How We Can Help Owners & Developers

The Coale Building utilized historic tax credits and now is a restaurant.

 

Beaumont Main Street offers several options for assistance to both a business or private owner.

To learn more, please see the following links.

 

 

An Overview of Incentives Offered

 

 

Revolving Loan Fund:

 

Our most popular form of assistance comes from our Revolving Loan Fund. This fund is used to give small loans to downtown businesses to update or restore parts of their respective buildings.

Learn more with the links below.

 

Information About Our Revolving Loan Fund

 

 

Revolving Loan Fund Application

 

 

 

Preservation Tax Incentives:

 

All buildings that are listed on the National Register of Historic Places are eligible for federal and state tax credits, however downtown Beaumont has the designation of a National Register District. Most buildings 

(not all) within the district are de facto members of the register, and are therefore eligible for tax credits.

 

Federal and State Tax Credit information from our parent organization, the Texas Historical Commission.

 

About Preservation Tax Incentives

 

 

To receive tax abatements, the building and restoration measures must meet certain criteria.

The following link describes the criteria that may allow for tax abatements.

 

Secretary of the Interior's Standards of Rehabilitation

 

 

State and Local Incentive Program Information

https://www.irs.gov/newsroom/opportunity-zones-frequently-asked-questions

 

https://www.tml.org/economic-development-handbook-2017/pdf/communitydevelopment/NEZall.pdf

For more information regarding

Tax Incentives, please contact our office.

We would be happy to meet with you and discuss your eligibility.