An enterprise zone is an economic development tool that allows a community to partner with the state to offer a package of local and state tax and regulatory benefits to new or expanding businesses in distressed areas. Communities use these benefits or “incentives” to encourage job creation and capital investment in their designated Enterprise Zone.
Kingsville Enterprise Zone 1 was created by the City of Kingsville in 1999 and covers a large portion of the city. New and expanding businesses located in the enterprise zone are eligible for state and local benefits such as tax refunds. Please contact our office for more information regarding local enterprise zones.
Foreign Trade Zone
A Foreign-Trade Zone is a restricted-access site, in or adjacent to a Customs port of entry, operated pursuant of public utility principles under the sponsorship of a corporation granted authority by the Board and under supervision of the US Customs Service. FTZ’s are treated, for the purposes of the tariff laws and Customs entry procedures, as being outside the Customs territory of the United States and thereby not subject to Customs duties or certain excise taxes.
The community has an affiliation agreement with the Port of Corpus Christi Authority for sub-zone designation of industrial sites within Kleberg County. The application process is estimated to take six months. Please visit the Port of Corpus Christi website for more information.
Kingsville Area Industrial Development Foundation
Created in 1976, the Kingsville Area Industrial Development Foundation serves as the funding vehicle for industrial prospects in providing land, buildings, and financing.
Industrial Bond Authority
The Kingsville Industrial Bond Authority of Kleberg County was created by the county to serve as the vehicle for issuance of industrial revenue bonds.
Public Protection Class (PPC) 5.