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Hitchcock adopts economic development incentives, sets job, investment minimums
Summary
Council adopted an ordinance establishing City of Hitchcock economic development program guidelines under chapter 3 12 and chapter 3 80 of the Texas tax code, setting job, investment, wage and term thresholds for tax abatements and sales/use tax grants.
The Hitchcock City Council voted to adopt an ordinance establishing economic development program guidelines and criteria under “chapter 3 12 and chapter 3 80 of the Texas tax code.” The ordinance sets eligibility rules for property tax abatements and sales-and-use-tax incentives and was recommended by the Hitchcock Economic Development Corporation.
Lance, presentin…
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