McAllen has a number of incentive programs designed to make resources available for businesses looking to create new jobs in our area. Our policy has been to design a customized plan that meets the unique requirements of each company interested in the McAllen area. We are committed to upholding our pro-business reputation and we stand ready to assist new industry in our area. In addition to the incentives outlined below, the McAllen Economic Development Corporation (MEDC) is willing to commit ongoing support exclusively to serve the start-up needs of your company. For a detailed list please
contact our office.
1. City Economic Development Grant
2. City Property Tax Reimbursement
1. County Property Tax Abatement
2. Employee Training Incentives
3. Freeport Exemption-Texas Property Tax Code 11.251
A. South Texas College
B. WorkForce Solutions
1. AD Valorem/Property Tax Exemption
2. Bonds
3. Capital Investment
4. Economic Development & Diversification In-State Tuition for Employees
5. Emerging Technology Program
6. Franchise Tax Credits for Economic Development
7. Freeport Exemption
8. Jobs-Creation
9. Permit Assistance
10. Property Tax Rule 9.105
11. State Sales & Use Tax Exemptions
12. Texas Economic Development Act
13. Texas Enterprise Fund
14.
Texas Enterprise Zone Program
1. Hunt Power
The INVEST program is the result of efforts from the State Government, businesses and academic institutions to unite a complete package of incentives that directly benefit the investment of those companies that recognize The State of Tamaulipas and its resources as the best place to invest.
1. State and Municipal
2. Developers, Land and Buildings
3. Science and Technology
4. Education and Workforce Development
5. Accompanied Programs
6. APP Schemes and Financing