The City of Dallas Office of Economic Development actively partners with qualified projects that are looking to expand or relocate. Our goal is to provide qualified projects a competitive incentive offer that matches each project’s needs and merit.
NORTH AMERICA'S DEVELOPMENT CENTER
The City of Dallas has established programs to help companies expand and relocate to Dallas, supporting opportunities that create jobs and significant investment. This program is set up to provide assistance only for projects where such assistance is necessary to stimulate private investment. Projects in Target Areas are provided special consideration.
A Tax Increment Financing district (TIF) is a special purpose district; a way for the City of Dallas to reinvest added tax revenue from new development back into the area where it originated. The TIF program is used to finance new public improvements in designated areas. The goal is to stimulate new private investment and thereby increase real estate values. Any increase in tax revenues (caused by new development and higher property values) is paid into a special TIF fund to finance improvements. Potential improvements include wider sidewalks, utilities, public landscaping, lighting, environmental remediation, demolition, and historic facades.
A Public Improvement District (PID) is a special assessment area created at the request of the property owners in the district. These owners pay a supplemental assessment with their taxes, which the PID uses for services above and beyond existing City services. The assessment allows each PID to have its own work program, which may consist of eligible activities such as marketing the area, providing additional security, landscaping and lighting, street cleaning, and cultural or recreational improvements.