Management Districts
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Action:

Management districts, special districts, and improvement districts are created through the Texas Legislature. Management districts empower commercial property owners to supplement City and County services and infrastructure.  Property owners identify common problems and issues in their area and use their Management District to implement solutions.

Management Districts are used:

  • To support economic activity in existing commercial centers
  • To promote neighborhood revitalization
  • To support raw land development

Management Districts may finance services and improvements through the levy of assessments on commercial property or ad valorem taxes.  Some Management Districts are able to levy sales and use taxes or hotel occupancy taxes.

Created By:

State

Implement In:

City, County

Examples:

Houston, TX
Harris County, TX (East Aldine)

Resources:

Municipal Management Districts

4A Economic Development Corporation
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Action:

Create a Type A Economic Development Corporation, funded through up to a half-cent of sales tax which operates to support primarily economic and industrial development projects such as manufacturing facilities, ports & aviation facilities, and infrastructure in support of such projects. 4A EDCs can also issue sales tax bonds.
 
Additionally, a Type A corporation may also fund or transfer funds in support of a Type B project under certain circumstances.
 
Local Development Code Chapters 501, 504 and 505  outline the characteristics and authorizations.

Created By:

State

Implement In:

City, County

4B Economic Development Corporation
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Action:

Create a Type B Economic Development Corporation which operates to support economic and community development through a levee of up to one and half cents of sales tax. Type B EDCs can pay for land, buildings, equipment, facilities, and targeted infrastructure for a range of commercial or residential projects. Projects typically have a primary job generation requirement; however this can be waived for certain communities. They can also issue sales tax bonds.

Created By:

State

Implement In:

City, County

Community Development Corporation
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Action:

Community Development Corporations are non-profit, community-based organizations focused on the revitalization of typically low-income, underserved neighborhoods. CDCs often deal with the development of affordable housing.

Created By:

Developer, Non-Profit

Implement In:

City, County

Community Development Financial Institution
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Action:

Community Development Financial Institutions are dedicated to affordable lending to help low-income, low-wealth, and otherwise economically disadvantaged communities to improve economic and social outcomes. CDFIs can be credit unions, loan finds, microloan funds, banks, or venture capital providers. Certified CDFIs receive federal funding through the Community Development Financial Institution Fund.

Created By:

Developer, Non-Profit

Implement In:

City, County

Small Business Development Corporation
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Action:

Small Business Development Corporations provide free or low-cost counseling, skills training, and supportive services to small business owners and entrepreneurs. They assist them in creating, growing or innovating their business models from creation to exit. Their courses and programs include drafting business plans, connection to mentors, understanding compliance with public and industry codes and standards, and preparing for loan applications—which are typically SBA 504 loans. They can also provide specialized courses or workshops on-demand at the request of businesses or other partners.

Created By:

Non-profits, City, County

Implement In:

City, County

Non-Profit Institutional Employers
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Action:

Often referred to as anchor institutions, non-profit institutional employers are defined as sizable entities with large physical, cultural and economic ties to the community, such as academic institutions, medical centers or hospitals. Their substantial land holdings, large capital investments, status as an employer in stable or anticyclical industries, and mission-driven business models offer many opportunities for alignment on public investment priorities.

Created By:

Developer, Non-Profit

Implement In:

City, County