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Incentives

Lowry Crossing City Hall
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How Can We Assist You

The Lowry Crossing EDC and the City of Lowry Crossing are committed to supporting business in our community. There are City, EDC, County, and State incentives available to certain businesses. Let us know how we can assist you in developing your business in Lowry Crossing.

City and EDC Incentives
  • Tax Abatements
  • Funds Assistance with Septic/Water Requirements
County Incentives

Collin County is committed to the promotion of quality development in all parts of the County and to improving the quality of life for its citizens. They works closely with municipal EDCs to provide a variety of incentives. In order to help meet these goals, Collin County will consider providing the following incentives to stimulate economic development:

  • Tax Abatements – Business development projects may be offered county tax abatements based on their potential commercial impact and benefits, in accordance with their Tax Abatement Policy.
  • 50/3 Plan – New and expanding businesses may qualify for incentives offsetting county ad valorem taxes based on their 50/3 Policy
  • Tax Increment Reinvestment Zone (TIRZ) – Collin County may consider participation in municipal Tax Increment Reinvestment Zones based upon their TIRZ Policy.
State Incentives

The State of Texas is a strong encourager of business. Texas law is focused on creating an environment where businesses can thrive and employees want to live. Services provided by the State of Texas are easily accessible online, putting this user-friendly and time efficient resource at the finger tips of Texas businesses.

For information, statistics and incentives related to doing business in Texas, download Texas: Wide Open for Business or visit the State of Texas Division of Economic Development & Tourism home page.