Premier Industrial Space for Lease or Purchase. Attractive 78,000 sq. ft. flex space facility with steel frame construction. The exterior is split face concrete block, glass store front and metal. Located within Synergy Park at Elder Lake; Kilgore's newest, campus style industrial park. Strategically located just two miles south of Interstate 20, on US Highway 259. 120 Miles east of Dallas and 60 Miles west of Port of Shreveport-Bossier.
30 foot bays with 8 dock-high doors
Grade doors optional with room for additional 10
Building clear height is 26'6" in rear and 30'6" in front
Drive-up asphalt parking in front with 116 spaces
Located within Foreign Trade Zone
120' concrete truck court in rear
Building depth is 167'
Summary of Local and State Economic Incentives
The mission of the Kilgore Economic Development Corporation (KEDC) is to enhance a business climate that is conducive to job creation and retention, improving the standard of living of Kilgore residents.
Economic Development Corporation Incentives
The KEDC Board of Directors oversees the use of local economic development funds. The members will work with interested parties on the use of these funds as an incentive for locating or expanding in Kilgore, Texas. An incentive reimbursement is dependent on the number of jobs and payroll created as well as the amount of the company investment in Kilgore. KEDC is committed to utilizing all state and local incentives for which the company qualifies.
Triple Freeport Tax Exemption
Freeport Tax Exemption is granted by three of the four taxing entities in Kilgore: the City of Kilgore, Kilgore College and Kilgore Independent School District, entities which represent 88 percent of the property tax imposed on inventory.
Gregg County, which represents 12 percent of the local ad valorem taxes here, is proactive toward industry and may consent to another incentive with any company that could off-set the impact of the county's Freeport Tax.
Ad Valorem/Real and Personal Property Tax Abatements
Tax abatement on real and personal property improvements may be granted by all taxing entities except Kilgore Independent School District. The company must meet requirements associated with the value of capital improvements and either job creation or payroll increases maintained throughout the term of the agreement. The City of Kilgore will create a reinvestment zone and adopt a tax abatement agreement with companies.
Foreign-Trade Zone with Alternate Site Framework Designation
The U.S. Department of Commerce recently approved the modification of Gregg County’s Foreign-Trade Zone to provide a new benefit for businesses. The new designation, the Alternate Site Framework, is the first of its kind in the nation and will allow companies located within Gregg County to secure Foreign Trade Zone status for warehousing and distribution operation within approximately 30 days, faster than the usual timeframe. Manufacturing companies benefit from the streamlined procedures as well.
Access to State of Texas Incentives
Kilgore will vigorously pursue incentives available at the state level, including:
SKILLS DEVELOPMENT FUND
Grants are provided to help companies and labor unions form partnerships with local community colleges and technical schools to provide custom job training.
TEXAS ENTERPRISE ZONE PROGRAM
Upon a community designating a business as an enterprise project, and upon that project’s designation being approved by the state, the business would be eligible for: State Sales and Use Tax refunds dependent on investment amount and number of jobs created/retained.
