Job Creation Grant

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Job Creation Grant Application

 

The attraction of quality employers to the City, which positively contributes to the Carrollton economy, is a priority of the City. In order to recruit and retain such desirable employers and make Carrollton a place where companies wish to locate and invest, the City may provide job creation grants based on the number and type of new full-time equivalent positions. Performance-based job creation grants may be granted under the authority of section 380.011 of the Texas Local Government Code.

 A performance-based job creation grant may be authorized in order to attract companies to, and/or retain companies in, Carrollton. Those companies hiring, and/or relocating, employees to Carrollton, which are paid an average annual full-time equivalent salary above the City’s mean annual wage, may be eligible for a Job Creation Grant. Assistance may be provided by granting from $100 up to $2,000 per new job created and located in Carrollton. The City’s current mean annual wage shall be determined by the current published Mean Annual Wage for All Occupations in the Dallas-Plano-Irving, TX Metropolitan Division, as reported by the Bureau of Labor Statistics.

For purposes of this policy, average annual salary shall be calculated by totaling the annual salary (to include any paid bonuses, commission and/or incentive pay) of all full-time positions in a given calendar year and dividing that figure by the number of positions.

Further, a full-time equivalent position shall be considered a position that is paid a total of two thousand and eight (2,080) hours annually and issued an Internal Revenue Service W-2 form by the employer.
Each application is determined on a case by case approach and provision of the grant shall be at the sole discretion of the City Council.