NEWTON TEXAS
ECONOMIC INCENTIVES
NEWTON ECONOMIC & COMMUNITY DEVELOPMENT CORPORATIONS
The City of Newton is aggressive in assisting existing
businesses and potential new businesses. In 1994, the Newton Economic
Development Corporation and the Newton Community Development Corporation
were formed. These two entities, administered by local citizen Directors
as well as the Newton City Council, were created to provide funding
and other assistance to new and existing businesses.
Each Corporation, commonly referred to as NEDC and NCDC, are funded
by a voter approved 1/2 cent addition to the State Sales Tax on
services and products produced or sold within the taxing jurisdiction
of the City of Newton. Each Board has four Directors and one Chairman.
In addition, the daily operation of each Corporation is managed
by Donnie Meek, the Administrator for the City of Newton. All assistance
requests are directed to Mr. Meek initially and he reviews the business
operation and develops an analysis relating to the businesses' potential
economical impact to the City of Newton and it's residents.
New and existing businesses requesting economic assistance have
discovered that working with the City of Newton is easier and more
timely than many other larger communities. The economic assistance
request package is moved through promptly and with an earnest desire
to help that business in it's efforts to move to Newton or expand
their present inventories, equipment and payroll.
TEXAS CAPITAL FUND INFRASTRUCTURE PROGRAM
This program provides grants for the construction
of first-time public infrastructure projects incidental to an incoming
business or a business expansion. Eligible projects include water,
sewer, streets, gas lines, drainage, treatment facilities, landfills,
railroad spurs, traffic signals, dredging of harbors or channels,
telecommunications and electric lines, and acquisition of real estate
for infrastructure.
TEXAS CAPITAL FUND REAL ESTATE DEVELOPMENT PROGRAM
This program provides funding to qualified
communities to construct, acquire, or rehabilitate real estate so
that it may be leased to a company. Awards range from $50,000 to
$500,000.
TEXAS MANUFACTURING ASSISTANCE CENTER (TMAC)
TMAC was designed to help Texas small manufacturing
companies remain competitive in the ever changing global marketplace.
The TMAC Center provides technical assistance at a discounted rate
for process improvement, environmental regulations upgrades, changes
in technology and the marketplace.
TEXAS DEPARTMENT OF AGRICULTURE
Provides financial assistance through loan guarantees
for businesses that are engaged in innovative, diversified or value-added
production, processing, marketing or exporting of an agricultural
product. The program provides a guaranty of up to 90 percent of
the production, processing, marketing or exporting of an agricultural
product. The program provides a guaranty of up to 90 percent of
the loan amount to an eligible lender. Funds may be used for working
capital, equipment, real estate and/or improvements and inventory.
Guaranties range from $30,000 to $5 million.
TAFA LINKED DEPOSIT
Provides low interest rate loans through approved
lenders for individuals or businesses in Texas that process and
market agricultural crops or livestock; produce alternative crops;
produce alternative crops using water conservation equipment for
ag production purposes. The funds may be used to purchase land,
machinery, equipment, seed, fertilizer, plants, inventory or professional
services. The low interest rates for production loans may be applied
up to $250,000 and up to $500,000 for processing and marketing loans.
RURAL ECONOMIC & COMMUNITY DEVELOPMENT SERVICES
The Business and Industry Loan program provides
loans from $1 million to $10 million for business and industrial
acquisitions; land purchase, machinery and equipment, construction,
enlargement, or modernization; pollution control or abatement; working
capital; and refinancing when necessary to save jobs. The project
must be located in a city with less than 50,000 in population and
priority is given to projects in cities of less than 25,000. There
is no requirement the business be related to agriculture. Manufacturing,
retail, wholesale and services are eligible.
SBA FINANCE PROGRAMS
This program provides fixed asset financing at below-market
fixed rates of interest. The loan may be used to acquire land, construct
buildings, purchase land, buildings, machinery and equipment. The
504 loan is coordinated between the SBA and a private lender with
the lender covering 50 percent of the project and the SBA 40 percent
and the borrower 10 percent. The maximum participation by the SBA
is $1 million.
SBA
7(a) PROGRAM
The 7(a) program guarantees commercial lending institutions
up to 80% for loans under $100,000 and up to 75% for loans over
this amount and up to $750,000. Funds can be used to finance working
capital, fixed asset acquisition, including land, buildings and
equipment.
SPA LOW DOC PROGRAM
The Low Doc program was designed to simplify the
SEA application process and shorten the processing time for smaller
loans. To be eligible a business must have 100 or fewer employees;
and annual sales for the past three years must be less than $5 million.
The maximum loan amount is $100,000.
CITY OF NEWTON
- COMMUNITY PROFILE
LOCATION
Newton is located 70 miles northeast of Beaumont,
150 miles northeast of Houston, 245 miles southeast of Dallas, and
280 miles northeast of Austin. It is the county seat of Newton County.
