Texas Market Development Agreement

State:
Multi-State
Control #:
US-EG-9119
Format:
Word; 
Rich Text
Instant download

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FAQ

Chapter 380 of the Local Government Code authorizes municipalities to offer incentives designed to promote economic development such as commercial and retail projects.

Chapter 381 Agreements A county may administer and develop a program to make loans and grants of public money to stimulate business and commercial activity. The county may also develop and administer a tax abatement agreement.

Chapter 380 of the Texas Local Government Code allows Texas municipalities to provide a grant or a loan of city funds or services to promote economic development.

A market development agreement is an agreement between companies where they each agree to band together to discover and develop new markets for their product. The contract states who the parties are, what their obligations are under the contract, and what the terms and conditions of the working relationship are.

Development agreements provide public agencies greater flexibility in imposing requirements on proposed development, such as development conditions, exactions and fees, because constraints and uncertainties that affect a local agency's ability to unilaterally impose such requirements do not apply to mutually agreed ...

Chapter 381 of the Local Government Code allows counties to provide incentives encouraging developers to build in their jurisdictions.

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Texas Market Development Agreement