Already the home of nationally-recognized research institutions like UT-Southwestern and UT-Dallas; Fortune 500 firms like Texas Instruments, Kimberly-Clark, and Southwest Airlines (Dallas County has the fourth-largest concentration of Fortune 500 corporate headquarters among counties in the U.S. and actually has more of these headquarters than 39 states); the Dallas Federal Reserve Bank; major operations centers for JP Morgan Chase, Citicorp, and Capital One; regional distribution centers for Frito-Lay, Whirlpool, and Wal-Mart; and an active and innovative small business community, Dallas County is committed to ensuring that the phenomenal economic growth that occurred over the past several decades continues into the future.
Towards this end, Dallas County is a leader in regional transportation with a program that provides about $30 million a year in thoroughfare improvement funding. It was also responsible for helping create the North Texas Tollway Authority and DART, which is the Dallas area's transit authority and whose light rail system is larger than either Boston's or Philadelphia's.
The County has established one of the largest county open space systems in the state with the system now containing almost 3400 acres of environmentally unique land, and it is now helping build a comprehensive trail system (over 100 miles presently exist in the County) so that it will be possible to travel from neighborhoods to major employers, retail areas, entertainment areas, universities, light rail stations, and parks without the use of a car.
Dallas County operates a community development block grant (CDBG) program in sixteen of its smaller cities so that these cities can have sound infrastructure and housing, and in conjunction with the City of Dallas, it also created the first consolidated city-county job training program in Texas.
Dallas County has one of the lowest property tax rates in the State. Its fiscal policies and management practices have allowed it to be regarded as one of the best run counties in the country by Governing magazine, and it is one of only a few counties in the United States to have a "AAA" bond rating from both Moody's and Standard & Poors.
To help further facilitate economic development, Dallas County provides strategic tax abatements, it participates in tax increment finance (TIF) districts, it nominates projects to the Texas enterprise project program, and it supports the formation of foreign trade zones. In addition, it, along with the Dallas County Hospital District, also offers the freeport tax exemption on goods that leave the State within 175 days.
Copies of the County's tax abatement policy, TIF policy, and foreign trade zone policy are available below on this website as are the annual status reports on the County's participation in TIF districts and its tax abatement projects.
For additional information about the County's economic development activities and on how to request tax abatement, TIF, enterprise project, or foreign trade zone assistance, please contact Rick Loessberg, the County's Director of Planning & Development, at (214) 653-7601.