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Trophy Club staff outlines $150,000 for commercial incentives, explains Thrive grants and compliance steps
Summary
Town staff told the EDC it has budgeted $150,000 for commercial incentive programs and reviewed state‑compliant options — Thrive business grants, infrastructure incentives, chapter 380/381 tax agreements and TIR(S) tools — and said staff will gather sales tax data and bring proposals back in January.
At the Nov. 20 meeting the Town of Trophy Club’s economic development staff told the EDC that the town has budgeted $150,000 to establish incentive programs for commercial properties and reviewed possible state‑compliant tools.
"We have it in the budget of a 150,000 to create some type of an incentive for our commercial properties," Speaker 1 said, summarizing staff’s…
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