Business Incentives

Liberty Hill established a Business Incentive Program to help attract new businesses and offer them support in the critical early stages. The program provides performance-linked funds for new or expanding businesses within Liberty Hill and its extraterritorial jurisdiction. Applications are evaluated based on job creation, capital investment, per-capita wage comparisons, community impact, and other qualifying criteria.

Some of the incentives available include

Chapter 380 Agreements

The City of Liberty Hill can offer incentives designed to promote economic development such as commercial and retail projects by offering loans and grants of City funds or services at little or no cost to promote state and local economic development and to stimulate business and commercial activity.

Property Tax Abatements

The Liberty Hill City Council can approve personal and real property tax abatements to qualified companies.

Sales Tax Rebates

Texas businesses may be exempt from paying state sales tax on the purchase of manufacturing machinery and equipment, on equipment and other expenses for Data Centers reaching certain thresholds, and on natural gas and electricity for companies using these resources in creating a tangible personal property.

Triple Freeport Exemption

By Texas law, a taxing entity may choose to offer the Freeport exemption for various types of goods held in Texas for a short time. The City of Liberty Hill, Williamson County, and the Liberty Hill Independent School District offer the exemption, creating a Triple Freeport Zone in the City of Liberty Hill.

Business & Industry Guaranteed Loans (B&I)

The B&I program provides guarantees for loans made to businesses that save or create jobs in rural areas. Borrowers may be individuals, partnerships, cooperatives, for-profit or nonprofit corporations, Indian tribes, or public bodies, and the program is open to new and existing businesses.

Foreign Trade Zone

As an area within the U.S. designated by the federal government as outside of U.S. Customs territory, Foreign Trade Zones encourage investment and the creation of local jobs by allowing U.S. businesses to operate with equal customs treatment to business conducted off-shore.

This enables a reduction in customs duties and fees and achieves benefits for the import and export of goods. The Foreign Trade Zone of Central Texas, Inc., is the grantee of FTZ 183.

Skills Development Fund

The Texas Workforce Commission funds Texas' premier job-training program providing training opportunities for Texas businesses and workers. The program relies on collaboration among businesses, public community and technical colleges, Workforce Development Boards, and economic development partners.

Texas Capital Fund

This supports rural business development, retention, and expansion by providing funds for public infrastructure, real estate development, or the elimination of deteriorated conditions, such as downtown revitalization.

Texas Leverage Fund

The program allows communities to leverage future sales tax revenues to support economic development projects that promote business expansion, recruitment, and exporting.

Texas Enterprise Fund

An economic development tool for local communities to partner with the State of Texas to encourage job creation and capital investment in economically distressed areas of the state.