Incentives

Tax abatement programs for real or personal property

The City of Round Rock offers tax abatements for new business construction and existing industry expansions, as well as personal property tax abatements associated with real property.

Job Training Funds

Round Rock will assist companies locating or expanding in Round Rock in securing state-provided job training assistance.  The Texas Workforce Commission offers the Skills Development Fund to finance customized job training provided by public community and technical colleges.

Capital Grants and Loans

The State of Texas offers a number of grant and loan programs designed to provide companies with capital access and expenditure assistance. The programs include the Texas Capital Access Fund, the Infrastructure Grant Program, and the Real Estate Development Program.  Round Rock will work with new or expanding companies to apply for this assistance.

Texas Enterprise Fund

This “deal-closing” fund was created to bring jobs to Texas by attracting new business and assisting with the substantial expansion of an existing business.  It can provide critical funding for selected economic development projects, including infrastructure and community development, job training programs, and business incentives. The review process for eligibility includes: job creation and wages, capital investment, financial strength, business history, relevant business sector and public and private sector financial support. The Governor, Lieutenant Governor and the Speaker of the Texas House of Representatives award this incentive.  For more information on the Texas Enterprise Fund, call (512) 936-0101.

Texas Emerging Technology Fund

This fund was established for research and development activities in emerging technology industries.  The Fund has three components:  (1) Incentives to Create Regional Centers of Innovation and Commercialization; (2) Research Matching Grants; and (3) Acquisition of Research Superiority. Targeted industries include: semiconductor, information, computer and software technology, energy, manufactured energy systems, micro-electromechanical systems, nanotechnology, biotechnology, medicine, life sciences, petroleum refining and chemical processes, aerospace and defense. Over its short history, the TETF has allocated more than $128 million for nearly 100 early-stage companies and $153 million in grant-matching and research and development funds to Texas universities. For more information, call (800) 888-0511.

Fast Tracking of Permits

One of the most important incentives, which are difficult to place a value on, has been our ability to “fast track” a project.  Round Rock has been able to deliver a substantially shorter time to bring a project online than our competitors. Local officials have been able and willing to customize a development timeline for industries requiring an aggressive construction schedule.

Foreign Trade Zone

Round Rock was instrumental in the formation of the Foreign Trade Zone (FTZ183) of Central Texas.  FTZ’s are areas where foreign and domestic merchandise is generally considered to be in international trade.  Goods can be brought into a zone without formal Customs entry or incurring duties or excise taxes, unless and until they are imported into the United States.