Economic Incentives

You can succeed here.

The La Grange Economic Development Corporation wants to help you grow your business in La Grange and be successful in building your future. Along with Federal and State incentives, we offer local services and incentives to encourage the retention and expansion of existing local businesses and attract new businesses and industry.

Federal Incentives

The La Grange community qualifies as a New Market Tax Credit area. The New Markets Tax Credit Program (NMTC Program) helps communities attract private capital by providing investors with a Federal tax credit of up to 39% of their investment.

Additionally, the Federal Rehabilitation Tax Credit Program provides a federal tax credit worth 20% of the eligible rehabilitation for buildings listed in the National Register of Historic Places. Many of the existing structures in downtown La Grange qualify for this tax credit.

State Incentives

Texas is home to one of the most competitive, deal-closing incentive programs in the nation—the Texas Enterprise Fund (TEF). Other powerful programs, including the Texas Enterprise Zone Program, and the Skills Development Fund help companies successfully relocate and expand in the Lone Star State without compromising their bottom line.

Read more about state incentives…

Additionally, the Texas Historic Tax Credit Program provides a state franchise tax credit worth 25% of the eligible rehabilitation for buildings listed in the National Register of Historic Places, as well as Recorded Texas Historic Landmarks and Texas State Antiquities Landmarks. Many of the existing structures in downtown La Grange qualify for this tax credit.

La Grange Economic Development Corporation’s Local Services and Incentives

To encourage revitalization, La Grange Economic Development Corporation's incentive programs are part of an overall strategy to leverage investments, lower the cost of doing business, and level the playing field for business owners choosing to invest in their properties.

The following is a description of the established programs offered by the La Grange Economic Development Corporation.

Paint and Sign Grant Program

La Grange Economic Development Corporation has established a Paint and Sign Grant Program to promote an attractive and inviting environment for residents and visitors.

  • Businesses located within the City limits are eligible.
  • All projects must be approved before work begins.
  • Up to $1,000 Paint Assistance available for exterior paint.
  • Up to $500 Sign Assistance available.
  • Application required. Download an application here.

Security Enhancement Grant Program
The Security Enhancement Grant Program assists businesses in updating an existing video surveillance system or installation of a new one.  A business owner who has taken measures to secure their business property will experience reduced theft, increased employee productivity and safety, and a better customer experience.

  • Businesses located within the City limits are eligible.
  • All projects must be reviewed by the La Grange Police Department before work begins.
  • Reimbursable grant of up to 50% of the total project cost with a maximum reimbursement of $1,500.
  • Application required. Download an application here.

Façade Grant Program
La Grange Economic Development Corporation has established the Facade Grant Program to foster an economically viable community through helping owners maintain, preserve and protect the integrity of their commercial properties.

  • Businesses located within the City limits are eligible.
  • All projects must be approved before work begins.
  • Reimbursable grant of up to 50% of the total project cost with a maximum reimbursement of $10,000.
  • Application required. Download an application here.

Low Interest Revolving Loan Program
La Grange Economic Development Corporation and BCL (Business & Community Lenders) of Texas have partnered to form a revolving loan pool to provide capital for La Grange Small Businesses.

Other Local Services and Incentives

La Grange Economic Development Corporation is committed to providing site selection assistance to all sizes of businesses at no cost. We want to help you find the perfect spot to expand or start your business in La Grange.

In addition to this service and the programs listed above, businesses and non-profits have the opportunity to apply for additional La Grange Economic Development Corporation funding. Eligibility for these funds, in the form of a loan or grant, is based on project impact including capital investment, contribution to the overall community, creation of jobs and the increase in sales tax revenue. Additionally, the LGEDC may be able to provide reductions of the cost of land, tax abatement, Chapter 380 agreements, and infrastructure incentives.

No two organizations are alike and as their needs differ, La Grange Economic Development Corporation will work with each one individually to put together the best possible package for the business and for La Grange.

Contact us to get more information on how the La Grange Economic Development Corporation can assist you in building your business in La Grange.