The City has several local incentive programs to assist in a variety of desired activities and investments.
Local Incentives
Corpus Christi B Corporation (Type B) »
The purpose of Type B Incentive Fund is to provide 50% for economic development, specifically the promotion and development of new and expanded business enterprise to the full extent allowed by Texas law. Provide up to $500,000 annually on affordable housing, and balance of proceeds to be used for the construction, maintenance and repair of arterial and collector streets and roads. The fund consists of .125% of the City’s Sales Tax which is administered by the Type B Board appointed by the City Council. This program is administered by the CCREDC and to apply please contact the Corpus Christi Regional Economic Development Corporation.
Corpus Christi Business & Job Development Corporation (Type A)
The purpose of the Business and Job Development Incentive Fund (Type A) is to provide economic development grants and/or loans to eligible companies seeking to create or retain jobs and invest in Corpus Christi. The Fund consists of 0.125% of the City’s Sales Tax, which is administered by a Board appointed by the City Council. This program is administered by the CCREDC. To apply, please contact the CCREDC.
Development Agreement
The City of Corpus Christi will, on an individual basis, give consideration to providing economic incentives to an applicant in accordance with the policies and procedures as authorized by Chapter 380 of the Texas Local Government Code. This program is administered by the CCREDC. To apply, please contact the CCREDC at the information listed below.
Industrial District Agreement »
An Industrial District Agreement contractually protects companies located in the designated district from annexation and City requirements such as permitting and platting in exchange for a Payment in Lieu of Taxes (PILOT). The State of Texas gave cities the authority to create Industrial Districts in their extraterritorial jurisdiction through the Municipal Annexation Act, and later the Local Government Code §42.044. Corpus Christi has maintained Industrial Districts since 1980. This program is administered by the City and CCREDC. For more information, please email industrialdistrict@cctexas.com.
Small Business Start-up Guide »
When starting a business, there are many important decision to make and many rules and procedures that must be considered. While there is not a single source of information for starting a business, we do have a start-up guide to get you on the right path for starting a business.
Tax Abatements »
The growth, sustainability, and diversity of a regional economy are critical goals to the long-term prosperity of a community and its citizens. Communities must strategically plan and implement policies and incentive programs to achieve these goals. Corpus Christi’s Tax Abatement Guidelines demonstrate a pro-business environment to help attract, retain and expand targeted industries, increase employment and high-wage jobs, expand the tax base, and create long-term capital investment and new wealth opportunities in the community. This program is administered by the CCREDC. To apply, please contact the CCREDC at the information listed below.
Tax Increment Reinvestment Zone #2 – The Island »
In 2000, the City of Corpus Christi created Tax Increment Reinvestment Zone #2 (TIRZ #2), in the City’s Padre Island. This TIRZ is primarily used for infrastructure projects on the island at or near the Packery Channel and is administered by City Staff.
Tax Increment Reinvestment Zone #3 – Downtown »
In 2008, the City of Corpus Christi created Tax Increment Reinvestment Zone #3, in the City’s downtown. This program is administered in partnership by the City, CCDMD and CCREDC.
Tax Increment Reinvestment Zone #4 – North Beach »
TIRZ #4 spans along the Bayfront from the Rincon Channel at the north end, south to the USS Lexington, adjacent to the Texas State Aquarium, and west to the Port of Corpus Christi. Learn more about TIRZ #4 by viewing agendas, memos, videos and presentations to City Council, located here.
Tax Increment Reinvestment Zone #5 - BoCo
In 2020, a Developer requested a Tax Increment Reinvestment Zone (TIRZ) in the City’s Westside called Bohemian Colony at SPID & Crosstown and City Council approved the creation of the TIRZ. The Project & Financing Plan provides infrastructure related reimbursements of up to $17 million for the establishment of streets, drainage, water and sewer connections as well as a 10-acre Park. Bohemian Colony will become the home of 220-acre residential, multifamily, hospitality and commercial development property.
Opportunity Zones
Opportunity Zones »
The U.S. Treasury Department gave final approval of the designation of more than 600 Opportunity Zones submitted by Texas Governor Greg Abbott, including nine Census Tracts in Nueces County.
Memorial Hospital -Morgan Avenue - Port Avenue –Agnes-Laredo Corridor
Downtown/Uptown/Northside
48355006300
North Beach/Port of Corpus Christi
South Padre Island Drive – Nile – Oso Bay
Greenwood Avenue – Port Avenue – Horne Road - Baldwin Avenue
South Staples – Norton Street – Ayers Street – Balwin Avenue
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State & Federal Incentives
For more information about the State and Federal Incentives, please contact the CCREDC.
- Texas Enterprise Zone
- Texas Enterprise Fund
- Skills Development Fund
- Texas Emerging Technology Fund
- Foreign Trade Zone »
