The Business Expansion Incentive Program is a pay-for-performance program that pays out annually to qualified businesses. The Economic Development Department is identifying and qualifying high-impact projects for:
- Local Austin businesses
- Employers hiring targeted populations
- Businesses relocating to Austin
Staff will work with you to: determine fit, guide you through the process, and help to answer questions.
Growing locally?
Incentive benefits include:
- Up to 3% Wages Reimbursement Per Job / Per Year (max $1,800)
- Up to 50% Property Tax Reimbursement
Eligibility:
- Registered and operational within the City of Austin city limits for at least 12 months
- Creation of at least 5 jobs over 5 years paying at least City of Austin living wage
Hiring employees with barriers?
Incentive benefits include:
- Up to $3,000 Per Target Job / Per Year
- Up to 50% Property Tax Reimbursement
Eligibility:
- Creation of 1 job for targeted populations, or those with barriers to employment
- Pay must be at least City of Austin living wage
Moving to Austin?
Incentive benefits include:
- Up to 3% Wages Reimbursement Per Job / Per Year (max $1,800)
- Up to 50% Property Tax Reimbursement
Eligibility:
- No current City of Austin“significant presence” (5 or less Austin employees)
- Creation of at least 75 jobs over 10 years paying at least City of Austin living wage
Your project may be eligible for one or more programs.
>>Submit an Incentive Inquiry
Learn more from Economic Development staff about available incentives by submitting an inquiry.
RECENT NEWS
May 5, 2019