Brazoria County has a direct incentive program, which may be used to provide cash grants to qualifying projects and companies. If the company is eligible, the direct incentives are based on a number of factors including total job creation and wages, capital investment, the financial strength of the applicant, the applicant's business history, and an analysis of the relevant business sector.
Requirements:
Minimum Number of Primary Jobs: 100
Minimum annual average salary: 50% of the City’s average Household Income
Minimum Capital Investment: $15 million (new construction) and $3.25 million (leasing tenants)
Minimum Square Footage Lease: (Leasing Tenants): 25,000
Credit Rating: “A”
Duration: Maximum of 10 Years
Minimum Annual Rate of Return: 10.5 %
Direct incentives require a performance agreement with the company and are based on the assumptions used to determine the incentive.