DeSoto Business Incentives
Economic development incentives are used to encourage industrial and commercial retail/office business growth and development in DeSoto.
* Tax Abatement
100% Tax abatement may be available for up to 10 years on new real property improvements, machinery, and/or equipment for qualifying businesses.
Minimum requirements are:
A minimum investment of $1.0 million for new construction or development, or
A minimum investment of $1.0 million for expansion of an existing facility or investment in machinery and/or equipment.
Application for abatement is required prior to the commencement of construction or purchase of business personal property. The application requires specifics regarding the investment in DeSoto. The level of incentives offered to a company is also screened using a return on investment analysis. Please note the incentive application link at the bottom of the page.
* Triple Freeport Equivalency
Under Section 380 of the Local Texas Government Code, the City may grant cash rebates to a business to equal up to 100% of the value of the taxed freeport inventory. Businesses must first qualify for freeport through the Dallas Central Appraisal District and the Dallas ISD.
* Infrastructure Participation
The DeSoto EDC will consider offering financial assistance partially or fully to improve roads, install utilities, and upgrade infrastructure to encourage business growth and development in DeSoto.
* Sales Tax Rebates
The City of DeSoto will consider refunding a portion of the sales tax applicable to sales made by desired retail establishments in designated neighborhood empowerment zones.
* Economic Development Cash Grants
Grants may be available to new, expanding, and relocating companies which are planning to make a new investment in DeSoto. Grants are screened by the incentive application submitted and a return on investment analysis. These grants may be used for facility renovation, site preparation or engineering studies, or any other use needed by a new, expanding, or relocating business. Please note the incentive application link at the bottom of the page.
* Land Cost Assistance
Although land in DeSoto sells for competitive prices, the DeSoto EDC will consider buying down the price of industrial and commercial retail/office land for a new, expanding, or relocating business as an incentive to attracting and retaining businesses.
* Fee Waivers
There are no impact fees in DeSoto, TX. The DeSoto EDC will consider paying all or part of any necessary permitting, building inspection, or other fees associated with expanding existing business in DeSoto or bringing new business into DeSoto.
* Site Search Assistance
The DEDC maintains an inventory of available retail/commercial and industrial sites in DeSoto. The DEDC can respond to site and space inquiries within a 24 hour period.