Local Incentive

Belton Economic Development Corporation Agreements

Summary

BEDC is a Type A Corporation funded by a 1/2 cent sales tax. Though this fund, BEDC has the ability to offer land grants, make infrastructure improvements, and build-to-suit projects. Additionally, performance-based cash incentives will be considered on a case-by-case analysis for building modifications, fixed equipment, hiring and job training assistance and equipment relocation/moving expenses. 

Incentives are based on several factors including total job creation and wages, capital investment, the applicant's business history, and an analysis of the relevant business sector.

Incentives received from BEDC require a performance agreement with the company outlining the commitments of both the company and EDC.  This agreement will require approval of the BEDC Board of Directors and the Belton City Council.