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Latest News & Events

Chamber of Commerce Johnny Bates Memorial Golf Tournament
9/13/2008 - When: Saturday, September 13, 2008 Where: Breckenridge Country Club Format: 9/9/9 - 9 holes low ball, 9 holes alternating shot, and 9 holes scramble Tee Time: 8:30 am Cost: $75.00 per person/$150 per team (lunch provided) Prizes: CASH PAYOUT!!! Door Prizes!!! "Closest To Pin" Prize!!! "Closest To Pin - 2nd Shot" Prize!!! To become a corporate sponsor, hole sponsor, or to enter the tournament, please call 254-559-2301 as soon as possible!

Chamber of Commerce's
9/26/2008 - Fall Festival and Car Show in conjunction with the BISD Homecoming and Parade. Event will be the weekend of the BHS homecoming football game. Friday night festivities consist of a concert by Shane Stockton (with Chris Pittman, Darwin Archer, and Chris Reeves) with vendor/food booths. Saturday festivities consist of vendor/food booths, the Homecoming Parade, and Car Show! Vendor booth spaces still available! $15 for a 10' X 10' booth and $20 for a food booth (for Friday night and Saturday). (Non-profit, school clubs, and Chamber members free.) Car Show spots still available! Pre-registration $10.00 and late registration $20.00. Car classes are 60 & later stock, 59 & earlier stock, competition cars, Harley division, modified, corvette, and trucks. $1,500 in cash prizes to be awarded!!! To register a booth or a vehicle, please call (254) 559-2301 as soon as possible!

Kean Stringer Fishing Tournament
9/27/2008 - For more information, please call 325-676-7711.

More Events...

Welcome to the Breckenridge Chamber of Commerce and Economic Development Corporation.
LOCAL INCENTIVES

Breckenridge and Stephens County have several effective tools available as incentives for area economic development. Incentives are typically based on primary job creation and may vary on a case-by-case basis. We are also aggressively pursuing quality of life improving businesses and essential services such as day care, etc.

Economic Development Sales Tax
The citizens of Breckenridge recently voted overwhelmingly to pass a half-cent 4B sales tax to be used for industry, manufacturing, and business attraction and retention, to help provide affordable housing, and to address other quality of life issues. A city appointed board of seven community leaders head the Breckenridge Economic Development Corporation. Breckenridge has had a half-cent 4A economic development tax since 1990. The new 4B gives the Breckenridge EDC much more flexibility in providing funding for needed projects.

Reinvestment Zones
The City of Breckenridge is capable of providing reinvestment zones for the purpose of tax abatements, tax increment financing and public improvement districts.

Enterprise Zone
Breckenridge has established the entire city as an Enterprise Zone. Qualifying businesses may receive a refund of state sales and use tax paid on equipment, machinery, and building materials purchased for use in the Zone based on the levels of job creation and capital investment.

Tax Increment Financing
The City of Breckenridge will consider using Tax increment Financing of needed public improvements in a defined area. This form of financing is backed by the tax increment generated by the development.

Property Tax Abatement
The City of Breckenridge and Stephens County will consider providing a property tax abatement on the appraised value of real property improvements and business personal property, to promote and retain high quality development in all areas of the city.

Chapter 380/381 Agreements
This sales tax sharing agreement in the form of a loan or grant is available to promote local economic development and to stimulate business and commercial activity in the city and county.

Triple Freeport Exemption
Various types of goods that are detained in Texas for 175 days or less, and are in Texas only for a limited purpose such as assembly, storage, manufacturing, processing or fabricating are exempt from property tax if considered Freeport property. The City, County and Breckenridge Independent School District will consider this tax exemption.



STATE OF TEXAS INCENTIVES

Our local leaders can help you locate and apply for incentives offered by The State of Texas. A brief overview of available programs is listed below.

Texas Enterprise Fund
This fund was created as a tool to attract business and create jobs in Texas. Applicants must make significant capital investment, provide high-quality jobs, and complete an Enterprise Fund application, approved in Austin.

Texas Emerging Technology Fund
This relatively new fund is targeted to support projects that create high-tech / emerging tech new jobs or lead to medical or scientific breakthroughs.

Texas Leverage Fund
Since Breckenridge has the 4B Economic Development sales tax in place, loan funds from the State are available to the Breckenridge EDC for eligible economic development projects. The fund can be used for interim, long-term, or gap financing.

Texas Capital Fund
The Texas Capital Fund provides economic development grants and loans to 'non-entitlement communities' such as Breckenridge. Use of the funds include road an utility infrastructure, acquisition and construction of real property, and main street public infrastructure improvements.

Texas Linked Deposit Program
This program was established to encourage lending to historically underutilized businesses, non-profit corporations and/or small businesses at low, fixed interest rates.

Industrial Revenue Bond Program
This provides taxable and tax-exempt bond financing for land and depreciable property for industrial or manufacturing projects.

Texas Manufacturing Assistance Centers
TMAC provides field engineers to work with small manufacturers to implement technologies and techniques that improve manufacturers' ability to more effieiently produce high-quality products.

Small Business Development Center
Offered through Texas Tech University, the purpose of the SBDC is to assist new entrepreneurs in realizing their business potential and assist existing small business in remaining competitive in our changing global economy. It provides this no cost service through its affiliation with America's most comprehensive small business assistance network in the country.



FEDERAL INCENTIVES

Our helpful staff can also assist you with numerous federal loan and grant programs for small business, that are available for Breckenridge businesses, including:

Small Business Administration (SBA) 504 Loan Program
which offers long-term, fixed rate financing to existing companies with sound business purpose

SBA 7(a) Loan Guaranty Program
which benefits small businesses by helping finance long-term loans through reducing risk taken by the lender.

USDA Business & Cooperative Programs
increase rural job opportunities, facilitate the development of rural businesses, and improve economic development. Available programs include:
  • Business & Industry Guaranteed Loans
  • Renewable Energy Loans & Grants
  • Rural Business Opportunity Grants
  • Rural business Enterprise Grants
  • Value-Added Producer Grants
  • Intermediary Relending Program
  • Rural Economic Development Loans & Grants
  • Rural Cooperative Development Grants


USDA Community Development Programs
enhance economic opportunities and quality of life for rural Texans by funding programs that create or improve telecommunications, community facilities, and water and wastewater systems. Available programs include:
  • Water and Wastewater Disposal Direct Loans, Grants and Guaranteed Loans
  • Emergency Community Water Assistance Grants
  • Distance Learning & Telemedicine Loans & Grants
  • Community Facilities Loans, Grants and Guaranteed Loans
  • Solid Waste Management Grants


USDA Housing Programs
ensure rural communities have access to safe, well-built, affordable homes. Funds can be used to build, renovate or repair a home. Available programs include:
  • Rural Housing Guaranteed Loans
  • Rural Housing Direct Loans
  • Housing Repair Loans & Grants
  • Multi-Family Housing Guaranteed Loans


For more information on any of these programs, contact Virgil Moore at the Breckenridge EDC, Phone 254-559-6228, Email vmoore@brecktexas.com.


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Breckenridge Economic Development Corp.  |   100 East Elm PO Box 1466  |   Breckenridge, TX 76424
Phone:  254.559.6228