While some communities in many states provide incentives for retail development, the State of Texas and the City of Tyler currently do not have any available incentive programs for retail operations. The primary reason behind this decision mainly involves the economic impact retail facilities have on a community. Though they do provide an improved quality of life, increased tax revenues, and improve the property tax base on and/or near the operation, sales collected at these locations often are sent to a headquarters based in another state and rarely are re-invested to expand the operation or provide above-average wages to local residents. To this extent, most retail, but not all, cause local dollars to flow out of our economy.
The Texas Municipal League has assumed editing and publication of the Economic Development Handbook. The publication, originally prepared by the Texas attorney general’s office, had become out-of-date. League staff, as well as several recognized legal experts, have updated the handbook and posted it online. It will be updated following each session of the Texas Legislature. The publication is only available online and can be downloaded in PDF format.