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INCENTIVES

Stack of MoneyCommerce received the 2002 "Community Economic Development Award" from the Texas Economic Development Council because of our success in business recruitment and expansion. In today's competitive environment between states and communities, community leaders realize incentives are an important part of the site selection process.

LOCAL INCENTIVE PROGRAMS

The local 1/2 cent sales tax generates approximately $336,500 annually for economic development. By packaging these funds with incentives from the state and other local entities, the CEDC has been aggressive in its pursuit of growth for Commerce. Incentives are based upon the number of jobs created, annual payroll and capital investment. Customized incentive packages are based upon a cost benefit analysis conducted by an outside consultant.

LOCAL INCENTIVES

  • Tax Abatement — City, County, Hospital District
  • Enterprise Zone
  • Reinvestment Zone
  • Economic Development Corporation
  • 4-A Sales Tax City
  • Industrial Development Association

STATE AND FEDERAL PROGRAMS

The City of Commerce is a rural, non-entitlement area with less that 50,000 population in the City and 200,000 in the County. This designation makes Commerce and industries locating within the City or county eligible for a number of state programs.

  • Texas Capital Fund Infrastructure Grant
  • Texas Capital Fund Real Estate Loan
  • Enterprise Zone Project 
  • Skills Development Fund Job Training
  • Texas Enterprise Fund (Major Projects)
  • Texas Emerging Technology Fund (Major Projects)
  • Texas Industrial Revenue Bond Program
  • State Franchise Tax & Sales Tax Refund
  • Pollution Control Equipment Exemption
  • Texas Manufacturing Assistance Center
  • Texas Leverage Fund
  • Economic Development Administration Infrastructure Grants
  • SBA Loans

EXAMPLES OF INCENTIVES ACTUALLY PROVIDED NEW & EXPANDING INDUSTRIES TO COMMERCE

  • Commerce develops each incentive package based on the specific needs of the industry & eligibility
  • Land in the Commerce Industrial Park or the FM3218 Industrial Park
  • Construction of a 50,000 sf speculative building sold at below cost
  • Infrastructure constructed, such as curbed concrete streets, water, sewer, natural gas and electric
  • 0% forgivable loans and below-market interest loans
  • Cash grant for agreed upon number of jobs created and capital investment
  • Renovation of existing buildings
  • Tax Abatement from City, County and Hospital District graduated for up to 10 years
  • Skills Development Fund Job Training
  • Enterprise Zone Project
  • Texas Capital Fund Infrastructure Grant
  • State Franchise Tax & State Sales Tax Refund
  • Pollution Control Equipment Exemption
  • SBA Loans
  • Economic Development Administration Infrastructure Grant

 

November 21th, 2017 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

October 27th, 2017 at 7:00 a.m.
1700 Rodeo Drive Mesquite, TX 75149
View Agenda

September 27th, 2017 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

August 22nd, 2017 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

August 9th, 2017 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

Budget Workshop
July 26th, 2017 at 9:00 a.m.

Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

July 26th, 2017 at 9:30 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

Special Meeting
May 9th, 2017 at 9:00 a.m.

Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

Special Meeting
April 5th, 2017 at 8:30 a.m.

Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

Notice of Quorum
April 4th, 2017 at 6:00 p.m.

Sam Raybun Student Center
Commerce, Texas 75428 
View Agenda

Special Meeting
April 4th, 2017 at 9:00 a.m.

Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

March 21, 2017 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

February 22, 2017 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

January 18, 2017 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

December 13, 2016 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

November 15, 2016 at 9:00 a.m.
Budget Workshop

Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

October 18, 2016 at 9:00 a.m.
Budget Workshop

Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

September 13, 2016 at 9:00 a.m.
Budget Workshop

Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

August 23, 2016 at 9:00 a.m.
Budget Workshop

Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

July 20, 2016 at 9:30 a.m.
Budget Workshop

Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

July 20, 2016 at 10:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

Special Meeting
July 7, 2016 at 8:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

June 15, 2016 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

May 25, 2016 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

April 27, 2016 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

March 9, 2016 at 8:30 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

February 17, 2016 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

Special Meeting
January 26, 2016 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

January 20, 2016 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

December 16, 2015 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda

November 12, 2015 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room
1119 Alamo Street, Commerce, Texas 75428
View Agenda