Business Incentives

The City of DeSoto and the Economic Development Corporation aggressively offer incentives to attract and retain businesses.

Local Incentives

Tax Abatement

The City of DeSoto provides tax abatement on the value added to new Business Personal Property (BPP) and/or Real Property.

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. Go to our Incentive Request Application.

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 (partial or full) to improve roads, install utilities, and upgrade infrastructure to encourage business growth and development in DeSoto.

Façade Improvements Grant Program

GA business may receive assistance for one grant per building during the fiscal year (October 1 to September 30). Funding assistance is approved and awarded at the sole discretion of the DeSoto Economic Development Corporation (EDC) Board. All projects must be reviewed by the DeSoto EDC’s CEO prior to EDC board consideration. Go to our Facade Improvements Grant Program Application.

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 Incentive Agreement

Funds may be available to new, expanding, and relocating companies which are planning to make a new investment in DeSoto. Request funding using the Incentive Request Application. Decisions are based on return on investment analysis. These incentives may be used for facility renovation, site preparation or engineering studies, or any other use needed by a new, expanding, or relocating business. Go to our Incentive Request Application.

Land Cost Assistance

Although land in DeSoto already 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 and can respond to site and space inquiries within a 24-hour period.

Fast-track Permitting

The DEDC facilitates a fast-track permitting process with the City of DeSoto for economic development projects.

State of Texas Incentives

Texas Enterprise Zone Program

Businesses located in DeSoto’s designated Enterprise Zones may be eligible for this state sales and use tax refund program. Talk to the DEDC about the criteria to qualify as an Enterprise Project. If you are eligible, the DEDC may nominate your company as an Enterprise Project, which makes you eligible to participate in the EZP. Learn more about the program.

View map of Enterprise Zone properties in DeSoto.

Federal Incentives

Opportunity Zones

Opportunity Zones allow developers and investors to defer capital gains taxes for up to 9 years on gains invested in those designated zones through a Qualified Opportunity Fund. The program was authorized by Congress in the Tax Cuts and Jobs Act of 2017 and provides a tax incentive for investors to reinvest their unrealized capital gains into Opportunity Funds. Learn more about Opportunity Zones.

View map for DeSoto’s Opportunity Zone.

New Markets Tax Credit

Investors who provide capital to community development entities (CDEs) in qualified census tracts are eligible for federal tax credits. DeSoto has multiple census tracts that are NMTC qualified, including the tract located in DeSoto’s Opportunity Zone. Learn more about New Market Tax Credits.

View map of NMTC properties in DeSoto.

U.S. Small Business Administration HUBZones

Businesses located in Historically Underutilized Business Zones (HUBZones) within DeSoto qualify for preferential access to contract with the federal government to provide goods or services. Learn more about the HUBZone Program.

View map of HUBZone properties in DeSoto.

Let's get to work together

Are you looking to launch, relocate or expand into DeSoto? Tell us about your business and we will contact you within 24 hours to discuss your needs and how the DEDC can help.

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Questions about relocating or expanding in DeSoto? Call us at 972.230.9611.