Incentives & Financing


The Town of Fairview is dedicated to ensuring our businesses succeed. Whether your company is looking to build or relocate, Fairview offers the perfect place to live, work and play by combining innovative incentives with a top notch, family friendly community. The benefits of building your business in Fairview stem from the state and local levels.

Fairview provides local incentives through either the Town, EDC/CDC or both. Incentives will vary by project and will generally be based upon: capital investment, jobs and sales tax generated.


Fairview businesses can expect:
•  No corporate income tax
•  A franchise tax among the lowest in the country at 1% or less
•  Free confidential consulting for Collin County businesses provided by the Collin Small 
   Business Development Center in Plano, Texas
•  The State of Texas offers incentive programs for companies who are creating jobs and
   driving innovation in Texas

 
The most commonly utilized state offerings are:
•  Texas Enterprise Fund (TEF)
•  Texas Emerging Technology Fund (TETF)
•  Spaceport Trust Fund
•  Grants
•  Financing including asset-based loans and tax-exempt bonds
•  Tax incentives including Enterprise Zone sales tax refunds, manufacturing sales tax 
   exemptions, property tax value limitation and “freeport” inventory tax exemptions
•  Workforce development training programs

 

Local incentives are evaluated on an individual basis and are dependent on the project size, scope and economic impact. To see if your project qualifies download the Project-Data-Sheet-Fairview-EDC. Return the completed data sheet to Ray Dunlap (email listed on application).

Helpful Links
Franchise Tax
Collin Small Business Development Center
State of Texas

 
 
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