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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

 

Notice of Meeting – Tax Abatement OEP, INC.

Notice of Meeting – Tax Abatement HUARU GROUP HOLDING, INC.

Notice of Public Hearing for Creation of Reinvestment Zone No. 2020-01

September 21, 2020 at 11:00 a.m.
Regular Meeting

Community Room – Guaranty Bond Bank
1108 Park Street
Commerce, TX 75428
Topic: CEDC Board Meeting
See Agenda for connection details and Zoom remote meeting details.
View Agenda

August 31, 2020 at 3:00 pm.
Remote Meeting Notice

The Public may join this meeting via the web utilizing the link provided in the agenda below.
Topic: CEDC Board Meeting
Time: August 31, 2020 3:00 PM Central Time (US and Canada)
See Agenda for connection details.
View Agenda

Notice of Quoram
August 20, 2020 at 2:30 p.m.
Board of Directors may be present during a meeting regarding Project 400 on
Community Room – Guaranty Bond Bank
1108 Park Street
Commerce, TX 75428
View Details

Special Meeting
August 3, 2020 at 2:00 p.m.

Commerce City Hall
1701 Campbell St., Commerce, Texas 75428
View Agenda

Remote Meeting Notice (See agenda for meeting details)
July 21, 2020 at 2:00 p.m. 

Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428
View Agenda

Special Meeting
July 7, 2020 at 2:00 p.m.

Commerce City Hall
1701 Campbell St., Commerce, Texas 75428
View Agenda

June 17, 2020 at 9:00 a.m.
Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428
View Agenda

May 6, 2020 at 1:30 pm..
Remote Meeting Notice

The Public may join this meeting via the web utilizing the link:
Topic: CEDC Board Meeting
Time: May 6, 2020 01:30 PM Central Time (US and Canada)
See Agenda for connection details.
View Agenda

February 25, 2020 at 9:00 a.m.
Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428
View Agenda

January 21, 2020 at 9:00 a.m.
Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428
View Agenda

Special Meeting
January 6, 2019 at 10:30 a.m.

Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428
View Agenda

December 18, 2019 at 8:00 a.m.
Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428
View Agenda

November 12, 2019 at 8:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

November 04, 2019 at 8:30 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

October 30, 2019 at 7:30 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

October 25, 2019 at 12:00 p.m. (Special Meeting)
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

October 7, 2019 at 7:30 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

September 16, 2019 at 3:30 p.m. (Special Meeting)
Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

August 28, 2019 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

August 20, 2019 at 2:00 p.m. (Special Meeting)
Commerce City Hall
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

July 24, 2019 at 8:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

July 24, 2019 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

June 26, 2019 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

May 23rd, 2019 at 1:00 p.m.
A quorum of the Commerce Economic
Development Corporation’s Board of Directors
will be present for a Joint Workshop with
Texas A&M University – Commerce
View Notice

May 20th, 2019 at 2:00 p.m.
A quorum of the Commerce Economic
Development Corporation’s Board of Directors
will be present for a Joint Workshop with
Texas A&M University – Commerce
View Notice

April 30th, 2019 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

April 1st, 2019 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

February 20th, 2019 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

January 16th, 2019 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

December 19th, 2018 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

November 28, 2018 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

October 24, 2018 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

September 5, 2018 at 12:00 p.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

August 22, 2018 at 9:00 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda

Budget Workshop - July 25, 2018 at 8:30 a.m.
Michael “Pee-Wee” Walker Conference Room 
1119 Alamo Street, Commerce, Texas 75428 
View Agenda