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.