Economic Incentives

The benefits of doing business in McKinney are felt at the local and state levels.

Guaranteed Incentives

  • No personal income tax
  • No corporate income tax
  • Texas corporate franchise (margins) tax is among the lowest in the country at 2% or below
  • Texas is a right-to-work state; both Texas and McKinney are largely non-union
  • Texas has one of America's most equitable legal system after multiple rounds of TORT reform to protect corporations against frivolous lawsuits
  • Texas has one of America's most business-friendly regulatory atmospheres
  • Collin College offers local employers specialized training for the employee base

McKinney Business Assistance Based on Approval

  • City of McKinney tax abatements
  • Direct financial incentives in the form of forgivable loans
  • Emerging technology
  • Enterprise zones
  • Regional airport program
  • Triple Freeport "inventory" Tax Exemption

State of Texas Business Assistance Based on Approval
  • Texas Enterprise Fund
  • Texas Emerging Technology Fund
  • Financing
  • Grants
  • Tax incentives
  • Workforce Development
  • Spaceport Trust Fund