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Since 1979, Texas law has allowed cities to form economic development
corporations to attract businesses and create job opportunities. In
l989, the Legislature amended The Development Corporation Act of 1979
to allow eligible cities the option of adopting a dedicated sales and
use tax to fund industrial development projects.
The
Industrial Park was created after Wills Point voted to approve a levy
0.05 of the authorized sales tax for the purpose of promoting economic
development within the confines of the city. The administration of the
Park consists of the Mayor and four directors. The Wills Point
Economic Development Corporation is
classified as §4A,
meaning the sales tax is
limited in use to industrial and manufacturing facilities, recycling
facilities, distribution centers, small warehouse facilities, closed
or realigned military bases, and some allowances in the areas of
commercial business development, business airport facilities, and
port-related facilities.
The Park consists of 146 acres fronting on U.S. Hwy 80 East of
downtown Wills Point approximately one mile. The corporation has
completed construction on $2,000,000 worth of infrastructure on
the Park premises to better serve the industrial needs of the
occupants. Improvements include concrete streets with curb and gutter,
adequate water and sewer facilities for the entire Park, twenty-one
fire plugs, and a stem tower to assure water supply for all customers
in the Park.
The Park has been plotted in 5-7 acre tracts. Incentives for
moving to the Park are available depending primarily on the number of
new employees brought to the area. For more information contact
Lettie Clark, Wills Point Economic Development Corporation
Administrator, at (903) 873-3381.
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