Business Incentives

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General Purpose and Objectives of Incentives

The City of Southlake is committed to an ongoing improvement in the quality of life for its citizens through the attraction and retention of high quality development that drives a dynamic and sustainable economic environment. Southlake will, on a case-by-case basis, consider providing inducement packages as a stimulus for economic development activity including business attraction, relocation and retention.

The City has established the following policy documents that provide additional information about public investment criteria and guidelines:   

  1. Guiding Principles
  2. Criteria
  3. Target Industries
  4. Eligible Activities
  5. Exclusionary Factors
  6. Investment Tools
  7. Other Financial Policies
  8. ROI Considerations
  9. How to Apply
  10. Process

In carrying out its economic development objectives, the City of Southlake will adhere to the following guiding investment principles to best determine the strategic investment of its resources in eligible projects:

  • Project supports comprehensive plan implementation
  • Project will retain, expand, or attract targeted industries
  • Project will contribute to a top-tier workforce by retaining or expanding daytime population and preferred job types
  • Project includes preferred quality of life benefits such as open space preservation and project enhancements
  • Public investment is performance-based and considers reasonable return on investment via direct financial return and other indirect benefits
  • Investments will be made into projects sponsored by a financially-viable company in good legal standing with the City and State
  • Project will make a unique or unequaled contribution to development or redevelopment efforts in the City of Southlake, due to its magnitude, significance to the community or aesthetic quality

Please Note: All public investment will be considered on a project-by-project basis by applying the guidelines in this policy statement. The City is not obligated to make any investments. In considering whether or not to provide investment in a project and if so how much, the City will take into account assistance made by private sources to support the project locating in the City. The guidelines in this policy statement are only applicable to projects for which a completed Request for Investment Application has been submitted to the City’s Economic Development Department. These guidelines are subject to change, and any changes will be applied to all projects for which a final Economic Development Investment Agreement has not yet been approved by the City Council.