Killeen EDC offers a range of incentives to help businesses. These programs are designed to support business growth, job creation, and capital investment in Killeen. View the available incentives below to learn how your project may qualify.
Chapter 380 Economic Development Agreements
Under Chapter 380 of the Texas Local Government Code, the City of Killeen may negotiate individualized economic development agreements that align public incentives with verified private investment
Under Chapter 380 of the Texas Local Government Code, the City of Killeen may negotiate individualized economic development agreements that align public incentives with verified private investment and job creation. Each agreement is performance-based, Council-approved, and structured to ensure measurable economic return and long-term community benefit.
Opportunity Zone
To stimulate private participation in revitalization of economically distressed areas, taxpayers who invest in Qualified Opportunity Zones are eligible to benefit from capital gains tax incentives
To stimulate private participation in revitalization of economically distressed areas, taxpayers who invest in Qualified Opportunity Zones are eligible to benefit from capital gains tax incentives available exclusively through this new legislation.
Tax Abatement
Qualifying businesses locating or expanding in the City of Killeen may apply for a property tax abatement on the incremental value of real and personal property improvements under Chapter 312 of
Qualifying businesses locating or expanding in the City of Killeen may apply for a property tax abatement on the incremental value of real and personal property improvements under Chapter 312 of the Texas Tax Code. Abatements apply only to new taxable value created by eligible construction or expansion within a City-designated Reinvestment Zone and may be granted for a term of up to ten (10) years, subject to City Council approval.
Tax Increment Reinvestment Zones (TIRZ)
The City of Killeen utilizes Tax Increment Reinvestment Zones (TIRZ) under Chapter 311 of the Texas Tax Code to finance public infrastructure and redevelopment projects that stimulate private
The City of Killeen utilizes Tax Increment Reinvestment Zones (TIRZ) under Chapter 311 of the Texas Tax Code to finance public infrastructure and redevelopment projects that stimulate private investment. TIRZ allow the City to reinvest the incremental increase in property tax revenue generated within a designated zone to support improvements that advance long-term economic development goals.
Economic Development and Diversification In-State Tuition for Employees
Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or
Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations in the State of Texas to pay in-state tuition rates at public institutions of higher education in the state without first establishing residency.
Product Development and Small Business Incubator Fund
The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances through the State of Texas. The primary objective of the
The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances through the State of Texas. The primary objective of the program is to aid in the development, production and commercialization of new or improved products and to foster and stimulate small business in the State of Texas.
Skills Development Fund
Established by the 74th Texas Legislature in 1995, the Skills Development Fund (SDF) is Texas’ premier workforce training incentive program. Administered by the Texas Workforce Commission (TWC),
Established by the 74th Texas Legislature in 1995, the Skills Development Fund (SDF) is Texas’ premier workforce training incentive program. Administered by the Texas Workforce Commission (TWC), the program provides grant funding to support customized job training for new and incumbent workers in partnership with Texas public community and technical colleges.
Texas Capital Fund
Supports rural business development, retention and expansion by providing funds for public infrastructure, real estate development, or the elimination of deteriorated conditions.
Supports rural business development, retention and expansion by providing funds for public infrastructure, real estate development, or the elimination of deteriorated conditions.
Texas Enterprise Fund (TEF)
The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a
The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy.
Texas Enterprise Zone Program (EZP)
The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.
The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.
Texas Jobs, Energy, Technology and Innovation (JETI)
House Bill 5 of the 88th Legislature, Regular Session created the Texas Jobs, Energy, Technology and Innovation (JETI) Act. The JETI Act is a new competitive economic incentive program used to
House Bill 5 of the 88th Legislature, Regular Session created the Texas Jobs, Energy, Technology and Innovation (JETI) Act. The JETI Act is a new competitive economic incentive program used to attract large, capital-intensive economic development projects, bringing new capital investment and creating new, high-paying jobs in Texas communities.
Texas Semiconductor Innovation Fund (TSIF)
The Texas Semiconductor Innovation Fund (TSIF) is a new incentive program to encourage the continued leadership of Texas in semiconductor research, design and manufacturing.
The Texas Semiconductor Innovation Fund (TSIF) is a new incentive program to encourage the continued leadership of Texas in semiconductor research, design and manufacturing.
Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor (DOL) for employers who hire individuals from specified target populations. WOTC
The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor (DOL) for employers who hire individuals from specified target populations. WOTC reduces a business’s federal tax liability, serving as an incentive to select job candidates who may be disadvantaged in their efforts to find employment.