Who is the Abilene Industrial Foundation?
The Abilene Industrial Foundation (AIF) is an agency of the Abilene Chamber of Commerce, working under contract to the Development Corporation of Abilene. The AIF is responsible for site selection assistance, marketing, and existing business retention/expansion, and is a source of comprehensive information for expanding the relocating business.
Economic Development Assistance
In 1989 Abilene became the first city in Texas to pass a 1/2 cent sales tax to support economic development.
The Development Corporation of Abilene (DCOA) is charged with administering sales tax revenues and is governed by a five-member Board of Directors.
Our economic incentive packages are fully controlled at the local level and are not dependent on State or County approval. Every economic development incentive package is prepared to meet the best possible solution for your company’s relocation and/or expansion needs.
A company may qualify for assistance in one or more of the below categories:
- Job creation incentives
Can range from $1,000 to more than $17,000 per full-time job dependent on salary and non-mandatory employee benefits.
- Grants/forgivable loans & loan participations for capital investment
10% or more of capital investment costs (in lieu of tax abatement)
- Assistance with land purchases
25% or more participation in land costs
- Grants for A&E for code compliance
25% or more of architectural & engineering services and cost of alterations to existing buildings for code compliance
- Job training grants
$500 or more per job upon completion of training and employee probation period
- Relocation grants
15% or more of relocation costs for equipment, key personnel, etc.
- Manufacturing Assessment Grants
Grants up to $7500 per company for assistance from the Texas Manufacturing
Assistance Center. Download more information (PDF).
City Highlights
With its rich western heritage and contemporary lifestyle, Abilene has something for everyone: from the West Texas Fair and Rodeo to the world class Abilene Philharmonic Orchestra; from Dyess Air Force Base, home of the B-1 Bomber and C-130, to the historic Grace Museum and the monthly ArtWalk. There’s the amazing Paramount Theatre with its year-long program of classic and special event films, as well as concerts, live performances, ballet, philharmonic, and touring shows. Frontier Texas! is a combination visitor’s center and interactive historical experience. See the big picture of the frontier of Texas between 1780 and 1880 as it comes to life in the new facility in downtown Abilene. Visit the Abilene Speedway or the award-winning Abilene Zoo. There are 32 movie screens, live and dinner theatre, fantastic restaurants of fine dining and cultural cuisine, live music, plus annual events such as the Sweetwater Rattlesnake Roundup, ACU’s Shakespeare Festival, the World’s Largest Bar-B-Que, the Chili Super Bowl, and so much more.
Additional Points of Interest
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