Economic Development incentives
The Anna Community Development Corporation (CDC) works to expand the tax base by recruiting primary jobs as well as medical, hotel, retail, restaurant, and entertainment venues. The CDC was instrumental in attracting the Anna Town Center development at US 75/455, which is anchored by Walmart.
The Anna CDC is a state authorized Type B non-profit corporation that was approved by the residents of Anna to collect a three-quarters of one percent sales tax dedicated to promoting economic development. The Corporation is governed by a seven-member Board of Directors who is appointed by the Anna City Council. Funds received by the CDC may be used for grants and loans for projects that create jobs and add tax value.
The City of Anna and/or the CDC will consider economic development incentives on a case-by-case basis with the key criteria being: capital investment, type of project, number of jobs, and added tax value. Some of the potential incentives include: property tax rebates/abatements, freeport exemption, grants, fee reductions, loans, tax increment reinvestment zones, public improvement districts, and Chapter 380 agreements. Those receiving incentives will be required to enter into a performance agreement.
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In an effort to objectively evaluate the economic and fiscal impact that a project could have on the City of Anna, we request that you contact staff to receive a copy of our Economic and Fiscal Impact Analysis Form. Thank you.