Dayton Incentives & Grants
Sales Tax Funds
The Dayton Community Development Corporation (DCDC) will assist progressive, quality companies with its half-cent sales tax funds. DCDC can use its funds to assist a firm’s relocation or expansion with infrastructure and site development costs. However, the DCDC has great flexibility with the use of its funds and can also provide relocation subsidies, job training assistance, loans, grants, etc. DCDC’s incentive package is determined by the following criteria:
- Amount of new taxes generated by the project
- Average wage and the gross annual payroll generated
- Capital investment
- Number of jobs created
- Sales tax revenue generated
Once these factors have been finalized, DCDC can then structure an incentive package accordingly. Other areas of assistance can be considered as deemed essential by the company and subject to approval by the Board of Directors.
DCDC Incentive Application
This application is required for all projects requesting economic development assistance from the Dayton Community Development Corporation.
Property Tax Abatement
The City of Dayton is committed to the promotion of high-quality development. On a case-by-case basis, the city will give consideration to providing tax abatement on the increment in value added to a particular property by a specific development proposal that meets the economic goals and objectives of the city.
Tax abatement may be offered on improvements to real property owned by the applicant and/or on new personal property brought to the site by the applicant. Tax abatement will not be ordinarily considered for projects which would be developed without such incentives unless it can be demonstrated that higher development standards or other development and community goals will be achieved through the use of the abatement.
Liberty County will work with your businesses for a property tax abatement.
380 & 381 Program
Local Government Code authorizes municipalities and counties to promote state or local economic development and to stimulate, encourage and develop business location and commercial activity in the county. Specifically, it provides for offering loans and grants of city/county funds or services at little or no cost to promote state and local economic development and to stimulate business and commercial activity.
The DCDC has the ability to issue grants and loans to qualified businesses on a case by case basis.
Business Improvement Grants
The purpose of this program is to promote the development and expansion of new and existing business enterprises within the City Limits of Dayton, TX and enhance the economic welfare of the citizen of the City by securing and retaining business enterprises and maintaining a higher level of employment, economic activity, and stability. All grants are 50% matching grants; Facade, Sign, Property & Landscaping Grants are up to $10,000 and Mega Grant is the only competitive grant up to $25,000.
A) Facade Improvements
B) Sign Improvements
C) Property Improvements
D) Landscaping Improvements
E) MEGA Grant - Can be a combination of Grant Type A, C or D or can stand alone as either. This grant will be reserved for those businesses that are within our Downtown.
Tax Code Chapter 313 - Value Limitation & Tax Credits
An appraised value limitation is an agreement in which a taxpayer agrees to build or install property and create jobs in exchange for:
- An eight-year limitation on the taxable property value for school district maintenance and operations tax (M&O) purposes.
- A tax credit.
This application is submitted directly to the Dayton Independent School District.