MISSOURI CITY, TX
Economic Development - Investment Created
Strong Local Economy
Status Indicators: On Target | Monitoring Progress | Reviewing for Improvement | Neutral- Actual Figure | Project Not Scheduled to Begin Yet
Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the fiscal year. The City’s fiscal year runs from October 1st – September 30th and is denoted by FY. CY denotes calendar year.
Capital Expenditures Investment are required in a company’s performance obligations, which are set forth in Economic Development Incentive Agreements. For the purpose of this measure, the numbers will be reported in the fiscal year in which the agreement is signed and approved.
This measure encompasses Capital Expenditures Investment, including investment through the full life of the incentive agreement, for all incentive agreements approved and established during a fiscal year. The City of Missouri City’s fiscal year runs from October 1 through September 30.
Capital Expenditures Investment: Funds spent on materials, design, and for construction of the agreed upon improvements and for any applicable (if included) personal property to furnish and equip the improvement, not including land costs.
The annual target is ≥$2,000,000, which is based on investments through the City’s various Economic Development Incentives agreements.
Capital Expenditures Investment is a key component of economic advancement resulting from economic development incentive agreements between the City of Missouri City and corporations or developers. Furthermore, it is a strong sign of economic activity and growth within the City.
City of Missouri City Economic Development Agreements