Allen is a fast-growing city in Collin County along the US-75 corridor in the northern Dallas-Fort Worth metroplex. Known for strong schools, family-oriented communities, and a growing commercial base, Allen has attracted corporate offices, retail developments, and small businesses. The Allen Economic Development Corporation actively works to diversify the local economy beyond retail into technology, healthcare, and professional services.
Allen Economic Development Corporation (AEDC)
AEDC Incentive Programs
The Allen EDC uses Type A sales tax revenue to attract and retain primary employers. Programs include performance-based incentive agreements that may offer cash grants, relocation assistance, infrastructure improvements, and workforce development support. The AEDC targets technology, professional services, and corporate office projects.
Chapter 380 Agreements
Allen offers Chapter 380 agreements for qualifying businesses that may include property tax abatements, sales tax sharing, and fee waivers. These agreements are negotiated based on job creation, capital investment, and the economic impact of the project.
Collin County Resources
Allen businesses benefit from Collin County's robust economic infrastructure including Workforce Solutions for North Central Texas, county tax abatement programs, and regional transportation investments. The Collin SBDC provides free business counseling and training programs.
Key Industries in Allen
Technology and Professional Services
Allen's location on the US-75 technology corridor supports growing technology and professional services businesses. These companies can access R&D tax credits, SBIR/STTR grants, and workforce training through Collin College and the Skills Development Fund.
Retail and Entertainment
Allen Premium Outlets and the Watters Creek mixed-use development anchor the retail economy. Retail and hospitality businesses can access WOTC hiring credits, workforce training grants, and SBA lending for buildout and inventory.
Healthcare
Texas Health Presbyterian Hospital Allen and expanding medical offices serve the growing population. Healthcare businesses can access workforce training programs, HRSA grants, and SBA 504 loans for facility acquisition and equipment.
State Programs for Allen Businesses
- Texas Enterprise Fund: Deal-closing grants for major job creation and capital investment projects.
- Skills Development Fund: Workforce training grants through local community colleges and technical institutions.
- Texas HUB Certification: State procurement preferences for historically underutilized businesses. Learn about HUB certification.
- Texas Enterprise Zone Program: State sales tax refunds for businesses creating jobs in designated areas.
Federal Programs
- SBA Loans: 7(a), 504, and microloan programs available through SBA-approved lenders in the region. Learn about SBA 7(a) loans.
- SBIR/STTR: R&D grants for businesses conducting research with commercial potential.
- WOTC: Tax credits of $2,400 to $9,600 per qualifying hire from target groups. Learn about WOTC.
- HUBZone: Federal contracting preferences for businesses in qualifying census tracts.
Find Programs That May Fit Your Business
Allen businesses are often eligible for multiple programs at the local, state, and federal levels simultaneously. Our free screening report checks your business against 150+ verified programs and shows you which ones may match. Start your free screening →