BEDCO offers a competitive package of incentives including cash grants, low-interest loans, workforce training aid, and assistance with infrastructure. Each project is analyzed according to to its capital investment and number/quality of jobs. In some cases we will have a third party perform an Impact Analysis to determine the potential of the project or development. Incentives are incorporated into a Performance Agreement between the parties.
All Performance Agreements must be ratified by the Bonham City Council. Executive Director, Gayle Cooper will be happy to meet with you and go through these incentives regarding your second-stage or national project: commercial, office or industrial.
City of Bonham Incentives
The City of Bonham grants certain property tax abatements on a scheduled, percentage basis based on capital investment and the value of the project to the city. These may be matched by Fannin County should the project equally benefit the County.
State of Texas Incentives
The State of Texas aggressively pursues investment. Several programs are available to ensure you will make Texas the home for your enterprise. The full menu of state incentives is available through the Governor's Office of Economic Development and Tourism www.gov.texas.gov/business