Bowie, Texas • Incentives
Creating New Job Market Opportunities
The Bowie Economic Development Corporation (BEDC) is a nonprofit organization whose mission is to administer Bowie’s Type 4A economic development sales tax for the promotion and development of new and expanded business enterprises that result in industrial and economic development with an emphasis on job opportunities in the Bowie, Texas area. The BEDC team offers business assistance on a case-by-case basis to stimulate business attraction, retention, redevelopment, and expansion. The base of assistance is determined by several factors including:
For best results, contact the Economic Development Department at 940-872-4193. Our BEDC team understands and respects your privacy and confidence.
- 380 Agreements – The city may consider providing loans or grants of economic development funds as permitted bySection 380.001 of the Texas Local Government Code.
- Type A and Type B sales tax – Email the Economic Development Department today to see which programs may work for you.
- Fee waivers and fast track permitting – Fee waivers may reduce or eliminate any city fees associated with the development of the project.
- Freeport exemption – This business incentive is designed to exempt a company’s partial or entire inventory from property taxes. To be eligible, property must be assembled, stored manufactured or fabricated locally and then exported out of the State within 175 days after the property was acquired or imported into the state.
- Infrastructure improvements – Infrastructure improvements include the provision of, or participation in, the extension of community infrastructure to the project site, including water, wastewater, electrical, drainage or road improvements.
- Rural Business Enterprise Grant (RBEG) funds Revolving Loan Account USDA – The RBEG funds are available by application. See our Applications and Forms page for more information.
- Tax abatement and special taxing districts – The Economic Development team will assist and provide a cost analysis to determine the feasibility of the project for consideration providing tax abatements for real and/or personal property.
- Texas Enterprise Fund (TEF) – The TEF provides the state’s leaders with a “deal closing fund” that has the flexibility and financial resources to help strengthen the state’s economy. The fund can be used for a variety of economic development projects including infrastructure and community development, job training programs, and business incentives. Before funds can be awarded, the governor, lieutenant governor, and speaker must unanimously agree to support the use of the TEF for each specific project. View the State of Texas Wide Open for Business Incentive Guidefor more information.
- Workforce development assistance and job training – Job training assistance may be provided to deter cost of local employee training. Other assistance may be provided through the Small Business Development Center.