Ingleside Development Corporation

Ingleside Economic News:
Beautification Grant for Businesses

The Ingleside Development Corporation has announced the availability of the newly created Facade Improvement Grant Program!  The grants are available to Ingleside businesses in order to improve the appearance of their buildings and street facing properties.

Complete details and the Application are available by clicking here.

Ingleside Development Corporation

Ingleside Development Corporation, or IDC, is a group comprised of seven Board members appointed by the Ingleside City Council, who oversee the 4B sales tax proceeds brought in to the City.  The group consists of a variety of businesspeople and City Council members who review expenditures and revenues of the tax dollars.

In early 2009 the Board elected to fund a grant to the City of Ingleside for the creation of a full-time city department for economic development.  In February of 2009, a director was hired on a two-year budget and charged with creating the department and bringing new business to Ingleside.  Thus, the Ingleside Development Corporation was created.

Use of Development Corporation Funds

Very stringent rules and regulations govern the usage of these tax monies.  Only projects approved by the body, along with the City Council, can be funded with 4B dollars.  The main goal, as defined by the State Attorney General, is the creation of “primary jobs”.  Allowable projects under 4B that require creation of primary jobs include:

  • Manufacturing and Industrial Facilities
  • Research & Development Facilities
  • Military Facilities
  • Transportation Facilities (airports, hangars, ports, parking facilities)
  • Sewage & Solid Waste Facilities
  • Recycling Facilities
  • Air or Water Pollution Control Facilities
  • Distribution Centers
  • Small Warehouse Facilities
  • Primary Job Training Facilities for Use By Higher Education Institutions
  • Regional or National Corporate Headquarters Facilities

Additionally, 4B Corporations may provide land, buildings, equipment, facilities and improvements found by the Board to promote or develop new or expanded business enterprises that create or retain primary jobs, including:

  • Public Safety Facilities
  • Streets and Roads
  • Drainage and Related Improvements
  • Demolition of Existing Structures
  • General Municipally Owned Improvements

The endeavors not required to create primary jobs include:

  • Job Training Classes
  • Infrastructural Improvements That Promote or Develop New or Expanded Business Enterprises
  • Career Centers
  • Commuter Rail, Light Rail, or Motor Buses
  • Professional or Amateur Sports and Athletic Facilities
  • Entertainment, Tourist, and Convention Facilities
  • Public Parks and Related Open Space Improvements
  • Affordable Housing
  • Water Supply Facilities
  • Water Conservation Programs
  • Airport Facilities
  • Port-Related Facilities

The City wishes to extend it’s thanks to all the volunteers who work tirelessly on behalf of the City, and for the extraordinary civic pride that fuels their efforts. The Ingleside Development Corporation is a vital body in the administration of taxpayer monies.