From expanding facilities or your workforce to retooling your equipment to training your staff, our Financial Services division taps into a number of programs to help drive your business forward.

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Small Business Programs

  • WIRE Accelerator Program - Each year WIRE Accelerator invests $25k in high-growth tech companies to join a 13-week accelerator program. 
  • Small Business Interest Rebates – help in repaying bank loans
  • Small Business Administration 504 Loans – long-term, below-market financing to build, buy or improve facilities
  • Community Development Micro-Loans – up to $35,000 in loans for low-to-moderate Amarillo entrepreneurs

Tax Abatement
& Credits

  • Abatement – specialized financial tools for manufacturing businesses looking to lessen your tax liabilities
  • New Market Tax Credit – incentives for investors interested in supporting opportunities in low-income communities
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Workforce Retention, Expansion & Training

  • Job Creation Incentive Grant – financial incentives to create full-time jobs
  • Tax Enterprise Zone – access to tax refunds based on creating and retaining jobs
  • Skills Training – funding to help expand the skills of your current or potential workforce

International Market Programs

  • Foreign Trade Zone 252 – financial benefits and streamlined logistics for companies importing/exporting internationally
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Learn more about the local and state incentives available to invest in your business’ growth

THE BENEFITS OF BUSINESS RETENTION AND EXPANSION PROGRAMS

The primary sources of job growth exist in every community:

Existing business expansions account for 80%

Incoming new businesses account for 11%

And start-up operations account for 9%

WHY WE SHOULD SUPPORT EXISTING BUSINESSES:

  • Existing businesses provide even more return on investment in smaller, rural market areas where entrepreneurial and recruitment opportunities are limited.
  • While customer attrition is a fact of life in both the private and public sectors, it's 10 times more cost-effective to work with existing customers than to continually cultivate new ones.
  • Business retention and expansion provide the customer -- the existing private sector firm in your market area -- with a seamless customer contact and service experience.
  • Less than 10% of business closures result from business failures. More than 90% are caused by work movement through mergers, consolidation, restructuring and deliberate decisions to relocate businesses.