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The
City of Hutchins and the Hutchins Economic
Development Corporation team understand the
unique and confidential needs of businesses
and developers. To facilitate and encourage
development, the City offers progressive
economic development incentives:
4B
Sales Tax.
Hutchins
has the ability to use sales tax incentives
authorized under Chapter 380 of the Local
Government Code to develop commercial and
retail projects. These Chapter 380
Agreements allow Hutchins to attract
development by refunding a portion of the
sales tax the project generates back to the
developer under a long-term contract. These
agreements are win-win for the developer and
the City. The developer receives assistance
to make the project viable, and the City
benefits from growth in sales tax revenue,
property taxes and new jobs.
Fast
and Easy Permitting.
The City of Hutchins understands the
importance of taking a project from concept
to reality in a timely manner. The
Hutchins Economic Development Corporation
will assist you to ensure that there are no
roadblocks to delay your project. We
will make sure that your project gets the
most expedited permitting available
anywhere. Here are some of the areas
that we will lead the fast track permitting
efforts:
- Issuing
of special use permits
- Issuance
of building permits
- Issuances
of sign permit
- Plan
review
- Issuance
of plumbing, heating, electrical permits
- Issuance
of grading permit
- Architectural
review
- Variance
- Zoning
change
Foreign
Trade Zone (FTZ).
In
February 2008, the United States
Foreign-Trade Board approved the expansion
of FTZ-39 to include 382 acres in Hutchins.
Companies can benefit from FTZs because FTZs
are considered to be outside of U.S. Customs
Territory for the purpose of customs duty
payment. Therefore, goods entering FTZs are
not subject to customs tariffs until the
goods leave the zone and are formally
entered into U.S. Customs Territory.
Merchandise that is shipped to foreign
countries from FTZs is exempt from duty
payments. This provision is especially
useful to firms that import components in
order to manufacture finished products for
export.
Infrastructure and Other Incentives.
The Hutchins Economic Development
Corporation will work with you on your
entire project needs including
infrastructure, workforce training, waste
water, roads and more. No matter how
small or how large the project, we will be
there to make it work for you. There
is no challenge too small or too large for
our team to work through for you. We
have a proven track record in finding
creative solutions to even the toughest
challenge.
Keep Hutchins Beautiful Grants.
The Hutchins Economic Development
Corporation will provide matching
beautification Grants to qualified Hutchins
businesses.
Qualifying applicants may receive
matching grant to fund projects that enhance
property and provide visual improvements to
their facilities. These projects may include
landscaping, painting, parking improvements,
signage, painting, building of facades and
screening. Generally, the Hutchins Economic
Development Corporation will match each
project dollar for dollar up to five
thousand dollars ($5000) in HEDC
expenditures.
An application is available for
download below.
Tax
abatements and rebates. The
City of Hutchins considers tax abatements
and rebates to eligible developments, based
upon the new tax base value the project will
add to Hutchins and based upon the number
and type of jobs the project will save or
create. An application and further
explanation of the program guidelines are
provided to potential applicants.
Tax
Exempt Financing. Hutchins
has the ability to partner with a local
industrial development corporation to
provide the conduit for issuing tax-exempt
industrial revenue bonds for manufacturing
company developments that meet state and
federal guidelines. Potential projects are
considered by the city's bond counsel.
Texas
Enterprise Zone Program. About
95 percent of the City of Hutchins has been
designated as an enterprise zone by the
State of Texas. 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 capital investment in
economically distressed areas of the state.
Designated
projects are eligible to apply for state
sales and use tax refunds on purchases of
all taxable items purchased for use at the
qualified business site related to the
project or activity. The level and amount of
refund is related to the capital investment
and jobs created at the qualified business
site. In addition, the City of Hutchins
offers incentives to participants under the
enterprise zone program, such as tax
abatement, tax increment financing and
one-stop permitting.
Triple
Freeport Tax Exemption on �In transit�
Goods. Hutchins
has Triple Freeport, the exemption of
Freeport property from taxation by all three
taxing jurisdictions - The City of Hutchins,
Dallas County and the Dallas Independent
School District. The exemption covers goods
that are detained in the state for purposes
of assembling, storing, manufacturing,
processing, or fabricating by the person who
acquired or imported the property.
To
qualify for the exemption, the goods must be
transported out of state no later than 175
days after the date that the owner acquired
or imported the property. The owner must
file an application with the Chief Appraiser
by April 30 of each year the exemption is
sought.
The
Dallas County Appraisal District provides a worksheet
and application for Freeport Exemptions.
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Download
Hutchins Incentive Application
Guidelines
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Download
Hutchins Incentive Application
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Download
Keep Hutchins Beautiful Application
with Instructions
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State
Incentives
The
Texas Enterprise Fund.
The Texas Enterprise Fund can be used for a
variety of economic development projects,
including infrastructure development,
community development, job training programs
and business incentives.
The
Texas Capital Fund Infrastructure and Real
Estate Programs.
These programs provide a way for an eligible
applicant to receive funds to make
infrastructure and/or real estate
improvements to support a specific business
that is expanding or beginning operations in
the applicant�s jurisdiction. The business
must create or retain jobs for Texans.
The
Skills Development Fund.
The Skills Development Fund is offered
through the Texas Workforce Commission and
assists businesses and trade unions by
financing the design and implementation of
customized job training projects at public
community colleges or technical colleges.
The
Emerging Technology Fund. The
Emerging Technology Fund was created by the
state to attract investment in cutting-edge
research and technology. Projects are
eligible for funding if they will result in
the creation of high quality new jobs and
have the potential to result in a medical or
scientific breakthrough.
For
information on local or state incentives
contact John Hubbard, Executive Director,
Hutchins EDC at 972-225-4449 or John.Hubbard@HutchinsEDC.org.
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