Incentives
In Andrews, progress, unity and community support have never been lacking. The spirit of cooperation and collaboration is still the prevailing attitude. With the 4A sales tax funds, tax abatement incentives in place, the establishment of the South Business Park with easy access to both U.S. Hwy 385 and State Hwy 176, the West Business Park and access to numerous state and federal incentive programs, Andrews is a community in motion. Andrews is a forward-looking city with infrastructure, abundance of land, low operational costs and ease of conducting business that makes Andrews the notable standout as the West Texas city for companies seeking success.
Local and State Incentives
Established Local Incentives
- Sales Tax for Economic Development
- Free Land in the new Business Park South (South U.S. Hwy 385)
- Free Land in the existing and developed Business Park West (Loop 1910)
- Tax Abatement Incentives (up to 7 years at 100%)
- Educational/Job Training programs from Permian Basin Workforce Development Board
- Technical assistance from the Small Business Development Center
- No development fees
- Assistance with Infrastructure
- Access to regional training and development services
- Expedited permitting process
Community Based Incentives could include
- Job fairs to attract employees
- Residential real estate assistance
- Community orientation, introductions and tours
- Community welcome and announcements/press conference coordination
- Identification of business support services
State Incentives
- Texas Enterprise Fund
- Skills Development Fund
- Self-Sufficiency Fund
- Texas Enterprise Zone Program
- Texas Capital Fund Infrastructure Program
- Texas Capital Fund Real Estate Development Program
- Rural Municipal Finance Program
- Sales and Use Tax Exemptions
- Freeport Exemption
- Franchise Tax Credits for Economic Development
- Permit Assistance
- Economic Development and Diversification
- In-State Tuition for Employees
- Texas Industry Development Loan Program
Incentives Downloads
Tax Abatement
Property in Andrews County is appraised at market value by the Andrews County Central Appraisal District. The City of Andrews, Andrews County and the Andrews County Hospital District offer abatement of the property tax for the value added to real property by construction, renovations, additions, or personal equipment to qualified businesses located within the designated Reinvestment Zone.
Tax Abatement Downloads
Local and State Tax Information
| 2018 Tax Rate (per $100 of Assessed Value): | |
| City of Andrews: | 0.18900 |
| Andrews County: | 0.51570 |
| Hospital District: | 0.484550 |
| Andrews ISD*: | 1.20 |
| Total: | 2.389250 |
*(Tax Abatement not available from the Andrews Independent School District)
| Other Taxes: | |
| City Sales Tax Rate: | 1.50% |
| Economic Dev. Tax: | 0.5% |
| State Sales Tax Rate: | 6.25% |
| Total: | 8.25% |
State Franchise Tax: 4.50%/2.50% (per $1,000 net taxable income/taxable capital)
Texas has no corporate or personal income tax.
Bonds
The State of Texas Industrial Revenue Bond Program (IRB) is designed to provide tax-exempt or taxable financing for eligible industrial or manufacturing projects as defined in the Development Corporation Act of 1979 (Act). The Act allows cities, counties, conservation and reclamation districts to form non-profit industrial development corporations (IDCs) or authorities on their behalf. The purpose is to provide bonds for projects within their jurisdictions.
The IDC acts as a conduit through which monies are channeled. Generally, bond debt service is paid by the business under the terms of a lease, sale or loan agreement. As such, it does not constitute a debt or obligation of the governmental unit, the IDC or the State of Texas.
The Andrews Economic Development Corporation has the ability to issue Industrial Revenue Bonds for specific projects that have a positive economic benefit to Andrews.