Incentive Request Application

The DeSoto Economic Development Corporation (DEDC) and the City of DeSoto use established guidelines for investing public resources in private projects to develop the economic base and quality of life in DeSoto, TX. The DEDC uses information from this form to estimate both the fiscal impact of a proposed private project upon the community of DeSoto and the level of return upon the investment of public resources in the proposed private project. The fiscal impact model must be applied to each project applying for any form of incentive, regardless of whether they are direct financial investments, abatements, deferred taxes or regulatory considerations, before public resources may be committed and given to a private business. The established guidelines stipulate that all projects must meet or exceed minimum threshold levels. If the minimum thresholds are not met, the project may be considered on a case-by-case basis.

Please provide as much of the following as pertains to the subject project:

Company











I. Real Property

(Soft costs are permitting fees, architectural engineering, testing, inspections,
environmental studies, developer management fees, legal and audit fees, etc.)

II. Business Personal Property

III. Employee Information

5. Anticipated number of new employees in

6. Average annual wage of new employees (indicate different levels within each category by labeling them as Class 1 or Class 2)

7. Annual wage growth rate (in %) of new employees

8. Anticipated percentage of new employees who will live in DeSoto

IV. Operations

5. Average annual cost of each utility

Texas Government Code Section 2264.01 Certification

The applicant certifies that the business, or a branch, division, or department of the business, does not and will not knowingly employ an undocumented worker; and that if, after receiving a funds from the DEDC, the business, or a branch, division, or department of the business, is convicted of a violation under 8 U.S.C. Section 1324a(f), the business shall repay the amount of the funds provided by DEDC with interest, at the rate and according to the other terms provided by an agreement between the DEDC and the business regarding the incentive, grant or funds provided by DEDC, not later than the 120th day after the date the DEDC notifies the business of the violation.

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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.