Greater Conroe Economic Development Council


505 W. Davis
Conroe, Texas 77301
936.756.6162 Fax
936.538.7118 Phone


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Economic Incentives

 

The people of Conroe, Montgomery County and the State of Texas all want your business to be located in their area! Incentives have been developed on every level to help you cut costs as you settle in this new location. For example, the half-cent sales tax for economic development is used, in part, for customized financial packages to qualifying businesses. In addition, Conroe bankers have formed a banking consortium to support economic development. People involved in moving a business to Conroe, as well as those representing existing Conroe industries, may call upon this consortium for loans and banking assistance. Banking Consortium List
 

The Montgomery County Commissioners Court and the City of Conroe offer ad valorem tax abatements for up to a ten-year period. The Montgomery County Industrial Development Corporation can issue industrial development revenue bonds. These tax-exempt instruments achieve good interest rates and have extended terms for eligible projects. For businesses that serve national or international markets, the Montgomery County, City of Conroe, Conroe Independent School District and Montgomery County Hospital District Freeport Exemption allows certain types of personal property to be free of taxation. 


Foreign Trade Zone #265 serves the Greater Montgomery County and surrounding areas. A number of tax and tariff savings can be obtained by companies located in the zone that have international business activity.
 


 
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! 


 


Local, State and Federal Financial Incentives

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. 


* Financial Incentives
* Questionnaire

 

 



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