Business Climate
The Research Valley is a fast growing community that is recognized as one of the top U.S. metropolitan areas for doing business in a low cost environment. The area has recently received top recognition by Forbes Magazine as Texas’ #1 “Best Small Place for Businesses and Careers” based on its low costs for doing business, strong economic outlook and solid quality of life.
And if that’s not enough, the Research Valley’s cost of living are 14% below the national average, and lower than other Texas cities like Austin and Dallas. Here, utilities are abundant and available at a lower cost than in Texas’ larger cities.
Research Valley Tax Profile, 2012 ↓
| Real & Personal Property Tax Rates (Per $100) | College Station | Bryan |
|---|---|---|
| Brazos County Tax | $0.485 | $0.485 |
| City Tax | $0.4475 | $0.6364 |
| School District Tax | $1.309 | $1.29 |
| Total per $100 Value | $2.2415 | $2.41 |
| State & Local Taxes | ||
|---|---|---|
| Sales & Use Tax Rate | 6.25%-State | 2.0%-Local |
| Inventory Tax | Double Freeport Exemption | |
| Income Tax | No State Income Tax |
Research Valley Tax Exemptions↓
Businesses who locate in The Research Valley can take advantage of additional cost saving options and tax exeptions through various state and local incentive programs available.
| TAX EXEMPTIONS | RESEARCH VALLEY TEXAS |
|---|---|
| Corporate income tax | No |
| Municipal license tax | No |
| Individual income tax | No |
| Freeport inventory tax exemption | Yes |
| State Sales & Use tax exemption | Yes |
| Federal individual income tax | Yes |
| State/Commonwealth property tax | No |
| Relief from taxes on products and goods-in-transit | Yes |
| Tax exemption on electricity/natural gas used in manufacturing, processing or | Yes |
| Tax credits for machinery and equipment | Yes |
| Economic incentive exemption period | 10-years |
| Real estate and infrastructure development incentives | Yes |
| Job creation and training grants | Yes |
| Site of incorporation for U.S. tax treatment | U.S. company |
State & Local Tax Incentives↓
| STATE OF TEXAS |
|---|
| Texas Enterprise Fund |
| Skills Development Fund for training |
| Texas Enterprise Zone Program |
| Texas Product Development Fund |
| Permit assistance |
| Innovation and Research Programs |
| Texas Emerging Technology Fund |
| Cancer Prevention and Research Institute of Texas Grant |
| RESEARCH VALLEY |
|---|
| Land grants/r educed property prices |
| Real and personal property tax abatements |
| Cash incentives |
| Utility incentives (negotiated or discounted price) |
| Fast-track permitting |
| Waiver of development fees |
| Research and Development grants |
| Freeport exemption and goods-in-transit incentives |
| USDA Business & Industry Guaranteed Loan assistance |
| Assistance with accessing state incentive programs |
Susan Vestal