The City of Oak Ridge North takes pride in offering a business-friendly environment. The City of Oak Ridge North and the Oak Ridge North Economic Development Corporation (a Type B EDC) work with businesses to provide both logistical and financial assistance in relocating to or remaining in Oak Ridge North. Business incentives packages are developed on a case-by-case basis through evaluation of factors such as the projected economic impact to the city, number of jobs created, estimated property and sales tax revenue to the city and other tangible and intangible benefits to the city and our residents. Our “tool belt” for customizing an incentive package may include:
• Chapter 380 Agreement
• Sales Tax Phase-In
• Tax Increment Reinvestment Zone (TIRZ)
• Freeport Tax Exemption
• Infrastructure Participation
• Development Fee Waivers
• Public Improvement District (PID)
• Other Non-Cash Incentives
Montgomery County Economic Development Incentive Policies
The Commissioners Court of Montgomery County, Texas recognizes the importance of economic vitality in our community and partners with ORNEDC to both attract and retain our businesses.
Texas is “Wide Open for Business!” and the ORNEDC stands ready to help businesses navigate the economic incentives available from the State of Texas.