Incentives And Funding
In Hutto, the City and the Hutto Economic Development Corporation (HEDC) remain steadfast at improving the economic opportunities and quality of life for all Hutto residents.
The HEDC, the State of Texas, and the United States Federal Government offer a variety of economic incentives to qualified companies wishing to relocate to or expand. Incentive agreements in Hutto are developed on a case-by-case basis and are subject to specific qualification criteria, conditions and performance requirements detailed within a formal incentive agreement.
To be eligible for an economic incentive, companies must complete a qualifying application. The Hutto Economic Development staff conducts an Economic Impact Analysis to assess the projected benefits the project will bring to the Hutto community. Based on this analysis, the staff will then prepare an Economic Incentive Proposal. All incentive agreements are subject to approval by the HEDC Board of Directors and Hutto City Council.
LOCAL FUNDING
Chapter 380/381 Economic Development Agreement
Chapter 311/312 Property Tax Abatement
Sales Tax Reimbursement
Foreign Trade Zone
Triple Freeport Exemption
STATE FUNDING
Enterprise Fund
Texas Enterprise Zone Program
JETI
Texas Research & Development Tax Credit
Manufacturing Sales & Use Tax Exemption
Data Center Tax Exemption
WORKFORCE FUNDING
Skills Development Fund
Texas Industry Partnership Program
Skills for Small Business
Businesses looking to relocate or expand in the Hutto city limits may be eligible for a variety of incentive options. The Hutto Economic Development Department has experience and expertise to help determine which programs best meet your business needs. If you need more assistance, please contact out team.