Economic Programs
Explore tailored initiatives fostering business success in our vibrant city. Discover opportunities designed to fuel innovation and drive economic development.
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McAllen City Hall
The City of McAllen is open to discuss projects that reflect McAllen's strategic retail development goals including projects that involve significant employment generation, first-to-market retail, destination retail, and developments that are unique or exclusive to the market.
- Items to Submit for Consideration:
- Project location, size
- Description of project with timeline
- Real and Personal Property Investment
- Site Plan rendering of proposal
- Estimate number of full and part-time positions
- Average wages and salary
- Description of Investment in Real Estate, Construction, with projections of Sales Tax Revenue and Property Tax projections
- Any other supporting documentation
Match funds for commercial properties that upgrade their exterior appearance up to $15,000. The matching revitalization grant is intended to improve the exterior appearance of commercial establishments and drive consumer traffic into participating grant establishments. This is available in certain zones of the city.
Home Repair Economic Incentives Include:
- New Construction on Single Family and DuplexFourplex Empty Lots
- Demolition/Rehabilitation/Upgrade Cost of Substandard, Vacant Homes
- Renovation of Homes
- Brochure
- Application
McAllen EB-5 was founded to provide a valuable opportunity for international investors to gain permanent residency in the United States through the EB-5 Immigrant Investor Program. Here at McAllen EB-5 Regional Center, we promote economic growth and productivity within Hidalgo County, Texas and valuable investment opportunities for the U.S. economy.
- The EB5 Immigrant Visa Program provides an opportunity for qualified immigrant investors and their immediate family members to obtain their permanent residency (“green card”) in the United States through investment. The EB-5 program was created for foreign investors willing to invest in a business that will create new employment opportunities for the U.S. economy.
- The amount needed to invest is $1 Million unless the investment is made in a rural area or an area that has a high unemployment rate and then the amount decreases to $500,000. Each year, a total of 10,000 Visas are available through the EB-5 program.
