Generation Park works with companies on a case-by-case basis to reward success with performance based incentives. Typical Chapter 380 incentives offered by Generation Park are tied to tax value creation and/or headcount growth with efficient, business centric approval process.

Generation Park works with companies on a case-by-case basis under Chapter 312 to offer incentives to attract new industries and to encourage the retention and development of existing businesses through property tax exemptions or reductions.

For assets appraised at over $200MM, companies can take advantage of the Chapter 403 incentive from Sheldon ISD, a 10-year abatement of 50% on the taxable property value for the school district’s portion of the tax rate.

Subject to approval and project specifications, an up to 24% sales tax abatement for taxes incurred on eligible personal property within Generation Park could also be obtained reducing total sales tax from 8.25% to 6.25%.

Generation Park’s FTZ tax Rate (1.07) could save a company $2MM in taxes annually per $100MM in qualified inventory.

The Skills Development Fund is Texas’ premier job-training program providing training opportunities for Texas businesses and workers. The Skills Development Fund program assists businesses and trade unions by financing the design and implementation of customized job-training projects.

The Texas Enterprise Zone Program (EZP) is a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.

Cash grants are calculated according to a uniform analytical model for each applicant. Award amounts are calculated on the average wage of new employees, taking into account the expected hiring timeline and number of jobs created, with per-employee award amounts subject to adjustment based on the company’s total proposed capital investment.