The mission of the Kilgore Economic Development Corporation (KEDC) is to maintain and increase the tax base of the city of Kilgore, Texas, and the number of permanent jobs for Kilgore citizens.
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.
Any proposal from KEDC is contingent upon the company qualifying for assistance under KEDC’s guidelines for credit worthiness. It is understood that the company must provide KEDC and its credit advisors all of the necessary information to make this determination.
Application for Incentives
(PDF file)
Taxation Incentives
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 meeting the following:
Financing Incentives
The following information is provided in order to give an accurate account of available Financing Incentives for the City of Kilgore. Additional more detailed information is available by contacting the Kilgore Economic Development Corporation.
Job Training Incentives
The following information is provided in order to give an accurate account of Job Training Incentives for the City of Kilgore. Additional more detailed information is available by contacting the Kilgore Economic Development Corporation.
Loan Incentives
The Texas Economic Development Bank provides flexible funding and oversight of finance and tax incentive programs targeting three key audiences: Texas businesses, Texas communities and Texas lending institutions. The Bank's task is to provide globally competitive, cost effective state incentives to expand businesses operating in the state and to businesses relocating to Texas.
