BUILD IN BKC

 

Let us help you explore the many advantages of doing business in Boerne/Kendall County. With a range of incentives and tax advantages to encourage new business and a variety of energy and fiber optic options, Boerne/Kendall County has the tools your business needs to succeed.

Balanced Growth

Local Incentives

State of Texas Incentives

Texas Enterprise Fund

The Texas Enterprise Fund (TEF) is the largest “deal-closing” fund of its kind in the nation. The fund is used as a final incentive tool for projects that offer significant projected job creation and capital investment and where a single Texas site is competing with another viable out-of-state option.

Events Trust Fund

The Events Trust Fund program applies local and state gains from sales and use, auto rental, hotel, and alcoholic beverage taxes generated over a specified period of time. Eligible events are not restricted to sports, but the venue must have been selected through a highly competitive selection process.

Governor’s University Research Initiative

The Governor’s University Research Initiative grant program (GURI) has a goal to bring the best and brightest researchers in the world to the State of Texas. This program is a matching grant program to assist eligible institutions of higher education in recruiting distinguished researchers.

Texas Enterprise Zone Program

The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and significant private investment that will assist economically distressed areas of the state.

Product Development and Small Business Incubator Fund

The Texas Enterprise Zone Program is an economic development tool for local communities to partner with the State of Texas to promote job creation and significant private investment that will assist economically distressed areas of the state.

Skills Development Fund

The Skills Development Fund is an innovative program created to assist Texas public community and technical colleges finance customized job training for their local businesses. The Fund was established by the Legislature in 1995 and is administered by the Texas Workforce Commission. Grants are provided to help companies and labor unions form partnerships with local community colleges and technical schools to provide custom job training. Average training costs is $1,800 per trainee; however, the benefit may vary depending on the proposal.

Self-Sufficiency Fund

The Self-Sufficiency Fund is a job-training program that is specifically designed for individuals that receive Temporary Assistance for Needy Families (TANF). The program links the business community with local educational institutions and is administered by the Texas Workforce Commission. The goal of the Fund is to assist TANF recipients become independent of government financial assistance.

The Fund makes grants available to eligible public colleges or to eligible private, nonprofit organizations to provide customized job training and training support services for specific employers. A joint application from the employer and the eligible public college and/or eligible private, nonprofit organization is required to be submitted to the Local Workforce Development Board for review and comment prior to approval.

Low Taxes

Local Incentives

State of Texas Programs

Franchise Tax

This is based on a corporation’s taxable capital and earned surplus. The current rate for taxable capital is 0.25% for the privilege period. The tax rate for earned surplus is 4.5%. The amount taxable on both is determined by gross receipts from business done in Texas, divided by gross receipts from all business done in and out of the state.

Unemployment Tax

All Texas employers pay state unemployment tax. A new employer is taxed at 2.7% of the first $9,000 on individual earnings for at least six quarters to establish an experience rate. After that time, the employer may qualify for a rate adjustment. 2.7% or NAICS industry average whichever is higher.

Ad Valorem (Property) Taxes

These are levied by all applicable local taxing authorities based on a property’s market value on January 1 of the tax year. Properties may qualify for special exemptions on valuation if a valid application is filed by April 30. Texas businesses do not pay an inventory tax, but inventory is taxed as personal property.

State Sales Tax Exemptions:

These include tangible property which will be a component part of a manufactured product or consumed in processing, sales delivered out of state, and a number of other items, including food.

Variety of Electric Options

BEC

City of Boerne

Perdnales Electric Co-Op

Fiber Options

BEC

City of Boerne

Ready to Build in Boerne/Kendall County? Contact Us.

Contact

info@bkcedc.com
830-331-9070

Hours

Monday-Thursday 8:00 - 5:00
Friday 8:00 - 4:00

Visit

Boerne Kendall County Economic
Development Corporation
1221 S. Main Street, Suite 100
Boerne, Texas 78006

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