Business Incentives & Assistance
Incentives Policy – The City of Elgin and the Elgin Economic Development Corporation strive to work with businesses to facilitate their expansion and or relocation to the community. Incentives are reviewed based on capital investment, job creation, wages, and impact of the company on the community.
Economic Development Incentives Agreement -The City of Elgin's goal in offering incentives is to promote economic activity and increase the City's tax base. Consideration in offering incentives will be given to those projects that facilitate investment and development opportunities in any location inside Elgin's corporate City Limits. New and expanding businesses are especially encouraged to apply for incentives in the "Main Street District" to expand and develop the downtown shopping experience for the community.
Economic Development Sales Tax– The City of Elgin levies a 1/2% sales tax to bolster its economic development efforts. The revenues from this tax are dedicated to the positive economic growth of Elgin. The Economic Development Corporation determines financial assistance based on capital investment, job creation, and wage levels.
Economic Development Programs– The Elgin City Council determines financial assistance based on capital investment, job creation, and wage levels. We encourage cooperation from other entities that might be willing to grant property tax reimbursements. Applications are considered by the City Council and Bastrop County.
Site/Building Location– The City’s Economic Development Director, through the cooperation of local real estate agencies and property owners, maintains inventories of buildings and sites available for lease or purchase.
Waiver of Fees– your construction project may be reviewed and considered for the reimbursement of portions of required fees and permit charges.
Fast Track Permitting– Elgin will provide direct, “hands-on” assistance in moving your construction project from conception to certificate of occupancy and do it faster than most cities can
explain their process. By comparison to other cities, your savings of time and money will be significant.