SEDCO Cash Grants
Due to an unprecedented surge of activity in Sherman, the SEDCO Board of Directors has narrowed its targeted industries to advanced manufacturing and/or semiconductor-related industry. Depending on the economic impact of the project a cash grant may be available depending on capital investment. SEDCO can offer an aggressive cash grant based on capital investment. 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 grants are specified in a Performance Agreement, approved by the SEDCO Board of Directors in a public meeting.
SEDCO reserves the right to be competitive.
Category: Local
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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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To qualify the project must be from an advanced manufacturing and/or semiconductor-related industry and the capital expenditure must be $50M or more (excluding land). As part of an incentive package, this land may be offered at a discount depending on the economic impact of the...
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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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If a project qualifies for a SEDCO cash grant, they will also be eligible for a SEDCO “Buy Local” cash grant which provides a 5% (up to $50,000) of the total amount paid to local vendors for the purchase of goods and services within the City of...
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