Kilgore is flanked by Longview, Texas which is the headquarters for a number of industrial and manufacturing plants. In addition, the close proximity of Longview, Texas makes Kilgore appealing to businesses owners wanting to expand their business, yet still have access to the business sector of Longview, Texas. In addition, to enjoying a healthy economy, Longview Texas has a number of university and college facilities which are well used by residents of Kilgore, such as the University of Texas. With Longview, Texas being easily accessible from Kilgore, many organizations opt to develop their businesses in Kilgore.
Kilgore Economic Development Corporation is located in the city of Kilgore, Texas, and is neighbored by Longview. Texas has been stated to be the greatest state for business in the United States and Kilgore is lucky to be an expanding community peopled by a genuinely hardworking and future-looking population. For businesses considering relocating and increasing the size of their enterprises Kilgore EDC can supply a wide range of commercial property premises, tax incentives and the services of an experienced staff in a hurry to help new businesses to succeed in Kilgore.
Kilgore EDC was started on 1 October 1990 and this 4A corporation has a five member board to supervise operations and two full time staff positions. The main purpose of Kilgore EDC is to maintain and grow the tax base of Kilgore and to create new value-added full time positions for homeowners and to make sure the retaining of current full time jobs. Kilgore EDC endeavors to get new manufacturing companies and industries to the city of Kilgore with the listing of available commercial property, financial incentives and an available electrically skilled work force. The strategic focus of Kilgore EDC is to encourage, help and financially assist the retention and expansion of Kilgore's existing companies and industries. The corporation will also offer assistance to small business owners to move from Longview or other neighboring cities to the city of Kilgore, Texas, and are able to provide quite a few small to medium size commercial property selections for contemplation.
Kilgore EDC watches over the use of local economic development funds and members of the business work with keen parties on making use of these funds as an incentive for changing their business's location from Longview, Texas and increasing business and industry and making use of the great commercial property available in Kilgore. In this manner Kilgore EDC helps with activities contributing to the quality of day-to-day life in this part. Any presentation from Kilgore EDC is pivotal upon corporations qualifying for help under KEDC's guidelines for credit assurance. Tax abatement on commercial property improvements may be given by all taxing entities with the exception of Kilgore Independent School District. Moving businesses taking up the offer of commercial property must meet the requirements associated with the value of capital growth and either job creation or payroll increases within the time frame of the agreement.
Kilgore EDC could give a new enterprise wanting to take up a selection of commercial property as a Texas Enterprise Zone Program project and on getting the nod by the state the enterprise would be entitled to tax refunds on building materials, machinery and equipment plus electricity and natural gas purchased in the normal course of business. The professional staff of Kilgore EDC will be happy to revert with listings of many other incentives to newcomers or relocations from Longview, Texas wishing to use the commercial property on offer. Once C.B. Buckley founded the future city of Kilgore and C.M. Joiner discovered oil, natural gas and oil continue to play an important bit in the economy of Kilgore, solidifying a diversified industrial base where 16% of positions are in the industrial sector.
