Economic Development Transparency

The Economic Development Transparency page is provided in an effort to increase transparency in the area of economic development and inform taxpayers about programs and incentives supported by tax dollars that are designed to attract industry and investment, create jobs and otherwise grow the economy. The City of Jersey Village strives to be an open government in all areas and is working to further develop information published for public viewing in the areas of finance, economic development, and debt obligations.

For more information on the City's designated Transparency pages, please visit our Transparency page.  

For more information on the Texas Comptroller's efforts to encourage transparency among local governments, please visit their web page at https://comptroller.texas.gov/transparency/local/.  

You can find any Economic Development Corporation Reports from around Texas on the Texas Comptroller of Public Accounts web page. 

Economic Development Summary

The City of Jersey Village is dedicated to achieving the highest quality of development, infrastructure, and quality of life for its citizens. Enhancing our local economy helps us to meet these objectives. Economic Development incentives are a vital component of how to grow our economy, because of the competitive nature of economic development not just from other communities locally, but throughout the state, country, and world. Jersey Village has a “pro-business” philosophy which is designed not only to attract high quality companies but to retain them as well. Furthermore, the City works to negotiate “win/win” incentive agreements, fully understanding the need for a fair and reasonable return on investment for our taxpayers on any agreement.

It is the City’s policy to attract new business and encourage new investments by utilizing Chapter 380 grants, as authorized by the Chapter 380 of the Texas Local Government Code, and Tax Abatements, as authorized by Chapter 312 of the Texas Tax Code. 

Tax Abatements

As of the end of the 2022 Fiscal Year the City has no tax abatement agreements, and has had no tax abatement agreements for the previous five fiscal years. 

Here is a visualization of the number of tax abatements the City has granted in the previous fiscal years. Click for larger version.

Click here for the Government Accounting Standards Board Summary of Statement 77 - Tax Abatements Disclosures information. As the city does not have any Tax Abatements this information is not included in our annual financial audits.

The City of Jersey Village does not have an Economic Development Corporation. 

Chapter 380 Grant Agreements

Below is the information for each active Chapter 380 Agreement the city has in place as of September 30, 2022. Details pertaining to each grant is provided below. Click on the company name to view the agreement. 

Here is a table showing how much has been paid out by fiscal year in aggregate for the agreements.

Here is a visualization of the number of Chapter 380 agreements the City has granted in the previous fiscal years. Click for larger version.

Downloadable data on Tax Abatements and Chapter 380 Agreements

Jersey Village Economic Development Incentive Guidelines

Texas Comptroller of Public Accounts Economic Development Corporation Report search tool

Tax Increment Reinvestment Zones

The City created Tax Increment Reinvestment Zone Number 2 in July 2017 and Tax Increment Reinvestment Zone 3 in March 2021. Tax Increment Reinvestment Zones (TIRZs) are special zones created by City Council to attract new investment in an area. These zones help finance costs of redevelopment and promote growth in areas that would otherwise not attract sufficient market development in a timely manner. Taxes attributable to new improvements (tax increments) are set-aside in a fund to finance various projects as approved in the TIRZ Plan.

The City is also required to submit an Annual Report on the TIRZ to the state. You can view the TIRZ Plan and Annual Reports by clicking on the appropriate link below.

Master Development Agreements

As of September 30, 2022 the City has no active Master Development Agreements.