Economic development incentives are used to encourage industrial and commercial retail/office business growth and development in DeSoto.
* Tax Abatement
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 Grant Application link at the bottom of the page