6.c.
TCEDC Agenda
- Meeting Date:
- 08/16/2023
- Title:
- landscaping incentive program for businesses located in the city limits of Texas City, Texas
- Submitted For:
- Kristin Edwards
- Submitted By:
- Kristin Edwards, Economic Development
- Department:
- Economic Development
ACTION REQUEST (Brief Summary)
Discussion and possible action regarding the development of a landscaping incentive program for new or existing businesses located within the city limits of Texas City, Texas.
BACKGROUND
The Texas City Economic Development Corporation allocates funds each fiscal year to support business incentives.
Effective FY24, staff is proposing a new incentive program to provide incoming or existing businesses with financial assistance for landscaping installation or improvements. This hybrid incentive/redevelopment program would benefit businesses throughout Texas City, especially those located in special purpose districts with landscaping standards, such as the Industrial Business District, the Gateway Overlay District, etc.
Specifically, the program would provide reimbursement of up to 50% of landscaping costs, not to exceed $15,000 for new/incoming businesses or $10,000 for existing businesses. Successful applicants would meet landscaping requirements to be developed by the City in partnership with community stakeholders.
With EDC approval, staff will create an application packet and will begin the process of developing landscaping standards in partnership with the Planning and Engineering Department.
Effective FY24, staff is proposing a new incentive program to provide incoming or existing businesses with financial assistance for landscaping installation or improvements. This hybrid incentive/redevelopment program would benefit businesses throughout Texas City, especially those located in special purpose districts with landscaping standards, such as the Industrial Business District, the Gateway Overlay District, etc.
Specifically, the program would provide reimbursement of up to 50% of landscaping costs, not to exceed $15,000 for new/incoming businesses or $10,000 for existing businesses. Successful applicants would meet landscaping requirements to be developed by the City in partnership with community stakeholders.
With EDC approval, staff will create an application packet and will begin the process of developing landscaping standards in partnership with the Planning and Engineering Department.
ANALYSIS
Authorize staff to develop a landscaping incentive program for new or existing businesses located within the city limits of Texas City, Texas.