Kilgore is known for its assertive role in attracting business to Kilgore and is outperforming other communities. Leading the economic stability in Kilgore is a large employment workforce, occupational strengths, education, and an excellent business climate.
- Top ten taxpayers in Kilgore have increased in value 504% since 1990
- Per capita value of industrial property is $41,878 (up 22 times larger than other Gregg County area)
- Tax rate has decreased $0.21
- Occupational strength with advantageous number of skilled welders, machinist, machine operators and production workers
- Almost 350,000 workers are available to employers from 12 counties within a 60-mile radius
- County labor force participation rate is 70.3% – well above state (64%) and US (62.4%)
- Regulated industrial electric rates are 16% less than Texas average and 60.5% less than national average
- Beneficial tax policies, such as, property tax abatements and triple Freeport tax exemptions
- Incentives through Performance agreements for flexible use under local control
- Access to incentives through the Texas Enterprise Fund, the largest deal closing fund in the country
So why do business here? It is simple…because we want you here!
For more information, contact Kilgore Economic Development Corporation.