FUNDING & APPLICATIONS
Programs that put money behind your move
Dumas EDC administers a range of local funding programs designed to help businesses start, expand, and put down roots here. Each program is evaluated individually — tell us about your project and we'll identify what you qualify for and build a customized package.
LOCAL PROGRAMS
Dumas EDC administered
NEW & EXPANDING BUSINESSES
Community Investment Program
Direct cash, fee waivers, or infrastructure assistance for qualifying companies. Criteria include industry type, jobs created, wage level, and capital investment. Larger projects: ~3 months. Smaller: ~30 days.
PROPERTY IMPROVEMENT
Re-Du It Dumas
A façade improvement grant for businesses renovating a property within Dumas city limits. Funding is a percentage of total project costs, weighted by economic impact.
RETAIL BUSINESSES
Retail Rebate Program
A sales tax rebate of up to 75% of the city's 2% sales tax collected for up to 3 years. Business must demonstrate at least 50% new revenue or offer a product not currently available in Dumas.
PROPERTY REHABILITATION
Reinvestment Zone Program
Property tax abatement for projects within the Reinvestment Zone — particularly applicable to clean-up, renovation, or removal of properties in disrepair.
SMALL BUSINESS
BG&D Fund
Matching grants and scholarships for local firms enrolled in the Business Facilitator program — equipment, marketing, trade show attendance, and more.
COMMUNITY & EVENTS
Community Improvement Fund
Funds events and programs that generate measurable economic benefit — increased local sales, hotel taxes, and quality of life improvements.
TYPE A & TYPE B INCENTIVES
Texas EDC statutory funding authority
TYPE A
Type A Corporation
Type A economic development sales tax funds can be used for land, buildings, equipment, facilities, and infrastructure for industrial or manufacturing uses, and for job training programs. Dumas EDC is a Type A corporation funded by a voter-approved half-cent sales tax.
TYPE B
Type B Uses
Type B funds have broader authorized uses including quality of life projects, parks, sports facilities, and affordable housing in addition to the core economic development uses covered by Type A. Contact Dumas EDC to understand how Type A and B funding can be structured for your project.
LOANS & EXTERNAL FINANCING
State, federal & third-party funding
FEDERAL
SBA Loan Programs
SBA 7(a) and 504 loans for real estate, equipment, and working capital. Dumas EDC makes referrals to qualified SBA lenders.
FEDERAL
USDA Rural Development
Business & Industry loan guarantees and Rural Economic Development loans for businesses in rural communities.
SMALL BUSINESS
Micro-Loan Programs
Micro-lending referrals for start-ups and small businesses needing smaller amounts of capital to launch or expand.
LOCAL
Local Development Funds
Local development funds and direct financing for qualifying projects needing bridge or gap financing.
WORKFORCE
Skills Development Grant Fund
State of Texas grant funding to offset the cost of customized workforce training programs for new and expanding businesses delivered through Amarillo College.
TAX CREDIT
New Market Tax Credit
Investors in qualifying Dumas businesses are eligible for a federal tax credit equal to 39% of the investment amount over seven years.
Ready to apply or find out what you qualify for?
Contact Dumas EDC — we'll walk you through which programs fit your project and build a customized incentive package.