Forney is a business-friendly community, and we provide a variety of financial incentives, as well other financing options through the State of Texas and Kaufman County, for new, expanding, or relocating companies. Forney EDC is prepared to provide the needed guidance and assistance to facilitate the process and ensure that your company is successful in Forney. Please reach out to us at (972) 552-6465 to get started.
Forney EDC provides direct cash and loan incentives from the "Type B" 1/2 cent sales tax collected for economic development within the City of Forney.
Chapter 380 of the Texas Local Government Code allows Forney to offer a range of incentives for economic development, including the ability to rebate some of the city's portion of the 1.0% sales and use tax collected from business entities located in the jurisdiction.
Qualifying businesses considering locate in Forney or Kaufman County have the opportunity to apply for a property tax abatement on new value created as a result of the project.
Established by the 74th Legislature in 1995, The Skills Development Fund was designed to better utilize the public community and technical college system in Texas as well as other training organizations and have them partner with businesses throughout the state (with priority on small businesses) to train workers to meet the labor needs of employers and the regional labor market.
The Product Development and Small Business Incubator Fund (PDSBI) is a revolving loan program financed through original bond issuances. The primary objective of the program is to aid in the development, production and commercialization of new or improved products and to foster and stimulate small business in the State of Texas.
The Texas Enterprise Fund (TEF) awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites. The fund serves as a financial incentive for those companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy.
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.
Supports rural business development, retention and expansion by providing funds for public infrastructure, real estate development, or the elimination of deteriorated conditions.
Economic Development & Diversification In-State Tuition for Employees is a program that allows employees—and those employees’ family members—of a qualified business considering a relocation or expansion of its operations in the State of Texas to pay in-state tuition rates at public institutions of higher education in the state without first establishing residency.
Tax exemption for legally authorized inventory that meets certain criterion.
Under the American Rescue Plan, EDA was allocated $3 billion in supplemental funding to assist communities nationwide in their efforts to build back better by accelerating the economic recovery from the coronavirus pandemic and building local economies that will be resilient to future economic shocks.
American Rescue Plan funding enables EDA to provide larger, more transformational investments across the nation while utilizing its greatest strengths, including flexible funding to support community-led economic development.
With an emphasis on equity, EDA investments made under the American Rescue Plan will directly benefit previously underserved communities impacted by COVID-19.
The Forney EDC supports businesses looking to locate or expand in the Forney City Limits. Five incentive programs are available. Please contact our office for more information.
The Forney EDC supports local business owners enhancing and updating the aesthetic appearance of their store front to maintain quality of place.
The Forney EDC supports redevelopment and revitalization of our business centers. The Forney EDC Redevelopment Grant is available to those business owners that are repurposing existing spaces.
The Forney EDC supports small businesses expanding into the Forney City Limits. This program is available to businesses owners with one or more existing locations.
This competitive grant program is available to new business entrepreneurs.
The Forney EDC is seeking businesses that will create jobs over the median Kaufman County wage. We provide incentives to support industrial and commercial job creation.