Crockett Economic & Industrial Development Corporation
In 1995, the voters of Crockett approved a one-half percent sales tax earmarked to promote economic growth in the area. CEIDC was created to administer and oversee the expenditure of those funds. The funds are used to offer attractive incentive packages to qualified businesses interested in locating or expanding an operation in Houston County.
CEIDC is a 4A Sales Tax Corporation. As such, the activities of CEIDC are governed by Texas State Law as it pertains to such corporations. The Office of the Attorney General produces a handbook - Economic Development Handbook for Texas Cities (2008), which provides detailed information on how 4A corporations are established and operate.
CEIDC has the power to:
- Offer aggressive Incentive Packages to attract new businesses to Crockett
- Negotiate with the local, state, and federal governments to provide financial assistance to your company
- Submit tax abatement applications to the city and county to reduce your initial investment in establishing a facility in the area