Local Incentives: SEDCO Makes Custom Incentive Packages Easy
Customized, competitive, and creative incentives are just a phone call away. The Sherman Economic Development Corporation team is experienced and eager to tailor a comprehensive incentives agreement to support the specific business growth goals of your project. We cut the red tape to make sure you get the solutions you need in a timely manner.
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The City of Sherman, Grayson County, Grayson College, and the Sherman Independent School District have adopted the Freeport exemption that eliminates property tax on inventory for qualifying goods shipped within and out of state within 175 days.
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The non-rail served property in Progress Park is listed at $70,000 per acre. Rail-served property is listed at $87,000 per acre. Project must be from an advanced manufacturing and/or semiconductor-related industry and the capital expenditure must be $20M or more (excluding land). As part o...
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The City of Sherman and Grayson County will consider an agreement that exempts all or part of the increase in the value of the property and/or tangible personal property from taxation for a period not to exceed 10 years.
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SEDCO can offer an aggressive cash grant based on capital investment (3% or 5% of capital expenditures, but negotiable). Funds may be used for general company operations, relocation assistance, facility needs, equipment purchases, payroll or other project needs. The terms and conditions of the grant...
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The SEDCO “Buy Local” cash grant provides an additional 3% or 5% (up to $50,000) of the total amount paid to local vendors for the purchase of goods and services within the City of Sherman, Texas.
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