Incentives

We at LEDC offer a variety of incentives from Local LEDC Incentives to connections with State and Federal incentive opportunities.

Local LEDC Incentives

LEDC Loan Program

The LEDC's Loan Program is intended to increase the availability of credit otherwise not available based on normal lender underwriting criteria due to the newness of the business, lack of equity, collateral valuation or other problems.  The program is not intended to refinance existing debt nor absorb the risks associated with a weak or poorly managed business.

APPLY HERE!

Chapter 380 Agreements

The LEDC can (in conjunction with the City of Linden) create programs under Chapter 380 of the Local Government Code for loaning and granting public money to promote state or local economic development and stimulate business and commercial activity within the municipality. Contact the Executive Director of the LEDC for more details at lindenedc@gmail.com or call (903) 756-7774.

Tax Increment Financing (TIF)

TIF programs are designed to identify under-performing real estate in the City, develop redevelopment plans, work with private developers to implement these plans and reinvest a portion of property tax revenues generated from new real estate development into the area to encourage the implementation of the redevelopment plan.  The creation of a reinvestment zone requires approval of the Linden City Council.

LEDC Grant Programs

APPLY HERE!

LEDC Visibility and Signage Improvement Grant

The VSIP grant program provides technical and financial assistance to property owners or business tenants seeking to improve their exterior signage, lighting, or overall commercial building visibility. VSIP can provide a matching grant of up to $5,000 with 20% participant match for the funding of well-designed improvements, including approved signage, which will coordinate all the important features of the storefront into a more attractive image while creating, if necessary, an accessible entrance for the public. Contact the LEDC Executive Director for an application.

LEDC Capital Improvement Grant

The CIP program provides financial assistance to business owners for equipment purchases that will increase sales and/or create jobs.  The purpose of the CIP program is intended for equipment related directly to the business enterprise, such as kitchen equipment or CNC machinery or other such industry-specific, special-purpose equipment. The CIP program is not designed for purchase or installation of generic office equipment or supplies or equipment that represent facility-related equipment that is suffering from deferred maintenance, such as HVAC, plumbing, or electrical equipment. Contact the LEDC Executive Director for an application.

Other Local Incentives

Main Street Facade Grants

If you are interested in opening your business in our historic Main Street district, there are both facade grants and sign grants available.  These are administered by the Linden Main Street Board. Contact the Main Street Manager at City Hall at lindenmainstreet@outlook.com or call (903) 756-7502 for an application..

Property Tax, Water/Sewer, and Fee Abatements

The City of Linden can offer abatements on city property taxes, water/sewer services, and general fees.  These abatements are offered on a case-by-case basis.  Contact the City Administrator at lindencity@outlook.com or call (903) 756-7502 for more information.

AtCOG SBA 504 & Revolving Loan Services

Ark-Tex Council of Governments offers several loan programs designed to help economic development projects. The purpose of funding is to support business and retain jobs in the region.  For more information, contact the LEDC Executive Director at lidnenedc@gmail.com or call (903) 756-7774.

Small Business Development Center

The Small Business Development Center (SBDC) is a critical resource available to potential and existing small business owners.  The SBDC offers one-on-one counseling on business startup, loans nd financing, financial statement analysis, marketing, accounting and recording, sales, advertising, business planning, and management.  Contact the LEDC Executive Director at lidnenedc@gmail.com or call (903) 756-7774 for more information.  Also, check out their website at https://www.ntcc.edu/sbdc.

State and Federal Grants

USDA Rural Development Grant

This is a revolving loan fund to make loans to small and emerging businesses in form of loans for expansion, startups and/or working capital in Linden.  The loans are given at a low, competitive interest rate.  This grant is given as it is available.

State Capital Fund

The State Capital Fund supports rural business development, retention and expansion by providing funds for public infrastructure, real estate development or the elimination of deteriorated conditions.

Texas Enterprise Zones

Texas communities may nominate companies in their jurisdiction to receive an Enterprise Zone designation and thus be eligible to receive state sales and use tax refunds on qualified expenditures by submitting an application on the company's behalf.  Companies must contribute information to the application packet where required.  Companies must meet minimum capital investment thresholds and create and/or retain residents, or veterans.  Contact the LEDC Executive Director at lidnenedc@gmail.com or call (903) 756-7774 for more details.

Qualified Opportunity Fund Tax Incentives

Linden, Texas is a designated Qualified Opportunity Zone.  Corporations and partnerships looking to make capital investments here may be eligible for self-certification as Qualified Opportunity Funds in order to provide tax benefits to investors.  Contact the IRS or the LEDC Executive Director for more information on this program.

Contact

(903) 756-7774

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