Tailored, project-based incentives to spur commercial and retail development.
Municipality Agreements
Chapter 380 of the Local Government Code authorizes municipalities to offer incentives designed to promote economic development such as commercial and retail projects. Specifically, it provides for offering loans and grants of city funds or services at little or no cost to promote state and local economic development and to stimulate business and commercial activity.
The City of Abilene has established a program to implement these incentives, via the creation of a Neighborhood Empowerment Zone downtown.