The Lindale Economic Development Corporation (LEDC) and the City of Lindale are dedicated to driving economic growth and fostering a supportive environment for businesses. With a range of incentives tailored to meet diverse needs, Lindale offers financial tools, grants, and community-based resources to help businesses succeed. Whether you’re starting, expanding, or relocating, our tax and incentive programs are designed to reduce costs, enhance profitability, and ensure long-term growth.
Our Mission: Empowering Business Success
The LEDC’s primary focus is to attract significant capital investment and create high-quality primary jobs in Lindale. To achieve this, the LEDC provides free, confidential site location services and partners with businesses to address their unique needs. Infrastructure assistance is also available for large-scale commercial developments, ensuring a seamless transition for businesses of all sizes.
Local Incentive Programs
Lindale’s tax abatement program defers property taxes on new plant and equipment investments, reducing costs for expanding businesses. Abatements are considered on a case-by-case basis, subject to approval by the Lindale City Council.
Eligible Projects:
- Manufacturing facilities
- Distribution facilities
- Corporate offices
- Research parks
- Major tourism attractions
Minimum Requirements:
- $1 million in capital investment or
- Annual payroll increase of $400,000 or
- Creation of 25 new full-time jobs
Note: Tax abatements are not offered within designated TIF Zones.
Under Chapter 380 of the Texas Local Government Code, the City of Lindale provides grants and loans to encourage business activity. These agreements are customized to meet business needs and align with the city’s economic goals. Eligibility requirements mirror those for tax abatements.
The Freeport Exemption exempts certain types of tangible personal property, such as inventory, from property taxes if transported out of Texas within 175 days.
Eligible Property:
- Goods acquired in or imported into Texas for assembly, storage, manufacturing, or processing
- Inventory transported out of state within the 175-day timeframe
Note: Oil, natural gas, and petroleum products are not eligible for this exemption.
Lindale’s TIF Reinvestment Zones support infrastructure improvements in key areas.
- TIF #2: Covers 263 acres around I-20, including the Lindale Industrial and Business Parks.
- TIF #3: Focuses on downtown Lindale.
Developers can finance infrastructure projects upfront and be reimbursed through taxes generated by their developments.
Managed by the Tyler Economic Development Council, the SCRLF provides loans for businesses that create or retain jobs in Smith County.
Eligible Uses:
- Working capital
- Equipment and machinery purchases
- Land and building development
Loan Details:
- Maximum loan amount: $200,000
- Minimum loan amount: $50,000
- Interest rate: Fixed, slightly above the national prime rate
- Loan terms: Up to 25 years for assets; five years or less for working capital
Community-Based Assistance
Lindale provides a variety of resources to support businesses and their employees:
- Relocation assistance for key personnel
- Job fairs to attract local talent
- Community orientation, including tours and introductions
- Non-financial residential real estate assistance
- Media-worthy groundbreaking events
- Identification of business support services
State Incentive Programs
Known as Texas’s “deal-closing fund,” the TEF supports projects that demonstrate high economic impact through job creation, capital investment, and community benefits.
Administered by the Texas Workforce Commission, this fund provides grants to community and technical colleges to finance customized job training for businesses. Training costs average $1,000 per employee, ensuring businesses have a skilled workforce tailored to their needs.
TEZP allows qualified projects to apply for state sales and use tax refunds based on capital investment and job creation. Businesses located in Lindale can work with the LEDC to file applications and meet program requirements.
Federal Incentive Programs
SBA 504 Loan Program
Available through the Greater Texas Capital Corporation in Tyler, the SBA 504 program offers long-term, fixed-rate financing for major fixed assets.
Typical Project Structure:
- 50% private-sector loan
- 40% SBA-backed junior lien loan
- 10% business equity contribution
Businesses must create or retain one job for every $35,000 in SBA funding. Maximum funding is $1.3 million.
Tailored Incentive Packages
Incentives are customized to meet the unique needs of each business. Factors such as job creation, capital investment, wages, and alignment with Lindale’s targeted industries determine the size and scope of incentive packages. The LEDC, City of Lindale, and Tyler Economic Development Council work collaboratively to design solutions that drive success.
Take the Next Step
Lindale’s robust incentives and tax programs are designed to help businesses thrive. Contact the Lindale Economic Development Corporation today to explore how we can craft a package that aligns with your goals and supports your success.
Incentives Disclaimer
Please note that incentives are not offered for every project. Incentives typically require approval from one or more boards or commissions. The Lindale Economic Development Corporation (LEDC) and the City of Lindale will work with each applicant to determine the specific needs of the applicant and tailor an incentive package to that company's particular needs.