Incentives
The City of Farmers Branch is committed to promoting quality development and expanding its existing business base. The City Council desires to do the following:
- Improve economic development incentives
- Establish various programs to ensure the City remains competitive in the marketplace
- Encourage, increase and retain quality jobs
- Encourage revenue streams from commercial, industrial and manufacturing businesses that maintain or increase the taxable values of their business personal property
We determine eligibility for the available incentives below on a case-by-case basis, taking into consideration the scale and scope of the project and subject to the approval of the Farmers Branch City Council.
Please refer to Chapter 380 Policy (PDF) for further information regarding Economic Development policies for the City of Farmers Branch.
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Incentives Application
The City of Farmers Branch takes many factors into account to determine a company's eligibility for incentives and the type of incentives that would be appropriate. To ensure that the City has the best information regarding relocation to Farmers Branch, please email the Economic Development Department.
Tax Increment Financing Districts
The City of Farmers Branch has established numerous Tax Increment Financing (TIF) districts to help finance infrastructure in key areas of the City. Members of each of the TIF Boards consist of the current Mayor and City Council.
State of Texas Incentives
Texas takes the initiative to invest in its future by offering competitive incentives to companies that create jobs and drive innovation in the State. The incentives are summarized on the State website administered by the Department of Economic Development Finance. For more information on state incentives, visit the state website.