Dallas and Fort Worth index well below other major U.S. business centers when it comes to state and local taxes. In terms of the largest business expenses—labor and rent—Dallas and Fort Worth also rank well below other major U.S. markets, making the region an attractive place to expand
or relocate.
Compare the DFW region to other markets to see how our pro-business climate impacts your bottom line. Use our Cost of Living calculator and see how dollars stack up here by comparing the cost of living to other major U.S. cities.
The municipalities within the region offer a variety of local incentive programs to expand or relocate businesses, ranging from tax abatements and tax increment financing to the development of infrastructure and freetrade zones. The programs help maintain the low cost of doing business, enabling job-creating companies to gain a competitive advantage. Programs vary by city but offer a breadth that can provide value for a variety of projects.
Additionally, statewide programs, including the Texas Enterprise Fund, Events Trust Fund, Workforce Development, and Product Development and Small Business Incubator Fund, are in place to encourage companies that create jobs and drive innovation to set up shop in the Lone Star State
A local agreement between a taxpayer and a taxing unit that exempts all or part of the increase in the value of the real property and/or tangible personal property from taxation for a period not to exceed 10 years.
Allow municipalities and counties to offer grants and loans for economic development or a variety of other economic incentives.
Assists with customized job training by partnering businesses and with community or technical college. Businesses should pay wages that are equal to or greater than current wages in the local market. Grants for a single business may be limited to $500,000.
One of the largest “deal-closing” fund of its kind in the nation. The fund is a cash grant used as a financial incentive tool for projects that offer significant projected job creation and capital Investment where a single Texas site is competing with another viable out-of-state option for relocation or expansion. Funds can be used for infrastructure development, community development, job training, and business incentives.
Companies can choose a state sales tax exemption for property purchased, stored, or used by a person engaged in qualified research or a franchise tax credit. Local communities can also consider providing a sales tax exemption for R&D using tools such as a Chapter 380 agreement.
This matching grant program enables eligible Texas academic institutions to build expertise in key research areas; attract and inspire students to pursue advanced degrees in math, science, engineering, and medicine; and foster innovation and commercialization.
CPRIT is now a $6 billion, 20-year initiative – the largest state cancer research investment in the history of the United States and the second largest cancer research and prevention program in the world. It accepts applications and award grants for a wide variety of innovative cancer-related research and product development and for the delivery of evidence-based cancer prevention programs and services by public and private entities located in Texas.
The Dallas Regional Chamber's economic development team works directly with companies, location consultants, and local and state allies to market the region and attract new and expanding corporations. We serve as a single point of contact for companies, site selection consultants, and corporate real estate executives examining the region.
Kelly Cloud
Vice President – Life Sciences
Dallas Regional Chamber
214.746.6749
kcloud@dallaschamber.org
BioNTX is the bioscience and healthcare innovation trade organization in North Texas, an affiliate of the Biotechnology Innovation Organization in Washington, DC. They are the bridge between businesses and job opportunities, providing direct cost savings services, networking events, and educational programming to the bioscience and healthcare innovation community in North Texas.
