Economic Development Transparency
The Town of Addison focuses on efforts to stimulate and grow the local economy by promoting and retaining high-quality development to improve the quality of life for its citizens. Economic incentives may be granted on a case-by-case basis to encourage positive development and redevelopment within the community. Incentives may also be provided to promote employment opportunities and capital investments that will have a positive impact on the strategic economic development of the community. The ultimate goal and public purpose of economic development programs is to protect and enhance the Town’s fiscal ability to provide high-quality municipal services for the safety, comfort, and enjoyment of its residents.
Economic Incentive Information for the Fiscal Year Ended September 30, 2023
- Number of tax abatements/rebates granted in FY23: 0
- Number of tax abatement/rebate agreements in effect during FY23: 2
- Estimated taxes abated/rebated in year one of active agreements: $318,650
- Estimated taxes abated/rebated in year one of active agreements per capita*: $17.98
- Estimated taxes abated/rebated for life of active agreements: $2,432,398
- Number of jobs created/retained by active agreements to date: 1,800
- Total capital investment received for active agreements to date: $114,900,000
*Based on a population of 17,721. Source: 2023 North Central Texas Council of Governments Estimate
Visualizations
Downloadable Data
Details about the Town of Addison's incentive agreements such as agreement types, recipients, and estimated value of incentives are summarized in the Town of Addison Economic Development Incentives FY 2023(XLSX, 24KB).
380 and 381 Contracts
View our 380 and 381 agreements on the Texas Comptroller's Database
Government Reports and Guidelines for the Town of Addison