The Gulf Coast Economic Development District makes recommendations on issues of economic development to assist and advise elected officials in their decision-making responsibilities. The district also helps bolster our local economy by providing loans for qualified business owners and local governments.
Opportunity Zones are a new tax incentive created to spur investment in designated low-income census tracts. Taxpayers can reduce or eliminate capital gains through qualified investments in businesses or real estate within Opportunity Zones. The economy in the Houston-Galveston region continues to recover from Hurricane Harvey, and low-income communities throughout the region were disproportionately affected by Harvey’s floodwaters. Attracting investments to the region’s Opportunity Zones will speed the long-term economic recovery of these communities.
Workforce Solutions provides the economic data needed to support businesses, make policy decisions, and promote economic development in your jurisdiction.
The Houston-Galveston Area Local Development Corporation administers the Business Loan Fund to help finance new or expanding small businesses when traditional funding isn't available or isn't enough.