Chapter 381 Economic Development Agreements

Category: Local Incentives

Chapter 381 of the Local Government Code allows counties to provide incentives encouraging developers to build in their jurisdictions. A county may administer and develop a program to make loans and grants of public money to promote state or local economic development and to stimulate, encourage, and develop business location and commercial activity in the county.  
The county also may develop and administer a program for entering into a tax abatement agreement.  This tool allows counties to negotiate directly with developers and businesses.