Local, State and Federal Incentives
The Skills Development Funds are money saving business incentives programs through the state of Texas that assist businesses in workforce training for jobs that lead to opportunities for advancement.
The Texas Enterprise Fund, passed by the 78th Texas Legislature, can be used to attract new business to the state or assist with the substantial expansion of an existing business as part of a competitive recruitment situation. And, if this isn’t incentive enough to move to Conroe, the State of Texas has no personal or corporate income tax!In addition to the aforementioned incentives, the Performance Based Cash Incentive is a locally-funded incentive program that offers qualified firms a cash incentive based on the economic impact of the project to our community. The Greater Conroe Economic Development Council utilizes a cost benefit analysis to determine the amount of economic incentives that may be received by qualified firms.
A simple questionnaire, once completed by the firm on the project, allows the Greater Conroe Economic Development Council to gauge the economic impact of the project to the Conroe area. Existing industries wishing to expand as well as companies relocating to the Greater Conroe area are encouraged to apply for the Performance Based Cash Incentive.