The Economic Development Department oversees the City of Austin’s incentive and loan programs that support job creation and the growth of new and existing businesses. This page provides tables that summarize commonly-requested information about the incentives and loans the department has awarded under these programs.
Chapter 380 Agreements
The City of Austin’s Chapter 380 Economic Development Program provides performance-based incentives to qualifying companies with a competitive relocation or expansion project that will make a significant investment in Austin.
The City of Austin offers incentives to qualifying film, television, video game, and visual effects projects equal to 0.50% of wages paid to local workers. Projects produced by an Austin-based company or which significantly promote Austin may be eligible for an additional 0.25% incentive for a total incentive of 0.75%.
Family Business Loan Program
The Family Business Loan Program (FBLP) is a partnership with the City of Austin to offer low-interest loans to qualified small businesses who are expanding and creating jobs.
Media Production and Development Zone
The Media Production and Development Zone (MPDZ) incentive, administered by the Texas Film Commission, is a two-year exemption on sales and use taxes normally charged on the construction, maintenance, expansion, improvement, renovation, and equipping of a media production facility.
As the Nominating Body, the City is responsible for recognizing a media development zone, nominating the land as a media production location, and submitting the exemption application to the state on behalf of the Requestor. After receiving an economic impact analysis from the Comptroller of Public Accounts and a favorable recommendation from its industry advisory committee, the Texas Film Commission approves development zones recognized by, and designates production locations nominated by, a Nominating Body.
Texas Enterprise Zone Program
The City of Austin can nominate a limited number of companies each year for the State of Texas’ Texas Enterprise Zone Program. This program does not require a cash incentive from the City. If so designated, an enterprise project is eligible for a refund of State sales and use taxes based on employment criteria and the amount invested. It is not necessary for such a project to be located in an "Enterprise Zone" to receive such benefits. Enterprise projects not located in an Enterprise Zone are required to fill at least 35% of new jobs with individuals who are economically disadvantaged, or reside in State identified "Qualifying Census Block Groups". The State also requires that the nominating local government identify economic development incentives that may be offered to the project.