he Greenville Board of Development use the following economic tools to assist progressive, quality companies expand or relocate to Greenville. Each incentive packages is negotiated on a case-by-case basis and will be based on job creation, the average wage and gross annual payroll generated, and capital investment.

Economic Development Sales Tax (4A)
In May 2002, the citizens of Greenville adopted a one-eight of one percent sales tax that allowed the City of Greenville to increase funding for economic development. These funds can help existing companies expand and new companies relocate to Greenville. Uses of these funds can be used to purchase land and buildings, infrastructure upgrade and placement; and training and education.

Tax Abatement
The City of Greenville is committed to promoting and retaining high quality development in all parts of the city. On a case-by-case basis, the city, county, and hospital district will consider grating tax abatement on the appraised value of real property improvements and business personal property in accordance with the City’s guidelines and criteria for granting tax abatement.

Brokers' Incentive Policy
The Board of Development shall pay a registered broker/realtor a 5% incentive on land valued up to $1 million and a 4% fee on land valued over $1 million (based on the lesser value of the fair market value of land or the claw back price in the closing contract) for locating a business on land owned by the Greenville Board of Development or the Greenville Economic Development Corporation. This incentive shall be paid when a certificate of occupancy is issued per the requirements of the completion agreement between the Greenville Board of Development and the company.

Enterprise Zone
Greenville has a designated Enterprise Zone for the purpose of tax abatements. Qualified companies located within the Zone may apply for local and state incentives.

Industrial Revenue Bonds
The Industrial Development Corporation can issue taxable and tax-exempt bonds to finance land and depreciable property for eligible industrial and manufacturing projects.

Tax Increment Financing
Greenville will consider using Tax Increment Financing to finance needed public improvements in a defined area. The cost of public infrastructure improvements to the area is repaid by the contribution of future tax revenues by each taxing unit that levies against the property.

Texas Capital Fund
Under the State of Texas, Department of Agriculture guidelines, grants and/or loans may be awarded to help finance the installation of infrastructure for companies that commit to create and/or retain permanent jobs for low and moderate income persons.

Skills Development Fund
Through the Texas Department of Economic Development and the Texas Workforce Commission an in cooperation with industry and the local community college, this fund assists business by designing, financing, and implementing customized job training programs.