Taxes & Incentives
As a designated Texas Type A economic development organization with Type B authority and with the power of Texas 380 agreements, the DCOS (Development Corporation of Snyder) has the flexibility to fuel economic growth in a number of ways, including tailored incentives packages for new and expanding industry.
For qualified projects, these may include:
SKILLS DEVELOPMENT FUND
No- or low-cost Workforce Training
Whether you’re starting a new enterprise, require new workforce for an expansion or need to upskill your current team to meet evolving needs, the Texas Skills Development Fund can help defray the costs for qualified projects. Working collaboratively with Workforce Solutions-West Central Texas, Western Texas College can provide for your operation’s custom training needs at no or low cost through the Fund.
ENTERPRISE ZONE INCENTIVES
Sales & use tax exemptions
For qualified businesses locating in designated Snyder Enterprise Zone areas, the Enterprise Zone Program offers sales and use tax exemptions that help build operational profitability and value.
OTHER SALES & USE TAX EXEMPTIONS
on machinery, equipment & more
Qualified industry locating outside Snyder’s Enterprise Zone may also receive sales and use tax exemptions on manufacturing machinery and equipment as well as natural gas and electricity used in manufacturing operations.
TEXAS ENTERPRISE FUND
Closing Deal Cash
In competitions with other states, Texas rises to the top with competitive tools like Enterprise Fund, providing “deal closer” cash for qualified prospects that most other states simply can’t match.