Odessa Development Corporation
700 N Grant, Suite 200
Odessa, Texas 79761
Phone: (432) 333-7886
Odessa is located in the Permian Basin region of West Texas. Odessa, where you'll find a friendly workforce and highly skilled professionals in all walks of life. We have outstanding medical and educational facilities, as well as economic incentives and workforce training programs, if you're expanding your business.
|City of Odessa||99,940|
|City of Midland||111,147|
|Top 20 Private Employers|
|Private Industry Employers||Product\Service||No. of Employees|
|Saulsbury Companies||Electric & Construction||1,315|
|Halliburton Services||Oil & Gas||1,250|
|Odessa Regional Medical Center||Medical||1,090|
|Nurses Unlimited, Inc.||Medical||560|
|Weatherford CPS||Oil & Gas||536|
|Holloman Construction||Oil Field Construction||500|
|Bobby Cox Companies, Inc.||Retail/ Restaurants||453|
|Investment Corporation of America||Financial||420|
|Southwest Convenience Stores||Retail/Service||310|
|Cudd Energy||Oil & Gas||277|
|Sewell Ford Motor Company||Automotive||250|
|URS Flint Energy Service Co.||Construction||225|
|Lowe's Market Place||Retail Grocery||203 |
|Major Public Employers|
|Govt. \ Educational||Product \ Service||No. of Employees|
|Ector County I.S.D.||Public Education||3,336|
|Medical Center Hospital||County Hospital||1,687|
|City of Odessa||City Government||884|
|Texas Tech University Health Sciences Center||Education/ Medical||404|
|The University of Texas Permian Basin||Education||351|
|City of Odessa||$0.52275/100 percent|
|Ector County||$0.35637/100 percent|
|Farm to Market||$0.00000/100 percent|
|Independent School District||$1.13200/100 percent|
|Junior College||$0.19478/100 percent|
|Hospital District||$0.05208/100 percent|
|Utility District (west Odessa outside city limits using city water)||$0.09819/100 percent|
|Totaling (excluding Utility District)|| $2.3561/100 percent|
|Retail Sales Tax Rate|
|City of Odessa||1.00%|
|State of Texas||6.25%|
|Location From Major Cities|
Fortunately, Odessa is big enough to demand superior roadway and railway systems, yet small enough to get around in quickly. The multi-lanes of Interstate 20, State Highway 385 and the John Ben Shepperd Parkway provide quick access to industrial, commercial and residential areas in central and east Odessa. The location of the Union Pacific Railroad switch station and a proposed spur that will run throughout the Parkway Industrial Park complex makes shipping raw materials and finished goods in and out of town a breeze.Odessa also offers the quintuple Freeport Exemption for all taxing entities on goods in transit.
With the progress of La Entrada al Pacifico-the US 385 Texas-Western Mexico Trade Route, Odessa has become the center for commerce in West Texas. In fact all roads through West Texas have led to Odessa for a long time.
We want you here because your business is good business for Odessa. The Odessa Development Corporation (ODC) was authorized by the Development Corporation Act of Texas to collect sales tax economic development incentives. The ODC annually collects approximately $6 million per year in revenues. The ODC incentives are based on the number of new jobs created, the annual payroll and the amount of your capital investment. Possible incentives include:
Land, facilities and infrastructure
Direct loans, including micro-business loan
Relocation and moving expense grants
Property tax incentives
Recruiting and screening of employees
Downtown Economic Development Incentives/ Section 380 application with Main Street, Odessa.
The Lone Star State shines on business, too. Businesses that locate in designated zones may be eligible for local and/or state benefits in the Texas Enterprise Zone Program. The Texas Department of Economic Development may grant state benefits if a business is awarded "Enterprise Project" status.
Example state benefits include:
1. State sales tax refunds of taxes paid on machinery and equipment, building
material, labor for the rehabilitation of existing buildings, and electricity and
natural gas purchased for use in the Enterprise Zone.
2. Franchise Tax Reductions.
3. Priority status for other state administered programs.
4. Additionally, companies that locate in non-entitlement communities may receive funds to be used for needed infrastructure through the Texas Capital Fund Infrastructure Program.
5. Lastly, the Skills Development Fund is designed to help businesses apply for job training funds in partnership with local community colleges and technical schools to finance customized job training.
6. Worker Opportunity Tax Credits (WOTC).
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