Chapter 380 and 381 Agreements

Communities are authorized to use Chapter 380 Agreements to attract capital investment to their area and to promote job creation.  Specifically, this statute provides for incentives that include property and sales tax rebates, loans, grants of city funds and services. Chapter 381 Agreements are used by counties to make loans or grants of public money to promote local economic development and to encourage new business activity in the county.  These two types of agreements can be used in tandem for the same project.