incentives-inlineThe Benefits of Investing with Brooks City Base

The unique relationship between Brooks City Base and the City of San Antonio, Bexar County and the State of Texas has subsequently yielded a number of potential benefits for both the investors and the community of Brooks City Base. Every project and tenant is different and may therefore qualify for different incentives. To learn more about the incentives for which you may be eligible, contact our team or follow the links below.

Brooks City Base

Tax-Free Land

Because Brooks City Base is a publicly-owned entity, any projects built on its campus are exempt from ad valorem taxes.

Build-to-Suit

Brooks City Base develops and leases build-to-suit facilities for qualifying companies.

Contact us today to find out if your project qualifies.

EB-5 Program

Companies may receive supplemental financing for specific projects, business operations or job creation through the EB-5 Regional Center Program. Through this program, a business entity can leverage capital from foreign investors to help further stimulate the regional economy.

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City of San Antonio

Property Tax Abatement

The City of San Antonio offers tax abatements of up to 100% on real and/or personal property taxes on improvement values for a maximum term of up to 10 years. Abatement percentages and terms are based on job creation, wages, targeted industry and project location.

Guidelines

Workforce Solutions Alamo (WSA)

WSA offers free testing and screening services designed to provide companies with a vast pool of qualified, motivated job seekers.

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Job Tax Credits

WSA’s On-the-Job Training  (OJT) program puts together a tailored training plan that can provide up to 1,040 hours of subsidized training.

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Foreign Trade Zone

San Antonio is home to Foreign Trade Zone #80-10, which allows a business to import/export foreign goods or materials, or place its goods in the designated zone, without formal U.S. Customs entry. By utilizing the Foreign Trade Zone, a business can also avoid paying formal duties or government excise taxes until its product enters the United States market.

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Triple Freeport Tax Exemption

The City of San Antonio, Bexar County and two local independent school districts, Judson ISD and San Antonio ISD, allow personal property tax exemptions for companies that deal with goods-in-transit or inventories used in the manufacturing process and leave the State of Texas in 175 days or less.

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Application

 

Bexar County

Property Tax Abatements

Bexar County provides tax abatements of up to 100% on real and/or personal property taxes on improvement values for a maximum term of up to 10 years.

Guidelines

 

State of Texas Incentives

Texas Enterprise Fund

The largest “deal-closing” fund of its kind in the nation, the Texas Enterprise Fund can be used for a variety of economic development projects, including infrastructure development, community development, job training programs and business incentives. Qualified projects typically receive $3,000 to $8,000 of funding per new job.

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Application 

Skills Development Fund

The Skills Development Fund, Texas’ premier job training program, provides training dollars for Texas businesses and workers. This fund pays for training—administered by a local community college or technical school—to  improve employee skills.

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Texas Emerging Technology Fund

The Texas Emerging Technology Fund was established to bring the most talented minds in science and research to Texas, helping the state surge forward as a leader of innovation and emerging technologies.

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State Enterprise Zone

The State Enterprise Zone enables communities to partner with the state to offer state tax benefits to new or expanding businesses in distressed areas.

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Empowerment Zone Employment Tax Credit

This federal tax credit of up to $3,000 per employee is available to businesses located in a designated Empowerment Zone that hire residents of the zone.

Tax Return Form 8844

Research and Development Tax Credit

This incentive gives companies a choice between a franchise tax credit and a sales tax exemption for materials, software and equipment used for research and development purposes.

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Franchise Tax Reforms

Reforms made to the Texas franchise tax permanently exempt businesses that make less than $1 million in revenue from franchise tax.

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