The City of Sanger, through its Economic Development Boards offers incentives for new and expanding businesses creating primary jobs for the community. It is the policy of the City of Sanger to customize the provisions of economic development incentives on a case-by-case basis. This individualized design of a total incentive package is intended to allow maximum flexibility in addressing the unique concerns of each applicant while enabling the City of Sanger to better respond to the changing needs of the community.
Tax Abatement may be offered in two categories:
1. Real Property; and/or
2. Business and Personal Property
Real property abatements may be offered to applicants, which will pursue the construction of new or expanded facilities in which to house the applicable project. The abatement may apply only to the value of improvements made.
Business Personal property abatements may be offered to applicants, which will pursue the purchase or long-term lease of existing facilities. The abatement will apply to the value of new personal property brought into the taxing jurisdiction.
Once a determination has been made that a tax abatement may be offered, the value and term of the abatement will be determined on a case by case basis.
Incentives in the form of infrastructure participation and waiver of fees may be considered for qualified projects.
The City may by contract provide an incentive consisting of an annual grant based on a percentage of the sales and use tax received by the city from the sale of taxable items by the applicant.
The state of Texas offers a number of programs and if applicable the City of Sanger will assist economic development prospects in learning more about or applying for programs.
-Texas Capital Fund Infrastructure Grant
-Texas Enterprise Zone Project
-Skills Development Fund Job Training
-Texas Enterprise Fund (Major Projects)
-Texas Emerging Technology Fund (Major Projects)
For more information on the City’s incentive policy, click here.