Economic Incentives

You can succeed here.

The La Grange Economic Development Corporation wants to help you grow your business in La Grange and be successful in building your future. Along with Federal and State incentives, we offer local services and incentives to encourage the retention and expansion of existing local businesses and attract new businesses and industry.

Federal Incentives

The La Grange community qualifies as a New Market Tax Credit area. The New Markets Tax Credit Program (NMTC Program) helps communities attract private capital by providing investors with a Federal tax credit of up to 39% of their investment.

Additionally, the Federal Rehabilitation Tax Credit Program provides a federal tax credit worth 20% of the eligible rehabilitation for buildings listed in the National Register of Historic Places. Many of the existing structures in downtown La Grange qualify for this tax credit.

State Incentives

Texas is home to one of the most competitive, deal-closing incentive programs in the nation—the Texas Enterprise Fund (TEF). Other powerful programs, including the Texas Enterprise Zone Program, and the Skills Development Fund help companies successfully relocate and expand in the Lone Star State without compromising their bottom line.

Read more about state incentives…

Additionally, the Texas Historic Tax Credit Program provides a state franchise tax credit worth 25% of the eligible rehabilitation for buildings listed in the National Register of Historic Places, as well as Recorded Texas Historic Landmarks and Texas State Antiquities Landmarks. Many of the existing structures in downtown La Grange qualify for this tax credit.

La Grange Economic Development Corporation’s Local Services and Incentives

To encourage revitalization, La Grange Economic Development Corporation's incentive programs are part of an overall strategy to leverage investments, lower the cost of doing business, and level the playing field for business owners choosing to invest in their properties and in the La Grange community.

The following is a description of the established programs offered by the La Grange Economic Development Corporation.

NEW - Business Expansion and Relocation Grant Program
The City of La Grange’s Office of Community Development offers a Business Expansion and Relocation Grant Program which is designed to encourage the expansion of current La Grange businesses and new business expansions and relocations to La Grange. 

  • Businesses located within the City limits are eligible.
  • All projects must be approved before work begins.
  • Reimbursable matching grant that is a percentage of the total project cost.
  • Application required. Download an application here.

NEW - GAP Redevelopment Grant Program
The City of La Grange’s Office of Community Development offers a GAP Redevelopment Grant Program which is designed to encourage target businesses that will fill a gap in products or services available in the City of La Grange. 

  • Businesses located within the City limits are eligible.
  • All projects must be approved before work begins.
  • Reimbursable grant of up to 50% of the total project cost with a maximum reimbursement of $30,000.
  • Application required. Download an application here.

NEW - Second Floor Development Grant Program
The City of La Grange’s Office of Community Development offers a Second Floor Development Grant Program which is designed to encourage the conversion of upper floors of existing commercial structures in the historic district to residential units.

  • Businesses located within the Historic District are eligible.
  • All projects must be approved before work begins.
  • Reimbursable grant of up to 50% of the total project cost with a maximum reimbursement of $30,000.
  • Application required. Download an application here.

Paint and Sign Grant Program
The City of La Grange’s Office of Community Development offers a Paint and Sign Grant Program to promote an attractive and inviting environment for residents and visitors.

  • Businesses located within the City limits are eligible.
  • All projects must be approved before work begins.
  • Up to $1,000 Paint Assistance available for exterior paint.
  • Up to $500 Sign Assistance available.
  • Application required. Download an application here.

Security Enhancement Grant Program
The City of La Grange’s Office of Community Development offers a Security Enhancement Grant Program to assist businesses in updating an existing video surveillance system or installing a new one. 

  • Businesses located within the City limits are eligible.
  • All projects must be reviewed by the La Grange Police Department before work begins.
  • Reimbursable grant of up to 50% of the total project cost with a maximum reimbursement of $1,500.
  • Application required. Download an application here.

Façade Grant Program
The City of La Grange’s Office of Community Development offers a Façade Grant Program which is designed to encourage the renovation and restoration of the exterior façade and property of existing commercial structures within the City limits of La Grange.

  • Businesses located within the City limits are eligible.
  • All projects must be approved before work begins.
  • Reimbursable grant of up to 50% of the total project cost with a maximum reimbursement of $10,000.
  • Application required. Download an application here.

Low-Interest Revolving Loan Program
The La Grange Economic Development Corporation and BCL (Business & Community Lenders) of Texas have partnered to form a revolving loan pool to provide capital for La Grange Small Businesses.

Other Local Services and Incentives

The La Grange Economic Development Corporation is committed to providing site selection assistance to all sizes of businesses at no cost. We want to help you find the perfect spot to expand or start your business in La Grange.

Additionally, the LGEDC may be able to provide tax abatement agreements, Chapter 380 agreements, and infrastructure incentives.

No two organizations are alike and as their needs differ, the La Grange Economic Development Corporation will work with each one individually to put together the best possible package for the business and for La Grange.

Contact us to get more information on how the La Grange Economic Development Corporation can assist you in building your business in La Grange.