Business Retention & Expansion Program (BREP)

The Business Retention and Expansion Program is an incentive program intended to assist local businesses who are interested in expanding their business either through additional capital investment, hiring additional personnel or some combination thereof. Incentives may take the form of monetary grants, tax rebates, development fee reimbursements or other monetary or non-monetary assistance. The program is also intended to help retain companies who may be contemplating leaving San Angelo or expanding in another location.The program is funded through the ½ Cent Sales Tax, approved by voters for economic development. It is governed by State Law, specifically Chapters 501 through 505 of the Texas Local Government Code.By State law ½ Cent Sales Tax funds may only be utilized for the retention or creation of Primary Jobs, defined as jobs at companies which help infuse new dollars into the local economy and which are included in certain industry Sectors as shown below.

Eligible Industry Sectors

Crop Production
Animal Production
Forestry & Logging
Mining
Manufacturing
Wholesale Trade
Transportation & Warehousing
Information
Securities, Commodity Contracts, Financial & Relate Activities, Insurance Carriers, Funds, Trusts & Other Financial Vehicles
Scientific Research & Development Services
Management of Companies & Enterprises
Telephone Call Centers

Possible Incentives

Cash Grants For Job Creation
Property Tax Rebates
Development Fee Reduction
Financial Assistance
Rebates For Certain Construction Related Costs
Business Training & Workforce Training
Referrals to Other Available Resources

For additional information contact Nora Nevarez.

Business Retention & Expansion Program (BREP)