Van Alstyne Economic Development Corporation Industrial Park

City Incentives

City of Van Alstyne Incentives & Programs

The material contained in this Summary of City of Van Alstyne incentives is provided for informational purposes only and cannot be considered a commitment.

The EDC welcomes the opportunity to help businesses with incentives and programs. Please contact us for more information.

Ad Valorem Tax Abatements

The city, county and college districts have a strong track record of tax abatement participation on new building and equipment. Local Governments can enter into agreements with businesses to abate local Ad Valorem taxes on real and personal property for up to ten years.

Freeport Exemption

All taxing entities, the Van Alstyne, Grayson County, Grayson County College and the Van Alstyne Independent School District offer a Freeport inventory tax exemption which exempts certain personal property from property taxes. Freeport goods are defined as, “goods, wares, merchandise, other tangible property…are exempt from ad valorem taxation if: (1) the property is acquired in or imported into this State to be forwarded outside this State…(2) the property is detained in this State for assembling, storing, manufacturing, processing, or fabrication purposes…and (3) the property is transported outside this State not later than 175 days after the date the person acquired or imported the property in this State.”

Revolving Loan Program

The Van Alstyne Economic Development Corporation has funds available that can be loaned to businesses for the acquisition of property or equipment. All loans are based on the amount of employees. Rates can be as low as at 2%.

Infrastructure Improvements

Funds are available for the installation or improvement of water and sewer lines and access roads.

The EDC welcomes the opportunity to help businesses with incentives and programs. Please contact us for more information.

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