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Financial Services

The Amarillo EDC Financial Services division provides financing and consulting services to qualified area businesses in an effort to enhance the local economic environment and encourage development in the region. The Financial Services division provides various financing products and services in part through its relationship with the Texas Panhandle Regional Development Corporation (TPRDC). A comprehensive list of services is below. If you don't find the information you are looking for, please call us at (806) 379-6411or (800) 333-7892.

 

AMARILLO EDC FINANCIAL SERVICES

GRANTS

Job Creation Incentive Grant (JCIG) - grants provided to incentivize primary full-time employee job creation on a sliding scale, based on the economic impact on the community. For more information, please contact us.  

Economic Development Administration (EDA) grant - grants available through the U.S. Department of Commerce EDA. Our staff can assist you in applying for these grants on behalf of your business. For more information, please contact us.

Amarillo Enterprize Challenge - a local business plan competition administered by the West Texas A&M University Enterprise Center in which qualifying companies can apply for a share of up to $500,000 in grant money. For more information, click here.

Workforce Training - funding for workforce training for skills development from the Texas Workforce Commission or the Amarillo EDC is available for qualifying projects.  For more information, please contact us.

INTEREST REBATES

Small Business Interest Rebate (SBIR) - enables small businesses to receive assistance for bank loans. To view and/or print the full SBIR brochure, please click here.

LOANS
Industrial Revenue Bond (IRB) - a city-issued bond that takes the form of a loan to a company from a private financing entity to build or buy a facility or buy land and/or equipment. For more information, please contact us.
Small Business Administration (SBA) 504 Loan - Click the link for more information.

City of Amarillo Community Development Micro-Loan - Click the link for more information.

TAX ABATEMENTS/CREDITS/EXEMPTIONS

Freeport Exemption - exempts certain types of tangible personal property from taxation that is 1) acquired in or imported into Texas and will be forwarded out of state; 2) detained in Texas for assembly, storing, manufacturing, processing, or for fabricating purposes by the person who acquired or imported it; and 3) transported out of state within 175 days after the date the person acquired or imported it into Texas. For more information, please contact us.

New Market Tax Credit - provides tax credit incentives to investors for equity investments in certified Community Development Entities, which invest in low-income communities. For more information, please contact us.

Tax Abatement - the Amarillo EDC will support a client’s application for tax abatement from participating taxing entities up to the maximum amount allowed by law for manufacturing facilities. For more information, please contact us.

ZONING

Texas Enterprize Zone - an economic development sales tax incentive partnering the state and local government to help local employment and support business investment. As a business grows, it is eligible to apply for a state sales tax refund based on job creation and retention. For more information, please contact us.

Foreign Trade Zone (FTZ) 252 - FTZ 252 in Amarillo benefits local companies conducting business internationally and allows import/export activity more expediently and at a reduced expense. For more information, please visit this page.