Incentives

The City of Tomball and the Tomball Economic Development Corporation is committed to the promotion of high-quality development within the City and to the improvement in the quality of life of its citizens. In order to meet these goals, the City will, on a case-by-case basis, consider providing tax abatement, or full or partial exemption from ad valorem taxes, within designated reinvestment zones as stimulation for economic development in the City.

The Business Improvement Grant (BIG) is a matching grant program designed to help commercial property owners and businesses make high quality improvements to buildings and property in Tomball. The BIG program encourages investments that directly relate to improving aesthetics of the community and increasing property values.

If LEED conditions are met, approval for partial tax abatement of the incremental investment associated with obtaining certification.

Provides for exemption from taxation of part or all the assessed value of a structure designated as a historically or archeologically significant site in need of tax relief to encourage its preservation.

Harris County’s Tax Abatement Program promotes new growth, new wealth, new jobs, new opportunities, and environmental sustainability. Harris County Tax Abatement guidelines and application can be found below.

The TEDC assists with funding infrastructure costs for eligible projects. Approved infrastructure expenditures include streets and roads; rail spurs; water, sewer, gas, and electric utilities; drainage; site improvements; and telecommunications and internet improvements.

The New Business Rental Incentive Program seeks to reduce area vacancies and facilitate the establishment of new businesses in previously underutilized areas of the City. The intent of the program is to facilitate business growth and expansion by assisting businesses in leasing space through a performance-based rental subsidy.

The Old Town Façade Improvement Grant (FIG) Program promotes economic development and stimulates business in the City through public-private partnerships by offering economic incentives for renovation, rehabilitation, restoration, and enhancement of facades in Old Town Tomball.

Tax increment financing is a tool that local governments can use to publicly finance needed structural improvements and enhanced infrastructure within a defined area.

The Tomball Economic Development Corporation, a 4B Corporation, provides financial assistance to qualifying expanding, new, or relocating companies in the form of cash grants for projects that create or retain primary jobs.

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.

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.

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.

The Small Business Administration (SBA) 504 loan is a fixed asset financing program which offers small businesses fixed interest loans at a below market rate. The SBA 504 stimulates local investment and creates new or saves existing jobs.

Foreign-Trade Zones (FTZ) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States' version of what are known internationally as free-trade zones.

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.