Business in Bastrop
Bastrop is known for its deep roots, natural charm, and affordable modern amenities. The cost of living for families and businesses in Bastrop is more economical compared to neighboring Austin, with the comfort and convenience of that small-town appeal. This is attractive for businesses who are looking for a built-in workforce, affordable land with room to grow, a supportive climate and a location near the Austin-Bergstrom International Airport.
Businesses have chosen Bastrop for its exceptional leadership, quality of life and strong sense of community. Additional business advantages include streamlined permitting and fee waiver programs and access to tax incentives, grants, and loans. Financial Assistance and Tax and Property Incentives; with reduced property or free land opportunities, are readily available.
Businesses Come to Bastrop for Opportunity
Bastrop is Austin’s Next Frontier. As the population continues to expand out from Austin, Bastrop is poised for explosive growth. Opening a new location in Bastrop is very convenient for businesses considering it is located just 30-minutes from Austin and 25-minutes from the Austin-Bergstrom International Airport. When combined with attractive financial incentives and available land, choosing Bastrop is an easy decision.
Tax abatements can be given to businesses when value is added to the real property or new business personal property. This incentive encourages your business investment and/or expansion. Inquire here for more information.
- No state income tax in TX.
- No personal or corporate income tax in TX.
State and Local financial assistance is available to qualifying businesses. A Bastrop business project may qualify for the Texas Department of Agriculture Capital Fund grant which includes up to $750,000 of infrastructure improvements. Good News! The City of Bastrop will apply for this grant on the behalf of your business.
Expanding or relocating in Bastrop could qualify your business to receive a reduced purchase price on your property or even “free land”-300 acres available!
How does the program work? The total amount of capital investment + the total amount of jobs created = percentage of purchase price given back to business over an agreed amount of time and agreed business milestone achievements.
The 263-acre Business Park is prime and ready for growth, including a recent $1.6 million expansion of 10.5 acres and the Technology Drive extension project.
Existing businesses in Bastrop Business and Industrial Park:
- Coghlan Group
- Garments to Go
- Dig Tech/Line Tech
- Bluebonnet Trails Community Services
- Bastrop Art Warehouse and Deep in the Heart Art Foundry
- JamCo Inc.
- Type B Sales Tax Corporation Grants/Loans
- Chapter 380/381 Agreements
- Streamlined Permitting and Fee Waiver/Grants