Incentives

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The Town of Addison may provide incentives to corporate relocations and local expansions to help make the community more competitive in North Texas through our Chapter 380 Incentive Program.  Chapter 380 of the Texas Local Government Code authorizes municipalities to offer incentives designated to promote economic development. 

Every project requesting incentives is evaluated on a case by case basis by the Economic Development and Tourism Department to determine potential eligibility.

Potential incentives include:

• Fast track permitting
• Site selection assistance
• Chapter 380 Grants
• Employment recruitment assistance

Addison Chapter 380 Grant Minimum Evaluation Criteria:

• Minimum 20 new full-time jobs
• Minimum 10,000 SF (Class A/B)
• Minimum $1 million capital investment in Real or Business Personal Property
• Average wage must be above average county wage for all industries
• Companies must commit to leasing a space for a minimum of five years
• Healthy employee benefits program
• A company within a targeted industry
• Company strength (years in business, growth sector, Fortune rankings)
• Favorable preference for companies who utilize Addison Airport

Potential Level of Support:

The level of support will vary from project to project based on job creation, average wages paid, capital investment, lease terms, and whether a company falls into one of the community’s targeted industries. Ultimately, projects are evaluated to determine whether incentives have an impact on a company choosing Addison versus a competing community for investment. All offers for incentives are contingent upon City Council approval and must demonstrate that the project will generate a positive return on investment for the community.

Incentives for Large Meetings and Conferences

For groups looking at hosting major events at our full-service hotels, Addison may provide support to defray expenses to make Addison competitive with other full-service hotels in the region through our Hotel Support Program. The program is available through any of our three full-service hotels which include the Renaissance Dallas Addison, Dallas/Addison Marriott Quorum by the Galleria, and the Crowne Plaza Dallas Near Galleria-Addison.  More information can be provided by any of these hotels or by contacting our Tourism Manager at 972-450-7038.

State and Federal Support

The State of Texas and US Federal Government offer support to new and existing businesses.  For a full list of programs available, please visit the links provided below.