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Economic Development
Economic Development
The City of Burleson is committed to the promotion and retention of high quality development within the City of Burleson and to better the quality of life for its citizens. The City’s economic development programs are supported by tax dollars and are designed to attract industry and investment, generate additional sales tax, enhance our property tax base, create jobs, and otherwise grow the economy. The City offers a number of incentives for new, expanding, and relocating companies.
The City of Burleson is working to improve the transparency of its Economic Development programs as it relates to the Texas State Comptroller of Public Accounts Transparency Stars program. For more information on the Texas Comptroller’s efforts to encourage transparency among local governments, please visit their website at https://comptroller.texas.gov/transparency/.
Chapter 380 Economic Development Agreements
Chapter 380 of the Texas Local Government Code allows the City 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 our jurisdiction. The City negotiates each agreement on an individual basis.
Tax Abatements
Tax abatements are available from the City of Burleson for qualifying businesses and are negotiated on a case-by-case basis. Tax abatements, as authorized by Chapter 312 of the Texas Tax Code, may provide a reduction of property taxes owed on new added value for a defined period of time, not to exceed ten (10) years in length.
Performance Agreements
Performance agreements are available to qualifying businesses as authorized by Chapters 501 and 504 of the Texas Local Government Code. Each agreement is negotiated on an individual basis.
Visit Burleson EDC for additional information on the City of Burleson’s Economic Development programs.
Current Economic Development Agreements
Additional Information
- Texas Comptroller Transparency Star Economic Development Guidelines
- Chapter 380/381 Economic Development Agreement Search
- Search tool containing all local economic development agreements in the state.
- Texas Comptroller Economic Development Corporation Report Search Tool
- Search tool to view EDC financial reports submitted to the state.
- Texas Comptroller Chapter 311 TIRZ Annual Report Search Tool
- Search tool to view TIRZ annual reports submitted to the state.
- GASB Stmt. 77 – Tax Abatement Disclosures
- Texas Local Government Code Chapter 380