Wallis, Texas, Economic Development

In April of 2000 the City of Wallis Economic Development Corporation was established to preserve and enhance economic development within the City of Wallis, Texas.

Administration
The Corporation is governed by a seven-member Board of Directors who are appointed by City Council.
Up to four of the board seats maybe held by city council members, with the remaining seats reserved for citizens of Wallis.

Funding
Funding for Corporate activities is provided by a dedication of one third of the City’s sales tax revenues.

Meetings
The Board meets monthly on the fourth Wednesday of the month at City Hall.  Meetings open at 7:00 PM, and are open to the public.  The Notice and Agenda of each meeting is posted on the front door of City Hall at least 72 hours prior to the meeting.

Incentives
Business Assistance Grants               
Both new and existing businesses are eligible for cash match grants for store-front improvements, signage, and property improvements such as landscaping and lighting.

Tax Abatement
Expansion of existing businesses as well as new business relocation is encouraged by a tax abatement policy designed to meet the needs of both small and large companies.  Value added as low as $50,000 is eligible for tax abatement.  For further information contact Wallis City Hall.

Site Location
The City of Wallis Development Corporation’s professional staff provides prompt and efficient assistance in locating ideal sites for both commercial and residential development.