Incentives Offered
Revolving Loan Fund: The City of Emory Development Corporation participates in the Rural Business Enterprise Grant (RBEG) program administered through the USDA. The purpose of the program is to allow us to offer small business support through a revolving loan program. This program allows local small businesses to apply through our office for loans at a low interest rate in which credit approval is not required. For more information on this program, please contact us at 903-473-2465 ext. 112.
Abatements: Abatements are granted to real property owners who execute a tax abatement agreement with the city. The purpose of tax abatement is to encourage the growth and establishment of industry and commercial enterprise in the city. All tax abatements will be negotiated with the applicant and granted or denied by resolution of the Emory City Council and will be reviewed annually to assure all provisions of the agreement are being met prior to abatement being granted for a given tax year.
Signage or Facade: The City of Emory Economic Development Corporation has established the Facade Improvement Grant Program, which will provide technical and financial assistance to property owners or business tenants seeking to renovate or restore their exterior signage, lighting or commercial building facades. The grant is designed to impact properties in need of revitalization, resulting in the improved exterior, visibility and presentation of a business. The grant is not deigned to subsidize corrections to building code violations that prolong the life of a commercial property.
For information on other incentives or to request a specific incentive, please contact our office at, 903-473-2465 ext. 112.