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Yes, the City of Texas City operates Foreign Trade Zone (FTZ Number 199). The Foreign Trade Zone Act was created to expedite and encourage foreign commerce in the United States. Merchandise of every description may be held in the zone without being subject to customs duties and other ad valorem taxes.
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The Texas City Economic Development Corporation (TCEDC) is a non-profit corporation created for the purpose of promotion and development of new and expanding businesses within the City of Texas City. The TCEDC was established in April 1993 as a 4A Corporation, utilizing a ½ cent sales tax that was approved by the voters of Texas City. The administration of the corporation is vested in a board of directors and staff. The City of Texas City Commission appoints the board of directors. The TCEDC's operating and capital budgets are approved by the City of Texas City Commission as well.
The TCEDC facilitates economic development through a variety of instruments including:
Yes, a variety of economic development incentives can be offered to businesses that qualify. For more information regarding economic development incentives available in Texas City, visit our Local Incentives and State Incentives page.
If you are planning on locating a business in the 6th Street Revitalization District, a variety of incentives are available to include: paint assistance, awning assistance, improved signage, and TCEDC owned buildings. Please visit our Local Incentives Page for further information.
Yes, our team stands ready to assist you in every step of finding a location for your business within the City of Texas City.