Electra, Texas • Incentives
There are several grants and incentives available in Electra to encourage economic growth. The Business Development Corporation of Electra offers business incentives on a case-by-case basis, in accordance with state law, as well as a $150.00 utility credit to new businesses not in the historic district.
For businesses inside the historic district, the Main Street Program offers the $150.00 utility credit, as well as a Building Improvement Grant. Main Street also provides a clean-up incentive, which provides for the one-time use of a commercial trash container.
The City of Electra offers a Downtwon Historic Building Restoration and Grant Program, as well as Section 380 Economic Development Agreements. Also, the City will consider formal tax abatement agreements for very large projects.
For more information, please click the links below:
Business Development Corporation of Electra
Click here to email the completed form to City Administrator, Larry Pannell.
Or, bring or mail the application to 101 N. Main, Electra, TX 76360.
Click here to email the completed application to Main Street Director, Jannis Hayers.
Or, bring or mail the application to 109 N. Main, Electra, TX 76360.