Government Property Lease Excise Tax (GPLET)
The GPLET can provide up to eight (8) years of property tax abatement. This incentive is available for projects located in the Central Business District that result in a property value increase of at least 100%. The amount abated cannot exceed the economic benefit created by the project. To become "government property" the City will take ownership of the property for the duration that the owner wishes to be relieved of tax obligations. Map
Primary Jobs Incentive
The Primary Jobs Incentive assists Tucson in its efforts to bring quality jobs and investment into the region. The incentive provides up to a 100% reimbursement of construction sales tax to qualifying expenses such as the project’s public infrastructure improvements, offsets to impact fees, and/or job-training. The City may also reimburse eligible building permit fees.
Qualifying projects must:
a) invests a minimum of $5 million in facilities or equipment
b) creates 25 jobs that pay wages of at least $54,932 (and all other local jobs are paid an average of $50,164)
c) cover at least 75% of employee health insurance premiums
Site Specific Sales Tax Incentive
For retail projects that would not otherwise locate in the city of Tucson, the City can apply project-generated tax revenues to qualifying public expenses such as job training or public infrastructure improvements. Projects must create significant and quantifiable economic benefits to be considered. The amount of sales tax revenue applied cannot exceed the economic benefit created by the project.
Global Economic Development District (GEDD)
The Global Economic Development District is located in Tucson’s rapidly growing south and southeast side, already a viable and energetic entrepreneurial community, key transportation and logistics infrastructure, key manufacturing operations and the UA Tech Parks. The area has favorable proximity and accessibility to Mexico, Texas and California markets through both rail and road.
Within the GEDD boundary lays the Tucson Tech Corridor (TTC), an area defined by a diverse group of experienced retail estate development professionals and property owners committed to promoting the available development sites within the Corridor. Partners, include the Port of Tucson, UA Tech Parks, Diamond Ventures, and the Ashland Group. See if your business qualifies.