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Mr. Adam Gawarecki, Denton Economic Development Partnership, Vice President 414 W

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Mr. Adam Gawarecki, Denton Economic Development Partnership, Vice President 414 W Mr. Adam Gawarecki, Denton Economic Development Partnership, Vice President 414 W. Parkway Denton, Texas 76202 www.dentonedp.com [email protected] Phone Number: (940) 382-7151 Locate Since 2006, Denton has ranked in the top 25 of the nation?s fastest growing cities with populations of 100,000 and more. Why? Because Denton offers everything your business needs to relocate and expand. Logistical Advantage Denton is positioned at the convergence of I-35 East and West ? the nation?s primary NAFTA interstate highway ? and within minutes of the industrial Fort Worth Alliance Airport and Dallas/Fort Worth International Airport. Quality Workforce Denton?s 50,000+ college students and customized workforce training partnerships provide the sustainable, talented, and steady pipeline of skilled talent that companies need to innovate and grow. Competitive Tax Climate Denton has a business-friendly regulatory system and no corporate or personal income tax. Progressive Incentives Denton can offer an array of competitive local and state incentives to the right companies ? those that create jobs and drive innovation as they do business in our community. Reliable, Cost-Competitive Energy Denton Municipal Electric (DME), Denton?s community-owned electric provider, offers outstanding reliability and cost- competitive, stable rates. DME also leads the nation with more wind power per capita than any other city; 40% of its energy comes from renewable resources. Quality of Life Life outside the office just doesn?t get any better. Denton offers an engaged, high- quality lifestyle at a low cost of living in a diverse community where anyone can feel at home. In fact, Business Insider ranked Denton the #1 Best Small Town in America ! 2 Major Employers The City of Denton is home to many successful businesses. It?s sophisticated, cooperative community, thriving in a pivotal part of the major metropolis of Dallas/Fort Worth. Located at the merge of Interstate 35E and 35W, Denton provides access to the nation, and, via DFW International Airport, the world. Denton recognizes the importance of industry in community planning and the positive impact of industry growth. Companies such as Peterbilt Motors, Jostens, Southwire/United Copper Industries, Acme Brick, ESAB/Victor Technologies and Sally Beauty Company have called Denton their corporate headquarter or primary manufacturing home for many years, embracing the attractive demographics for their employees, clients and business. Major Private Employers Company Name Description Employees Peterbilt Motors Class 8, Medium Duty Trucks 2,314 Texas Health Presbyterian Hospital Healthcare 1,076 Denton Medical City - Denton Healthcare 950 Sally Beauty Company, Inc Distribution of professional beauty supplies 950 Safran Electrical & Power Design and production of aeronautical electrical systems 750 Flowers Baking Company Bakery of Natures Own, Cobblestone Mill & Sun Beam breads 480 Readerlink Distribution 450 Jostens, Inc. High School, College, & Championship Ring Production 450 Manufacture, assemble, and distribute gas cutting and welding ESAB Victor Technologies 450 apparatus and gas flow regulators Design, manufacture, sale/lease of liquid food packaging Tetra Pak Materials, L.P. 425 materials and processing systems Major Public Employers: Company Name Description Employees University of North Texas Higher Education 4,533 Denton Independent School Education 4,417 District Texas Woman's University Higher Education 1,778 Denton State Supported Living Provide services for people with Intellectual Disabilities 1,700 Center Denton County Management of Denton County 1,681 City of Denton Management of the City of Denton 1,623 FEMA ? Texas National 594 constant up to National Processing Center for FEMA ? Region 6 Processing Service Center 1,100 Denton County MHMR MHMR authority of Denton County 393 Piece rate contract packaging, small assembly, re-work, Progressive Industries 240 cutting tubing, mail assembly, and product fulfillment A list of Major Employers in Denton, TX provided by emailing [email protected] . 3 Available Incentives The Denton Economic Development Partnership (EDP) promotes the growth of Denton?s economy by encouraging targeted development and redevelopment. Incentives are a tool for attracting and encouraging the right types of projects for Denton. Economic development incentives are negotiated with new and expanding businesses on a case-by-case basis subject to the qualifications, conditions, and requirements of the City of Denton?s Tax Abatement and Incentive Policy and the approval of the Denton City Council. The City's Tax Abatement and Incentive Policy is available here for your review . The City's Incentive Application Form is also available here . If you have any questions, please call (940) 349-7776. Tax Abatement (City and County) New or expanding businesses may be considered for a City of Denton property tax abatement. Read the full City of Denton Tax Abatement and Incentive Policy here and the application is here . Once a project is approved for a City of Denton tax abatement, it qualifies to apply for a Denton County tax abatement; the County?s policy and application are available here . Chapter 380 Agreement Denton can create alternative or custom incentives using its authority under Chapter 380 of the Texas Local Government Code to make loans or grants of public money to stimulate business or commercial activity. Read the full City of Denton Tax Abatement and Incentive Policy here . Denton Municipal Electric Economic Growth Rider Due to the City of Denton?s ownership of its own electric company, we have the ability to offer qualifying new and expanding industrial and commercial customers a five-year sliding scale reduction to their monthly demand billing. Find full details here . Industrial Revenue Bonds The City of Denton has a nonprofit industrial development corporation authorized to issue tax-exempt or taxable revenue bonds under Texas? Development Corporation Act of 1979. Eligible projects must promote the development or expansion of manufacturing facilities in Denton. Triple Freeport Tax Exemption Denton is a triple freeport zone, with Denton County, the City of Denton, and the Denton Independent School district participating in inventory tax exemptions for certain products shipped in and out of state in 175 days. Read full details and download the application here . Foreign Trade Zone (FTZ) Denton County is a pre-approved FTZ county under the U. S. Foreign Trade Zones Board?s Alternative Site management framework under the Dallas/Fort Worth FTZ #39. Any business located in Denton County is eligible for expedited FTZ zone status process. Click here for more information. Downtown Reinvestment Grant and Signage, Paint, or Façade Improvement Grant Denton promotes its unique character and culture through redevelopment and revitalization of Downtown. The Downtown Reinvestment Grant is a reimbursement program to assist downtown projects with façade improvements, roof and foundation repair, new signs and awnings, reimbursement of impact fees, and utility upgrade costs. The Signage, Paint, or Façade Improvement Grant is available to reimburse businesses for small signage, paint and/or façade improvements. 4 State of Texas Incentives and Services State government provides tax incentives, financing assistance, and an array of services to help companies establish or expand in Texas. Two of the most-used programs at the Texas Enterprise Fund and the Skills Development Fund ; a full list of state programs is available here . 5.
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