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Economic Development
Welcome to Haltom City – The City of Many Flavors and Endless Opportunity
At the heart of the Dallas-Fort Worth metroplex, Haltom City is a vibrant, culturally rich community —from our residents and local businesses to the incredible array of cuisines that define us as the City of Many Flavors. The Economic Development Department is dedicated to supporting business growth, attracting new investment, and fostering a thriving local economy. With centrality in the DFW region and direct access to major highways, airports, and freight corridors, Haltom City offers the ideal location for any businesses to connect, grow, and succeed.
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BUSINESS INCENTIVES
The Haltom City Economic Development Department has a variety of resources available to prospective businesses who are looking for a place in the center of the DFW metroplex to call home. A list of common incentives is provided below for reference. If you have any questions regarding incentives or any of the programs highlighted below, please contact:
Robert Briggs, Director of Economic Development, via email or by calling 817-222-7746.
The Haltom City Tax Abatement Program exempts the value of improvements for up to 10 years on the construction of a new facility or for real expansion/modernization of an existing facility. Minimum requirements include an investment of at least $2.5 million and the creation and sustainment of at least 10, new, full-time jobs.
For additional information, or to discuss opportunities, please contact Robert Briggs, Director of Economic Development, via email or by calling 817-222-7746.
The City of Haltom City is committed to the promotion of high quality development in all parts of the City and to an ongoing improvement in the quality of life for its citizens. Because these objectives are generally served by the enhancement and expansion of the local economy, the City Council, on a case-by-case basis, give consideration to providing incentives to stimulate economic development in the City.
Nothing herein shall imply or suggest that the City of Haltom City is under any obligation to provide Economic Development Assistance Grants to any applicant. All applicants shall be considered on a case-by-case basis, and the decision to approve or deny assistance grants shall be at the sole discretion of the City Council.
For additional details, or to apply for an Economic Development Assistance Grant, please see the Economic Development Assistance Grant Application (PDF)
The Property Enhancement Incentive Policy (PEIP) offers a 50% matching grant up to $10,000 for improvements to commercially zoned properties. The PEIP has varying participation limits on the type of enhancement. Improvements eligible for grant monies include façade enhancements, interior renovation, landscaping, lighting, parking/driveways, pedestrian amenities, signage, utilities and code compliance.
For additional details, or to apply for the PEIP, please see the Property Enhancement Incentive Application (PDF).
To encourage new development and revitalization in certain areas of the city, Tax Increment Finance Districts (TIF or TIRZ) have been created. Currently there are two TIRZ established in Haltom City and referred to as "TIRZ 1" and "TIRZ 2."
For additional information you may review the Haltom City TIRZ Brochure or contact Robert Briggs, Director of Economic Development, via email or by calling 817-222-7746.
In recent years, Haltom City has made great strides in reducing the tax burden for it's residents and businesses. The current tax rate (Tax Year 2024-2025) is $0.5807 per $100 of assessed valuation.
More Information can be found within the Haltom City FY2025 Adopted Budget.
U.S. foreign-trade zones (FTZs or Zones) are the domestic equivalents of what are internationally known as ‘free-trade zones.’ They are usually located in areas with geographic trade advantages, such as major seaports, international airports, and national frontiers.
Within FTZs, company goods can be unloaded, manufactured, reassembled, tested, sampled, processed, repackaged, and re-exported without the intervention of U.S. customs authorities. Only when goods are moved outside a Zone do they become subject to U.S. customs duties. Zone status may also make sites eligible for state and local tax benefits.
Currently the State of Texas ranks #1 in the U.S. for FTZ overall economic impact. Haltom City helps this #1 ranking with the presence of an FTZ on property owned by Mercantile off of I-820 and N. Beach Street.
For more information, please visit, State of Texas: Foreign Trade Zones (FTZ).
Designated projects are eligible to apply for state sales and use tax refunds on qualified expenditures. The level and amount of refund is related to the capital investment and jobs created or retained at the qualified business site. The program is administered through the Texas Comptroller.
For more information please visit: State of Texas - Enterprise Zones
The Freeport Exemption allows businesses to exempt from property taxation the value of goods that:
-Are detained in Texas for 175 days or less;
-Are in the State of Texas for purposes such as assembling, storing, manufacturing, processing, or fabrication; and
-Are destined to be shipped out of Texas
This exemption is particularly beneficial for companies engaged in manufacturing, logistics, or distribution, as it can significantly reduce property tax liabilities on qualifying inventory.
The county, city and school district participate and the program is administered by the Tarrant Appraisal District (TAD). More information may be found by calling the TAD Business Personal Property Department.