Local Incentives

We’re Open for Business!

The Town of Addison may provide incentives to corporate relocations and local expansions to help make the community more competitive in North Texas through our Chapter 380 Incentive Program. Chapter 380 of the Texas Local Government Code authorizes municipalities to offer incentives designated to promote economic development.

Every project requesting incentives is evaluated on a case by case basis by the Economic Development Department to determine potential eligibility.

Town of Addison incentives include:

  • Fast Track Permitting
  • Site Selection Assistance
  • Tax Abatements
  • Chapter 380 Grants
  • Employment Recruitment Assistance
  • Training Grants (via Sills Development Fund)

Addison Chapter 380 Grant Minimum Evaluation Criteria:

  • Minimum 20 new full-time jobs
  • Minimum 10,000 SF (Class A/B)
  • Minimum $1 million capital investment in Real or Business Personal Property
  • Average wage must be above average county wage for all industries
  • Companies must commit to leasing a space for a minimum of five years
  • Healthy employee benefits program
  • A company within a targeted industry
  • Company strength (years in business, growth sector, Fortune rankings)
  • Favorable preference for companies who utilize Addison Airport

Potential Level of Support

The level of support will vary from project to project based on job creation, average wages paid, capital investment, lease terms, and whether a company falls into one of the community's targeted industries. Ultimately, projects are evaluated to determine whether incentives have an impact on a company choosing Addison versus a competing community for investment. All offers for incentives are contingent upon City Council approval and must demonstrate that the project will generate a positive return on investment for the community.

Preliminary Incentive Application Form

Fill out Preliminary Application

 

Back to top