The Colony and The Colony Economic Development Corporation (TCEDC) provide incentives for qualified projects in accordance to guidelines that encourage economic growth and expansion. We consider projects on a case-by-case basis.
TCEDC provides economic development incentives by contract to selected applicants, subject to procedural requirements set forth in contract along with applicable federal, state and local laws. Nothing in these guidelines shall imply or suggest that the City or TCEDC is under any obligation to provide any economic development incentive to any applicant.
The purpose of this policy is to establish guidelines for providing economic development incentives. Notwithstanding these guidelines the City and TCEDC retain the right to take any action allowed by law without the necessity of amending these guidelines.
Customized Incentive Package to Foster Development
TCEDC provides competitive financial incentives to companies that invest in The Colony. Qualified applicants may receive individualized packages to expedite and facilitate their development projects in a way that will offset costs.
The City encourages a business-friendly environment that fosters sustainable economic development that adds value to the community.