Read verified reviews from business owners, find state/local incentives, and understand key decision data.

Target Industries

Advanced Manufacturing

Back Office & Professional Services

Healthcare & Life Sciences

Tax Rates

Sales Tax: The sales tax rate is 8.25%, which is equivalent to $8.25 per $100.

 

Corporate Income Tax: Texas does not impose a state corporate income tax, resulting in a rate of 0%.

 

Property Tax: The property tax rate varies, but for the purpose of this response, a typical rate might be around 2.20%, or $2.20 per $100 of assessed value.

Reviews

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Business Incentives

Development Corporation of Abilene (DCOA) Business Incentives

The DCOA offers various incentives for businesses looking to expand or relocate in Abilene, including tax abatements, grants, and low-interest loans. These incentives are designed to support job creation, capital investment, and the overall economic growth of the city.

Texas Enterprise Fund (TEF)

The TEF is a financial incentive tool for the state to attract new businesses and assist the expansion of existing businesses. It focuses on projects that offer significant projected job creation and capital investment where a single Texas site is competing with other viable out-of-state options.

Texas Skills Development Fund

This program provides local customized training opportunities for Texas businesses and workers to increase skill levels and wages of the Texas workforce. The fund is administered by the Texas Workforce Commission, and businesses of all sizes can apply for grant funding to train their workforce with local educational institutions.

Business Climate Overview

Abilene, Texas, is strategically located in the central part of the state, providing easy access to major highways such as Interstate 20, which runs east-west through the city. This prime location not only offers connectivity to the Dallas-Fort Worth metroplex, approximately 150 miles to the east, but also to other significant city centers and markets within Texas and neighboring states. Its geographical positioning makes it an accessible and attractive spot for businesses and residents alike.

Demographics: Abilene boasts a diverse and skilled workforce, with a population characterized by a mix of age groups, including a significant number of young professionals. The city's demographic profile supports a variety of industries and contributes to a dynamic local economy. The workforce is bolstered by graduates from local educational institutions, ensuring a steady supply of skilled labor.

Wages: The median household income in Abilene is around $50,000, while the median rent for housing stands at approximately $900. These figures indicate an affordable cost of living, making the city an attractive place for both individuals and families looking to relocate for work or business opportunities.

Key Industries: Abilene's economy is supported by a diverse set of industries, including healthcare, education, manufacturing, and retail. The city is also home to a significant military presence, with Dyess Air Force Base contributing to both the local economy and community. Additionally, Abilene's strategic location has fostered growth in logistics and distribution services.

Quality of Life: Abilene offers an exceptional quality of life, with a variety of recreational and outdoor activities available to its residents. The city boasts numerous parks, walking trails, and lakes, providing ample opportunities for hiking, fishing, and camping. The vibrant downtown area features a range of dining, shopping, and cultural attractions, including museums, galleries, and live music venues, enhancing the living experience in Abilene.

Education: The city is home to several higher education institutions, including Abilene Christian University, Hardin-Simmons University, and McMurry University. These institutions not only contribute to the local workforce's educational profile but also engage in research and development activities that benefit the broader community and economy. Additionally, Texas State Technical College West Texas offers a range of technical and vocational programs that support the city's key industries.

Businesses: Abilene hosts a variety of businesses, ranging from local startups to established corporations. Top companies in the city span various sectors, including healthcare, with Hendrick Health System being a major employer, as well as manufacturing and retail. The presence of Dyess Air Force Base also adds a significant economic dimension to the city, supporting a range of service and defense-related businesses.

Economic Development Organizations: The Abilene Industrial Foundation and the Abilene Chamber of Commerce are key players in the city's economic development. These organizations work collaboratively to attract new businesses, support local enterprise growth, and enhance workforce development initiatives. Their efforts are crucial in fostering a business-friendly environment and promoting economic prosperity in Abilene.

Map

Abilene, TX image

Our Team

Misty Mayo photo
Misty Mayo

President & Chief Executive Officer

Julie Johncox photo
Julie Johncox

Executive Vice President & Chief Operating Officer

Brock New photo
Brock New

Vice President | Business Development

Lindsay Dennis photo
Lindsay Dennis

Vice President | Business Retention and Expansion

Ashley Whitmer photo
Ashley Whitmer

Specialist | Business Attraction

Sevie Schonerstedt photo
Sevie Schonerstedt

Specialist | Economic Development

Media

  • Abilene, Texas named top 8 in the country for Economic Development in cities under 200,000

FAQ

Abilene provides various incentives for businesses looking to relocate or expand, including tax abatements, grants, and workforce training programs. The Development Corporation of Abilene (DCOA) offers specific programs like the Business Expansion Incentive Program, which assists businesses in expansion projects that create jobs.
The Abilene Small Business Development Center (SBDC) offers resources such as business planning, loan assistance, and educational workshops. The Abilene Chamber of Commerce also provides networking opportunities and business support services.
The lack of state corporate income tax allows businesses in Abilene to retain more of their profits, which can be reinvested in the business or used for expansion. This is complemented by a relatively lower franchise tax rate.
Abilene's economy is diverse, with key industries including healthcare, education, manufacturing, and government services. The presence of institutions like Hendrick Health System and educational establishments offer opportunities for businesses in related sectors.
Abilene's location along key transportation corridors like Interstate 20 and US Highway 83 provides easy access to major markets. Its proximity to Abilene Regional Airport also facilitates business travel and cargo transport.


Abilene offers workforce development initiatives through the West Central Texas Workforce Development Board. Programs focus on skills training and job placement assistance, benefiting both employers and job seekers.
Abilene's quality of life, marked by cultural richness, educational institutions like Abilene Christian University, and affordable living, makes it attractive for businesses and their employees. This environment fosters a stable and satisfied workforce.
The Development Corporation of Abilene, located in Abilene, Texas, is a local organization dedicated to economic development. It focuses on:

  1. Attracting new businesses.
  2. Supporting and expanding existing businesses.
  3. Job creation.
  4. Enhancing overall economic health.