Incentives
A Portfolio of Incentives
With a portfolio of incentives, NETEA can aid expanding and relocating businesses with infrastructure upgrades, workforce training, loan guarantees capital grants, tax incentives, low cost /no cost land, business assistance centers, relocation expenses, and rent subsidies.
| California | Northeast Texas | |
|---|---|---|
| Sales Tax | 7.25% State | 6.25% State |
| 2.75% Local | 2.0% Local | |
| 10.05 Maximum | 8.25% Maximum | |
| Fuel Tax | 67.1%/Gallon Gas | 38.4%/Gallon Diesel |
| 75.3%/Gallon Diesel | 44.4%/Gallon Diesel | |
| Personal Income Tax | Up to 13.3% | None |
| Franchise Tax | 1.5%-8.84% | 0.70% |
| Corporate Income | 8.84% Flat Tax on Income | None |
| Personal Property | $1.15%/$100 Valuation | $2.49/$100 Valuation |
| Alameda Country Average | ||
| Corporate Property | 1% of Valuation | $2.29/$100 Valution |
| Alameda Country Average | ||
| Unemployment Insurance | Range 1.5%-6.2% | Range .54%-7.35% |
| 4.6% Average | 1.82% Average | |
| 3.4% New Employer | 2.7% New Employer | |
| Wage Limit of $7,000 | Wage Limit of $9,000 | |
| State Budget Surplus | NO | YES |
| Cost of Living | Oakland Metro 136.0 | NE Texas 92.6 |
| Regional Cost of Doing Business | ||
| Composite | 106 | 95 |
| Unit Cost Labor Index | 102 | 96 |
| State & Local Tax Index | 106 | 78 |
| Average Cost of Eletricity | ||
| Industrial | 12.2C/kWh | 6.14C/kWh |
| Commercial | 16.14C/kWh | 7.83C/kWh |
| Natural Gas Costs | ||
| Industrial | $6.61/kcf | $3.78/kcf |
| Commercial | $8.05/kcf | $8.25/kcf |