Economic Development Programs & Incentives
The Brays Oaks Management District (BOMD) is actively seeking investors and businesses who are starting, expanding or relocating businesses in the Greater Houston Area and are looking for a location and business environment that fits their business objectives.
Recent Dunn & Bradstreet reports demonstrate that there are substantial unmet opportunities in the District for a variety of retail businesses, including full service restaurants, general merchandise, clothing and clothing accessories, building materials and supplies, office supplies, gifts, sporting goods, books, electronics and appliances, and lawn and garden supplies.
The District is situated inside the Beltway 8 Toll Road which offers excellent access to Hobby Airport, Port of Houston and Bush Intercontinental Airport. Direct access to the Texas Medical Center & Downtown and Uptown/Galleria via 610 Loop and to the Fort Bend County communities and business parks by way of U.S. 59, the Southwest Freeway.
The BOMD has a workforce of 50,000 highly motivated men and women trained in a wide variety of professions and skills. Over one-third of these workers are multi-lingual.
Business Climate and Support
The BOMD works with businesses to find locations that are best suited to their opportunities and needs. When needed, the District staff provides population and demographic data for defined trade areas. The District welcomes new businesses with publicity and recognition programs.
Incentives and Tax Credits
A variety of federal, state and local incentive programs and tax incentives are available to investors and businesses that qualify including:
- Federal EB-5 Program
- Texas Skills Development Fund
- Texas Small Business Employee Training Program
- Texas In-State Tuition Incentives
- Texas Self-Sufficiency Fund
- Texas Enterprise Zone Program
- Texas Research & Development Tax Credit
- Texas Sales & Use Tax Exemptions
- Texas Franchise Tax Exemptions & Reductions for Business Relocations
- City of Houston Chapter 312 Property Tax Abatement
- City of Houston Chapter 380 Agreements
- City of Houston Freeport Tax Exemptions
If you have any questions regarding Incentives or Tax Credits listed above please contact us.
The Brays Oaks Management District, in conjunction with other area districts, hosted a SBA Workshop on Thursday Nov 8 at the HBU campus at McNair Hall, 7502 Fondren. The U.S. Small Business Administration makes “the American dream of business ownership a reality by empowering entrepreneurs and small business owners with the resources and support they need to start, grow, expand, and recover.”
The SBA helps these small businesses in 4 main areas:
- Providing free business advising and mentoring, plus low cost workshops through SBA resource partners SCORE, Small Business Development Centers, and the Women’s Business Center.
- Helping small businesses gain access to federal contracts in a variety of ways, including the 8(a) Business Development Program.
- Helping small businesses find the capital that is needed to start or grow.
- Assisting business as well as homeowners, renters, and non-profits to recover after a declared natural disaster through direct low interest loans.
Review the presentation from the event to learn more.