SERVICES

Local Incentives
State Incentives

Target Industries

KEDC actively markets to five industry sectors:

  1. Craft Agriculture
  2. Avionics/Aerospace
  3. Advanced Manufacturing
  4. Hotel and Convention
Avionics/Aerospace
Energy
Advanced Manufacturing
Craft Agriculture
Hotel & Convention
Local Incentives
GRANTS

As a Type B Corporation, the KEDC receives revenue from a .5% sales tax.  Backed by a healthy fund balance, grants are available for qualified businesses to assist with the following expenses:

  • Infrastracture Assistance
  • Job Training and Hiring Costs

​Property Tax Abatements

The City of Kerrville and Kerr County can reduce the property tax obligations of a project's real and business personal property for up to 10 years.
Local incentives are awarded on a case-by-case basis according to the type of industry, capital investment, annual payroll and number of jobs created.
Economic Incentive Policy
State Incentives
The State of Texas offers competitive incentives to companies who are creating jobs and driving innovation in Texas.
Texas Enterprise Fund

The Texas Enterprise Fund is the State's $295 million deal-closing fund used to attract new businesses that are considering relocating to Texas or retain existing businesses that are cdonsidering leaving the state.  For more information, visit the Fund's Website or CONTACT US.

Texas Data Center Incentive

Qualified data centers receive an exemption on state use and sales tax (6%) on hardware and other equipment.   CONTACT US for more information.
Texas Research & Development Incentive Program

Companies engaged in research and development operations can receive a reduction in either their state sales tax or franchise tax via the Texas Reserach & Development Incentive Program.  For more information, visit the state's Website or  CONTACT US  .
Skills Development Fund

The Center for Workforce and Economic Development at Collin College partners with companies to design customized training programs and apply for grants from the Texas Workforce Commission.  For more information, visit the state's Website .
Skills For Small Business Program

Companies with fewer than 100 employees can train new workers and upgrade skills of incumbent workers with access to all credit and continuing education courses offered through Collin College.  The program offers a grant of up to $1,800 per employee for each new empoloyee being trained and $900 per employee for existing employees that are hired within the previous 12 months. Learn more on the state's Website .
 Small Business Resources

The U.S. Small Business Administration is responsible for the delivery of SBA's many programs and services which include:  free counseling, financial assistance, consulting services, special loan programs and guaranteed loans.  For more information visit the SBA Website or CONTACT US .  

Incentive Process

The Kerr Economic Development Corporation seeks to bring quality jobs and investment to our community.

The Steps

1.

KEDC staff qualifies the project and offers services.

How To Apply

We invite you to  CONTACT Us  to discuss your project and potential incentives

You may also review the 4B (EIC), Chapter 380 (City) and Chapter 381 (County) programs to see what information will be needed when applying for incentives.


2.

Upon receipt of a complete application, KEDC stakeholders and staff perform an internal review.

3.

If approved, staff issues a term sheet for the business to review.

4.

The project is presented to the EIC for funding.

5.

The project is presented to the City Council.

How Long Does It Take?

Board meetings are held each month, but for major projects under a tight deadline, special meetings can be called within 72 hours.
Let Us Help You
Coordinated Regional Approach
The City of Kerrville, City of Ingram, and Kerr County have joined forces as economic partners to provide a cohesive, consistent, and coordinated regional approach to economic development.
We are here to help
KEDC works with local businesses looking to expand or relocate, to Kerrville. Through a consortium of regional banks and local commercial brokers we can address  your real estate and financial needs..