Incentives


In addition to the other benefits businesses located in The Woodlands enjoy, there are numerous financial incentives for doing business here. These include:

  • Freeport Tax Exemption: City of Oak Ridge North, City of Shenandoah, Conroe ISD, Montgomery County, Montgomery County Hospital District and The Woodlands Township offer property tax exemptions on goods-in-transit. Items that are in the state for less than 175 days may be exempt from inventory property tax assessment.

  • Job Tax Credits: Employers that hire targeted workers may be eligible for two federal tax credits and a state tax refund, with a maximum credit of $8,500 per employee (over two years). Targeted workers include AFDC/TANF, Food Stamp and SSI recipients.

    • Work Opportunity Tax Credit & Welfare-to-Work Tax Credit

    • State of Texas Refund for Employers of AFDC/TANF* Clients
      *AFDC (Aid to Families with Dependent Children), TANF (Temporary Assistance to Needy Families).

  • Tax Abatement: Montgomery County, The Woodlands Township, as well as the cities of Oak Ridge North and Shenandoah, offer abatement of the property taxes on improvements for those who qualify. The taxes can be abated for up to 10 years, depending on the number of jobs created and the amount of investment.

  • Tuition Waivers: Companies that create jobs for which they must recruit employees from outside Texas may be eligible for a waiver of out-of-state tuition at state colleges and universities for those relocating employees and their family members.

  • Workforce Development & Recruitment

    • Lone Star College System - offers a variety of corporate training and continuing education programs as well as customized and grant-based training. In addition, Lone Star College - Montgomery will host company- and industry-specific job fairs.

    • Skills Development Fund is a state-level grant program that funds customized job training for relocating and expanding businesses.

    • Workforce Solutions, the Gulf Coast Workforce Board's career center, offers pre-screening, testing and employee-matching services to local employers.

Get more details on the financial advantages and the growth-oriented business environment of The Woodlands and South Montgomery County, Texas from The Economic Development Partnership.