Collin County is one of the fastest-growing counties in the United States, home to Plano, Frisco, McKinney, Allen, and parts of the Telecom Corridor. Major corporate relocations have made Collin County a hub for technology, financial services, and corporate headquarters, creating a strong ecosystem for small and mid-size businesses.
This guide covers the business grant programs, tax incentives, and economic development resources available to Collin County businesses based on published program criteria.
City Programs in Collin County
Plano
Plano is home to numerous corporate headquarters including Toyota Motor North America, JPMorgan Chase, and several major tech companies. The City of Plano offers:
- Tax Abatements: Plano can offer property tax abatements for qualifying businesses making significant capital investments, particularly in corporate headquarters, technology, and advanced manufacturing. Property tax abatement guide.
- Chapter 380 Agreements: Economic development agreements tied to job creation and capital investment benchmarks. Chapter 380 guide.
- Small Business Resources: Plano provides small business development resources through the Plano Economic Development Department and connections to regional SBDC services.
Frisco
Frisco has been one of the fastest-growing cities in the country and maintains an aggressive economic development program. The Frisco Economic Development Corporation (FEDC) offers:
- Performance-Based Incentives: FEDC provides incentives for businesses creating jobs and making capital investments in Frisco. Incentive packages are structured on a performance basis, meaning businesses receive benefits after meeting agreed-upon milestones.
- Infrastructure Grants: The FEDC may support infrastructure improvements for businesses locating in targeted development areas.
McKinney
McKinney's Economic Development Corporation (MEDC) offers tax abatements, Chapter 380 agreements, and infrastructure incentives. McKinney has focused on attracting manufacturing, technology, and corporate operations, and the city's available land makes it attractive for businesses needing larger facilities.
Allen
Allen's Economic Development Corporation provides incentives for businesses creating jobs and investing in the community. The city focuses on attracting corporate, technology, and light manufacturing operations.
Collin County Economic Development
Collin County Business Alliance
While not a government entity, the Collin County Business Alliance coordinates economic development activities across the county and can connect businesses with relevant incentive programs. The alliance works with city economic development corporations to provide a unified point of contact for businesses considering Collin County locations.
Workforce Development
Collin County businesses can access workforce programs through Workforce Solutions for North Central Texas and partnerships with Collin College:
- Skills Development Fund: Customized training grants through Collin College. Skills Development Fund guide.
- On-the-Job Training: Wage reimbursement during employee training periods through Workforce Solutions.
- Apprenticeship Programs: Collin College operates registered apprenticeship programs in several high-demand fields.
State Programs for Collin County Businesses
- Texas Enterprise Fund: Deal-closing grants for major job-creation projects. Collin County's corporate relocations have historically been supported by TEF awards. Enterprise Fund guide.
- Texas HUB Certification: Free state procurement preferences for minority-owned, women-owned, and veteran-owned businesses. HUB program guide.
- Franchise Tax R&D Credit: Relevant to Collin County's technology sector. Businesses conducting qualifying R&D activities can claim credits against their Texas franchise tax.
- TSBCI Programs: State-backed lending through participating banks.
Federal Programs for Collin County
- SBA Programs: SBA 7(a), 504, and microloan programs through the Dallas/Fort Worth District Office. SBA 504 loan guide.
- SBIR/STTR: Innovation grants for technology businesses. SBIR grants guide.
- R&D Tax Credit: Federal R&D credit for qualifying research activities. Startups may use the credit to offset payroll taxes.
- Work Opportunity Tax Credit: Tax credits for hiring workers from targeted groups. WOTC guide.
Key Industries in Collin County
Technology and Telecom
The Telecom Corridor in Richardson and Plano has evolved into a broad technology hub. Software, cybersecurity, fintech, and semiconductor businesses can access SBIR/STTR grants, R&D tax credits, and workforce training programs.
Financial Services
Major financial institutions have relocated operations to Collin County. Supporting small businesses — from accounting firms to fintech startups — can access state franchise tax credits, workforce training, and SBA lending programs.
Healthcare
Collin County's rapid population growth has driven expansion in healthcare services. Healthcare businesses can access workforce training grants, NIH SBIR/STTR funding for healthcare innovation, and SBA lending programs.
How to Get Started
- Contact your city's EDC: Plano, Frisco, McKinney, and Allen each have economic development corporations with distinct incentive programs.
- Explore Collin College partnerships: Skills Development Fund grants and apprenticeship programs.
- Apply for Texas HUB: Free certification through the Comptroller.
- Visit the North Texas SBDC: Free counseling and program identification.
Find Programs That May Fit Your Business
Collin County's rapid growth means new programs and incentives emerge regularly. Keeping up with every available program across multiple cities, the county, the state, and federal agencies is a full-time job.
Not sure which programs may fit your business? Our free screening report checks your business against 150+ verified programs — grants, tax credits, loans, and incentives — and shows you which ones may match. Start your free screening →