AGENDA CAPTION:
Title
Consider approval of Resolution 2025-127R, nominating Midway Development Group to the Office of the Governor, Economic Development and Tourism, through the Economic Development Bank as an enterprise project pursuant to the Texas Enterprise Zone Act; and declaring an effective date.
Body
Meeting date: August 5, 2025
Department: City Manager's Office
Amount & Source of Funding
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Funds Available: Click or tap here to enter text.
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Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
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Economic Vitality
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Fiscally Responsible Incentives for Economic Development
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The Texas Enterprise Zone program is an economic development tool for local communities to partner with the State of Texas to encourage job creation and capital investment in economically distressed areas of the state. Designated projects are eligible to apply for state sales and use tax refund on taxable items. The level and amount of refund is related to the capital investment and jobs created and/or retained at the qualified business site. For a business to receive state tax incentives under the Texas Enterprise Zone Program, the local community must nominate it for enterprise project designatio...
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