Incentives, Grants & Loans

Los Fresnos CDC
Business Incentive Program

Matching grants are available to help existing
and new business improve the overall image
and enhance the economic vitality in Los Fresnos

Contact:
Desi Martinez
Los Fresnos CDC Liaison
520 East Ocean Boulevard
Los Fresnos, Texas 78566
956-778-8929 Cell
956-233-6182 LFCDC Office

SBA 504 Loan Program
Brownsville Development Fund of Texas

Up to 90% financing for healthy, expanding businesses that demonstrate a strong potential of creating job opportunities. Lender/Bank 50% CDC/SBA 40% Borrower's Contribution 10%.

504 proceeds limited to fixed assets; purchase of building, property improvements, construction of a new facility, some equipment.

Contact: Economic Development Specialist
(956) 546-4020
dalaniz@bdfoftexas.com
www.bdfoftexas.com

The Los Fresnos East Business Corridor is located in a census tract and growth area on the outer edge of a Texas Opportunity Zone. Any investor interested in the benefits of this program should consult a CPA or tax attorney for more precise info.

How does Opportunity Zone Fund investing work?

An investor who has realized a capital gain by selling an asset like stocks or real estate can receive special tax benefits if they reinvest that gain into an Opportunity Fund within 180 days. There are three primary advantages to rolling over a capital gain into an Opportunity Zone Fund:
1. Defer the payment of your capital gains until Dec 31, 2026.
2. Reduce Effective Jan. 1 the benefit drops to 10% after 5 years.
3. Pay Zero tax on gains earned from the Opportunity Zone Fund.

Visit the article below if you wish to learn more about this opportunity.

Opportunity Zones: What We Know and What We Don’t

Scott Eastman, Nicole Kaeding, January 8, 2019

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Workforce Resources For Cameron County
Brownsville (956) 546-3141 Harlingen (956) 423-9266

The Business Services Unit can assist with recruiting, screening and the referral of qualified job seekers. We can also provide consulting on special topics such as finding resources for funding and education. As your business changes, so will your Human Resource needs. Let our consultants help you with any questions and training issues for new and existing employees.