Dayton Incentives & Grants
Business Assistance Grant Programs
Businesses located within the City of Dayton, Texas are encouraged to apply for grants from the Dayton Economic Development Corporation (DEDC) for the following programs:
(1) Business Improvement Grant ($25,000 maximum award)
(2) Beautification Grant ($6,000 maximum award)
(3) Infrastructure Grant ($25,000 maximum award)
All grants funds are provided on a 50% reimbursement basis.
Large Incentive Grant Program
Businesses that meet minimum criteria may be eligible for incentives from the City of Dayton or the Dayton Economic Development Corporation. Incentives may include:
- Cash Grants
- Sales Tax Rebates
- Rebated Permitting Fees
- Rebated Impact Fees
In order to qualify for any of these incentives, businesses must complete an application and submit it for review to the Director of Economic Development. Each business is evaluated based on the capital investment made, number of jobs created and sales or property tax generated. The total amount of incentives is negotiated by the applicant and the City of Dayton and/or Dayton EDC. All incentive agreements require approval from the Dayton City Council and/or the Dayton EDC Board of Directors.
Tax Abatements
A tax abatement is a local agreement between a taxpayer and a local taxing unit that exempts all or part of the increase in the value of property from taxation for a period not to exceed 10 years. Tax abatements are an economic development tool available to cities, counties and special districts to attract new industries and to encourage the retention and development of existing businesses through property tax exemptions or reductions.
