Corporation and Kaufman Chamber of Commerce assists companies not only in matters related to business (related or support services and products) but also personal and family services including school, housing availability, local banks, churches or synagogues, shopping, clubs and organizations, medical services, arts and culture, etc. 

State Incentives-
The Texas Enterprise Fund can be used for a variety of economic development projects, including infrastructure development, community development, job training programs and business incentives.

The Texas Capital Fund Infrastructure and Real Estate Programs provide a way for an eligible applicant to receive funds to make infrastructure and/or real estate improvements to support a specific business that is expanding or beginning operations in the applicant’s jurisdiction. The business must create or retain jobs for Texans.

The Skills Development Fund, offered through the Texas Workforce Commission, assists businesses and trade union by financing the design and implementation of customized job training projects at public community colleges or technical colleges. 

The Emerging Technology Fund was created by the state to attract investment in cutting-edge research and technology. Projects are eligible for funding if they will result in the creation of high quality new jobs and have the potential to result in a medical or scientific breakthrough. 

For information on local or state incentives, contact Lee E. Ayres, Economic Development Director at (972) 932-5332 or email him at KEDC@KaufmanChamber.com