City of Dallas, TX

03/23/2023 | Press release | Distributed by Public on 03/23/2023 10:50

D Economy: March 2023 Edition

March 2023

The City of Dallas has a new Economic Development Policy and Incentives Policy. This edition of D Economy will tell you what that means for Dallas businessesand which incentives are best suited for new projects.

D ECONOMY: City of Dallas
Economic Development Policy

Economic Development Policy Overview

The City Council unanimously approved an amended City of Dallas Economic Development Policy and new Economic Development Incentives Policy on January 25, 2023. The Policy aligns multiple City departments under a shared mission & vision to support inclusive prosperity and equitable access to employment, economic opportunity, and housing opportunities for all Dallas residents.> Read more

Incentives Policy Overview

The recently approved Economic Development Incentive Policy keeps the economic development tools that have made Dallas competitive and adds new, innovative tools that institutionalize a living wage, streamline the incentive process, create a new fund to address infrastructure challenges and prioritize investment in specific Target Areas. > Read more

Target Area Map

  • Projects in the Target Areas may be eligible for assistance under the as-of-right tax abatement program, the community development program and the infrastructure assistance fund.
  • Target Areas areas align with the state's Enterprise Zones and are census block groups where the poverty rate exceeds 20% based on the last decennial census (2020).

Economic Development Incentive Tools

As-of-Right Tax Abatements

This incentive focuses on activating real estate development and job creation in traditionally underserved areas by offering a simplified process and establishing a real property or business personal property tax abatement for qualified projects. > Read more

Community Development

The Community Development program aims to improve living and economic conditions of persons in Target Areas by providing loans and grants for qualified projects -including those led by a non-profit developer-- that serve a community development purpose. > Read more

Predevelopment Assistance Program

This incentive supports community developers and certified women and minorityowned businessesby providing predevelopment loans for qualified expenses during the predevelopment process for vital flexible capital to enable project feasibility.
> Read more

Infrastructure Incentive Fund

The Infrastructure Investment Fund (IIF) incentive provides a brand-new source of capital for areas of the City that lack infrastructure or that have outdated or undersized infrastructure. > Read more

Negotiated Incentives

For projects that don't fit one of the above categories or have additional needs, the Office of Economic Development may offer negotiated tax abatements, grants or loans to qualified projects that fulfill a public purpose of creating Living Wage jobs or growing the tax base. > Read more

New Incentive Inquiry Tool

Do you need help determining the best incentive program for your project?

Complete our new Incentives Inquiry Tool!

Want to learn more about our incentives?

Join us every third Thursday of the month, for our virtual Monthly Incentive Meetings beginning April 20 at 3 p.m.
> Learn More

For more Dallas news follow us on Twitter

City of Dallas Office of Economic Development | 1500 Marilla St, Dallas, TX 75201
214.670.1685 |