City of Round Rock believes that good business helps create a healthy community. Round Rock Economic Development Partnership and the City work with business representatives to make the relocation and expansion process as easy and cost-effective as possible. Round Rock offers a variety of incentives for businesses. We will work with you to provide the best incentive package for your business.
Incentive Programs
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- Fast Track Permit PRogram
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- Fee Waivers or Reductions
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- Public Utility Incentives
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Tax abatement programs on real or personal property: The City of Round Rock and Williamson County offer tax abatements for new business construction and existing industry expansions, as well as personal property tax abatements associated with real property.
Job Training Funds: Round Rock will assist companies locating or expanding in Round Rock in securing state-provided job training assistance. The Texas Workforce Commis-sion offers the Skills Development Fund to finance customized job training provided by the pubic community and technical colleges.
Capital Grants and Loans: The State of Texas offers a number of grant and loan programs designed to provide companies with capital access and expenditure assistance. The programs include the Texas Capital Access Fund, the Infrastructure Grant Program, and the Real Estate Development Program. Round Rock will work with new or expanding companies to apply for this assistance.
Texas Enterprise Fund: This Deal Closing fund was created to bring jobs to Texas by attracting new business and assisting with the substantial expansion of an existing business. The review process for eligibility include: job creation and wages, capital investment, financial strength, business history, relevant business sector and public and private sector financial support. The Governor, Lieutenant governor and the Speaker of the Texas House of Representatives award this incentive.
Texas Emerging Technology Fund: This fund was established for research and development activities in emerging technology industries. The Fund has three components: (1) Incentives to Create Regional Centers of Innovation and Commercial-ization; (2) Research Matching Grants; and (3) Acquisition of Research Superiority. Targeted industries include: semiconductor, information, computer and software technology, energy, manufactured energy systems, microelectromechanical systems, nanotechnology, biotechnology, medicine, life sciences, petroleum refining and chemical processes, aerospace and defense.
Fast Tracking of Permits: One of the most important incentives, which are difficult to place a value on, has been our ability to “fast track” a project. Round Rock has been able to deliver a substantially shorter time to bring a project on-line than our competitors. Local officials have been able and willing to “customize” a development timeline for industries requiring an aggressive construction schedule.
Foreign Trade Zone: Round Rock was instrumental in the formation of the Foreign Trade Zone (FTZ) of Central Texas. FTZ’s are areas where foreign and domestic merchandise is generally considered to be in international trade. Goods can be brought into a zone without formal Customs entry or incurring duties or excise taxes, unless and until they are imported into the United States.
