Plano is a major business hub in the Dallas-Fort Worth metroplex, home to corporate headquarters including Toyota North America, Capital One, and Liberty Mutual. Located in Collin County, Plano combines a highly educated workforce, excellent infrastructure, and a business-friendly environment that attracts both large corporations and growing small businesses.
Plano Economic Development Programs
Plano Economic Development Department
The City of Plano's Economic Development Department works with businesses on retention, expansion, and relocation projects. Plano offers Chapter 380 economic development agreements that may include property tax abatements, sales tax rebates, and infrastructure improvements for qualifying projects creating jobs or making significant capital investments.
Plano Small Business Development
Plano supports small businesses through its partnership with the Collin Small Business Development Center. Resources include free business counseling, market research assistance, financial planning support, and connections to lending programs.
Collin County Resources
Collin County is one of the fastest-growing counties in the United States. The county supports business development through Workforce Solutions for North Central Texas, which offers employer hiring incentives, skills training programs, and labor market data. Collin County has also established tax abatement guidelines for qualifying commercial and industrial projects.
See our complete guide to Collin County business grants.
Key Industries in Plano
Corporate Headquarters and Technology
Plano's Legacy West and Legacy business corridors host dozens of major corporate headquarters and technology companies. Tech businesses can access R&D tax credits, SBIR/STTR grants for research, and workforce training grants through the Skills Development Fund at Collin College.
Financial Services
Multiple financial services companies are headquartered in Plano. Financial services businesses may qualify for workforce training programs, cybersecurity grants for critical infrastructure protection, and federal contracting opportunities through SBA certifications.
Healthcare and Life Sciences
Plano has a strong healthcare sector with major medical centers and biotech research facilities. Healthcare businesses can access CPRIT grants for cancer research, HRSA programs, and SBA lending for practice expansion.
State Programs for Plano 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
Plano 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 →