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.
Development Corporation of Abilene (DCOA) Business Incentives
Texas Enterprise Fund (TEF)
Texas Skills Development Fund
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.
President & Chief Executive Officer
Executive Vice President & Chief Operating Officer
Vice President | Business Development
Vice President | Business Retention and Expansion
Specialist | Business Attraction
Specialist | Economic Development