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Home > Departments > Navasota Economic Development Corporation > Business Incentives

Business Incentives

CITY

Business Improvement Grant Program
The Business Improvement Grant Program serves to promote the development and expansion of new and existing business enterprises within the City of Navasota, Texas, and to enhance the economic welfare of the citizens of the City, by securing and retaining enterprises and maintaining a higher level of employment, economic activity, and stability.

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COUNTY

For more Grimes County incentive information, please contact Judge Ben Leman at ben.leman@co.grimes.tx.us.
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State

The Texas Economic Development Council (TEDC) is an Austin-based, statewide, non-profit professional association dedicated to the development of economic and employment opportunities in Texas. Our diverse members share a common goal -- bringing new investment and jobs to Texas. Follow this link to go directly to the TEDC website.

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FEDERAL

Tax Cuts and Job Acts Opportunity Zones

Under the Tax Cuts and Jobs Act of 2017, localities have been designated as Opportunity Zones as an economic development incentive for developers. An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as Opportunity Zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service. The City of Navasota has been designated as a Qualified Opportunity Zone.

If you have any questions regarding Opportunity Zones, follow this link.
To become certified as a Qualified Opportunity Zone, fill out the self-certifying form, 8996, on the IRS website.
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