Incentives

Incentives to Facilitate Economic Growth

The City of Copperas Cove, Coryell County, and the State of Texas offer a variety of economic incentives to qualified  available incentives, at City, County, and State levels, has been structured for companies considering expansion or relocation to Copperas Cove, Texas. Incentive agreements are developed on a case-by-case basis.

Copperas Cove

Incentives

  • Reduced  Land: Land may be discounted for sites controlled by CCEDC. 

  • CCEDC Incentive Fund: CCEDC has money that can be used for development assistance.

  • Development Fees and Waivers  

  • Tax Abatements: Up to 100 percent of property taxes (excluding school districts, per state law) can be abated up to five years. 

  • Employee Training: 

*CCEDC partners with Central Texas College to provide workforce training needs. 

Texas is one of the top states to do business in and offers a wide range of incentive packages 

  • Texas Enterprise Fund: As the largest “deal closing” fund of its kind in the nation, TEF continues to attract jobs to Texas. The fund is used only as a final incentive tool where a single Texas community is competing with another viable out-of-state option. 

  • Enterprise Fund: Projects must hire 25 percent of jobs from those that are economically disadvantaged. If nominated, the company can receive an average of $2,500 per job created for state sales and use tax on qualified expenditures.

  • Skills Development Fund: CCEDC can apply for the Skills Development Fund through the Texas Workforce Commission to obtain funding for customized training through Central Texas College.

  • Texas Industry Development Loan Fund (TID): Qualified projects above $5 million can leverage funds through this program. Funds can be towards the purchase of land, buildings, construction costs, machinery, and equipment.

  • Industrial Revenue Bonds: A tax-exempt program to finance land and depreciable property for eligible industrial or manufacturing projects. Capital Investment Bonds range from $2-$10 million. The debt service on the bond is payable by the company.

  • Taxable Industrial Revenue Bond: A taxed revenue bond, which is typically higher interest rate than tax-exempt bond. These issues do not have restrictions on the use of the amount.

  • Product Development and Small Business Incubator Fund: The PDSBI is a revolving loan program financing through original bond issuances. The primary objective is to aid in the development, production and commercialization of new or improved products and to foster and stimulate small business in the State of Texas.

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