To grant a grant or loan, a city must implement an incentive implementation program. Before proceeding, cities must review their city charters or local policies that may limit a city`s ability to provide a load or subsidy. Reinvestment Tax Increment Zones (TIRZ) are special areas of the city created by a City Council legislative act, in accordance with Chapter 311 of the Texas Tax Code. A TIRZ develops and expands projects that, in turn, stimulate development in these areas. The administration`s policy is to focus these projects on infrastructure development and development in order to stimulate future economic development. The City of Houston currently has 24 active TIRZs. The council approves all budgets and project plans for each TIRZ in the city of Houston. Texas businesses are exempt from paying taxes on state revenue on labor costs for the construction of new facilities. Texan companies are exempt from taxes on government revenue on electricity and natural gas used for the production, processing or manufacture of personal goods. (The company must conduct a study on „predominant use“ that confirms that 50% or more of the electricity or gas consumed by companies makes physical changes to the products produced.) Houston offers businesses or developers of industrial buildings the same type of incentive as Harris County.

For investors who order the construction of buildings valued at $1,000,000 or more and create 25 or more jobs by the third year, they are able to get 50% reductions in their taxes on the value payable to the city. For current prices, this represents 50% of USD 1.26873/00 USD, or USD 0.634365/00 USD. In the same example as above, this means USD 6,343.65 per year for ten years, or USD 63,436.50 during this period. The International Management District`s main incentives for potential investors and businesses considering capital investments and business sites in the district are described in the other portals on this site. The borough bears considerable costs to provide its retailers, restaurateurs, office tenants and industrial businesses with a safe and attractive business environment, and supports many municipal organizations and activities aimed at improving the quality of life of residents. Landkreis also provides grants for infrastructure projects aimed at improving the mobility and attractiveness of the Landkreis. All of these services and investments are provided by the City of Houston for all areas of the city. $19 million city reduction can make the Galleria Siegel Region Project Section 380.001 of the Texas State Local Government Code allows Texas cities to make loans or grants of municipal funds to developers and investors, as well as certain city staff, facilities and services at least or free to stimulate certain types of real estate projects deemed urgent or desperate. With restrictions imposed since 2006 on the creation of new TIRZ, Houston has chosen Chapter 380 Road to promote the development of a large new HEB supermarket on I-10 in the Houston Heights neighborhood and three low-home residential projects in northwest Houston, all agreements between the City of Houston and landowners or real estate developers outside the IMD.

Chapter 380, usually in the form of a public/private joint venture in which the city agrees to build or borrow infrastructure consisting of roads, sidewalks, power lines and lighting to support the private development of vacant land in the use of designated lands. Capital amounts will vary considerably. All 380 agreements must be approved by the city council. The administration`s policy is to use these agreements to reimburse the private sector for infrastructure investments approved by the City Council. In some cases, the City Council used TIRZs to conclude 380 agreements.