The City of Denton, in collaboration with the Denton Economic Development Partnership, promotes the growth of Denton’s economy by encouraging targeted development and redevelopment.
Incentives are a tool for attracting and encouraging high-quality jobs and investment in the City.
Economic development incentives are negotiated on a case-by-case basis with new and expanding businesses subject to the qualifications, conditions, and requirements of the City of Denton’s Chapter 312 Tax Abatement Policy and Chapter 380 Policy , recommendation by the Economic Development Partnership Board, and the approval of the Denton City Council.
The City of Denton has entered into 51 economic development incentive agreements since initiation of the City’s incentive program.
These agreements take the form of tax abatement agreements authorized under Chapter 312 of the Texas Tax Code and grants authorized under Chapter 380 of the Local Government Code.
The City also considers the use of other tools, such as public improvement districts and tax increment reinvestment zones, in accordance with City policies.
The City is committed to transparency and accountability in all economic development activities.
Since 1999, approximately 9,112 local jobs have been retained or created by companies who have entered into an incentive agreement with the City of Denton
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Analysis: This retained record is a bounded snapshot of what the approved source reported on the stated date. Readers should consult the complete source and later official updates before relying on timing, scope, cost, outcomes, or effects on a specific person or property; those questions require separate, current evidence.