EDC Programs and Incentives
La Feria EDC welcomes new business growth. Find your future location right here with us.
Economic Tools & Incentives
Our goal is to provide just the right amount of incentives to meet the needs of businesses looking to locate in Cameron County, promoting job creation for our residents while adding to our tax base to support the governmental functions of our county.
Tax
Abatement
Tax Increment (TIRZ)
Freeport Tax Exemption
Opportunity Zones
Chapter 381 Agreements
Economic Incentives
A Message from the Director of La Feria Economic Development Corporation
Dear Prospective Partners,
At La Feria Economic Development Corporation, we believe that the future belongs to those who are bold enough to build it. Our city is on the cusp of incredible growth, and we are excited to extend a warm invitation to visionary developers and business leaders to be part of our journey.
La Feria is more than just a location on the map; it’s a community with heart, ambition, and a clear vision for the future. We are energized and ready to embrace new opportunities, with the full backing of our local government and community leaders who are committed to fostering an environment where businesses can thrive.
Our growth is your opportunity. As we continue to expand, we are eager to partner with businesses that share our passion for progress. Whether you’re considering breaking ground on a new project or expanding your current operations, La Feria offers the ideal setting to realize your goals. Our strategic location in the thriving Rio Grande Valley, coupled with our commitment to supporting businesses through tailored services and incentives, makes La Feria the perfect place for your next big move.
We are ready, willing, and excited to work with you. Together, we can create something extraordinary in La Feria—a place where your business can grow, prosper, and become an integral part of our vibrant community.
Let’s take this opportunity to build something great. Welcome to La Feria, where the future is bright, and the possibilities are endless.
Warm regards,
Frank Rios,
Jr Director, La Feria Economic Development Corporation
We Offer
Economic Tools & Incentives
Tax Abatement
A tax abatement is a local agreement between a taxpayer and a taxing unit that exempts all or part of the increase in the value of the real property and/or tangible personal property from taxation for a period not to exceed 10 years. Chapter 312 of the Texas tax code created the ability for Texas jurisdictions to offer this incentive to developers.
TIRZ (Tax Increment Reinvestment Zone)
A tax increment reinvestment zone (T.I.R.Z.) is a political subdivision of a municipality or county in the state of Texas created to implement tax increment financing. They may be initiated by the city or county or by petition of owners whose total holdings in the zone consist of a majority of the appraised property value. Tax Code Chapter 311 governs tax increment financing.
Chapter 381 Agreements
In Texas, Chapter 381 of the Local Government Code authorizes municipalities to offer incentives designed to promote economic development, such as commercial and retail projects in the form of loans and grants or city funds to stimulate business and commercial activity.
Assistance with State Economic Incentives
La Feria EDC is focused on helping businesses grow. We support our business community by finding available grants or programs that will help them develop our community.
Opportunity Zones
Our goal is not just to grow but to be thoughtful in our plan. Our development opportunity zones receive special focus so we cannot only grow but also improve our quality of life.
