Welcome to the Greater Brazos Partnership (formerly the Brazos Valley Economic Development Corporation). Exciting changes are coming soon, including a brand new website! In the meantime, please note that the content below reflects our previous name. Click here to sign up to receive updates.
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Incentives
The Brazos Valley may offer an aggressive business incentive program to attract qualified new employers and to encourage expansion of existing employers. Eligible projects must sell products or services outside of the region and meet certain job creation, payroll an capital investment requirements.
Incentives vary between projects. The BVEDC serves as the primary point of contact for eligible projects. Please contact us for assistance or to find out if your project may be eligible.
Local
Cash Incentives
The BVEDC may facilitate cash grants to companies creating new jobs and making new investments in Brazos County, Texas. This incentive is utilized on a case-by-case basis for deal-closing.
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Local
Chapter 380 Economic Development Agreements
Chapter 380 and 381 of the Local Government Code provides legislative authority for property and sales tax rebates, grants or loans, or services to promote economic development. The BVEDC facilitates this incentive offering on behalf of the project with the appropriate taxing jurisdictions.
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Local
Fast Track Permitting
The BVEDC, on behalf of Brazos County and the Cities of Bryan and College Station, is committed to providing your project with a business-friendly, solutions-oriented, customer focused, and expedited planning and permitting process.
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Local
Foreign Trade Zone 84 - Site 26
Texas Triangle Park - Inland Port is designated through Port Houston as Foreign Trade Zone (FTZ) 84 - Site 26. Goods and unfinished products shipped directly to a FTZ are exempt from duty payments.
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Local
Freeport Exemption
Brazos County and the cities of Bryan and College Station offer the Freeport exemption for various types of goods that are detained in Texas for a short period of time.
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Local
Land Grant of Reduced Price
Both the cities of Bryan and College Station own business park property that can be granted free of charge or sold at a reduced price to economic development projects. These incentives are determined on a case-by-case basis dependent upon economic impact.
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Local
Property Tax Rebate Program
Local taxing entities within the Brazos Valley may offer property tax rebates on a portion of the value of real and/or tangible personal property for a period of up to 10 years. The BVEDC facilitates this incentive offering on behalf of the project with the appropriate taxing jurisdictions.
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State
Texas Skills Development Fund
Established by the 74th Legislature in 1995, The Skills Development Fund was designed to better utilize the public community and technical college system in Texas as well as other training organizations and have them partner with businesses throughout the state (with priority on small businesses) to train workers to meet the labor needs of employers and the regional labor market.
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State
Texas Enterprise Fund (The Deal Closer)
The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy.
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State
Texas Enterprise Zone Program
The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.
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State
Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor (DOL) for employers who hire individuals from specified target populations. WOTC reduces a business’s federal tax liability, serving as an incentive to select job candidates who may be disadvantaged in their efforts to find employment.
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Federal
Opportunity Zone
The Tax Cuts and Jobs Act created new tax benefits for investors in designated qualified opportunity zones (QOZs). These QOZ’s are certain census tracts designated by the State of Texas based on poverty thresholds provided in the tax law. A large portion of western Brazos County is within qualified opportunity zones.
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