MUNICIPAL SERVICES
Type of local government: Mayor/Council/Manager
Annual budget: $4,300,000
Bonded indebtedness: $1,800,000
City: G.O.: $None
Water rev: $200,000
County: $None
School: $None
Fire insurance class: .40 in city outside
Number of pumpers/trucks: 3
Number of full-time firemen: 0 EMT trained:
Number of volunteer firemen: 23 EMT trained: 5
Number of full-time city policemen: 3
Garbage service provided: City of Newton
Nearest landfill for comm./ind. use: Deweyville (South Newton County)
Landfill under construction in Deweyville area.
Public library: Yes Volumes: 16,000
Planning Commission: No
City zoning: No
UTILITIES
Water
Supplied by: City of Newton
Groundwater: Yes Surfacewater: No
Source: Wells
Capacity of water plant: 1,152,000 gpd
Average daily consumption: 250,000 gpd
Peak consumption:
Storage capacity: .416 mg
Ground: .216 mg Elevated: .2 mg
Pressure in mains: 60 lbs.
SEWER
Type of treatment plant: Oxidation
Percent of community served by sewer: 90%
Average daily load: .32 mgpd
Design capacity: .980 mgd
ELECTRIC SERVICE
City of Newton & Jasper/Newton Electric Coop
NATURAL GAS SERVICE
City of Newton
TELEPHONE SERVICE
Valor Telecommunications
Digital: Yes Analog: Yes ElectroMechanical:
No
Fiber optics: Yes Switched 56 KBPS: No
911: Yes-ANI
High capacity digital (T-1): Yes Digital
data service: Yes
Make/Model/Software level: DCO-19.0
Long distance companies: Numerous
CLIMATE
Average annual temperature: 67 degrees
Monthly average high temperature: 93 degrees
Monthly average low temperature: 40 degrees
Average annual rainfall: 56 inches
Elevation: 187' above sea level
TRANSPORTATION
Interstate within city limits: No
Distance to nearest Interstate: 53 miles
Interstate: I-10
U.S. Hwy.: 190
State Hwy.: 87
BUS LINES
Greyhound - Trailways; Southeast Texas Transit
RAIL
Name of railroad(s)
Santa Fe
Switching service: Yes
Piggyback service: Yes
BARGE TRANSPORTATION
Nearest Port Facility: Port of Orange, 30 feet deep
MOTOR FREIGHT
Red Ball Motor Freight, Central Freight - Tex Pack
AIR TRANSPORTATION
Nearest commercial airport: Jefferson County Airport
Distance: 80 miles
Name of airlines serving airport: Delta, Conquest, Continental
Express,
Nearest general aviation airport: Municipal Airport
Distance: 3 miles
Type of runway: Asphalt
Length of runway: 4,000 feet
Landing strip lighted: Yes
Instrument landing system: No
Private aircraft storage available: Yes
Private aircraft maintenance available: No
SERVICES
Machine shops: Yes
Number: 2
Tool & die service: Yes
If no, distance to nearest service: 70 miles
Electric motor repair: No
If no, distance to nearest service: 15 miles
Type of newspaper(s) in city: Daily and Weekly
Number of radio station(s): 2
Number of Antenna TV channels received: 3 Cable TV: Yes
Seating capacity of largest banquet room: 350
Number of banks in city: 2
Total assets: $90,000,000
HEALTH CARE
Number of hospitals: 0
IDistance to nearest hospital: Jasper, TX
Number of nursing homes in community: 1
Number of clinics available: 3
Medical personnel:
MD(s): 4 DVM(s): 4
PA(s): 2 Dentist(s): 1
REAL ESTATE & CHURCHES
Number of dwellings: 831 Owner
occupied: 461
Residential housing cost per sq. ft.: $50
Lot costs: $1,000
No. of rental housing available: 228 Cost:
$350
Rental apartments available: 10 Cost: $350-500
Churches: 45 total churches
POPULATION
| |
1970 |
1980 |
1990 |
2000 |
| City |
1,615 |
2,012 |
1,885 |
2,015 |
| County
|
10,372 |
12,012 |
13,569 |
|
| State
|
11,196,730 |
14,229,191 |
16,986,510 |
18,000,000 |
| 1990
Population by Race |
|
1990
Population by Age |
| Race |
Population |
Age |
Population |
| White |
1,330 |
0 - 13 |
492 |
| Black |
532 |
14 - 21 |
223 |
| Hispanic |
8 |
22 - 34 |
340 |
| Native Am. |
12 |
35 - 49 |
342 |
| Asian |
3 |
50 - 64 |
226 |
| Other |
0 |
65 - above |
262 |
|
Property
Tax |
| |
Rate per $100 Valuation |
Assessment % |
| City |
.18 |
100% |
| County & Lateral
Road |
.61 |
100% |
| School |
1.48 |
100% |
|
Sales
Tax %
State-6.25%
County-0%
City-1%
Eco. Dev. 1%
|
City of Newton
Tax Abatement Policy
The local tax abatement policy is one of the most generous
in the State of Texas because it not only abates the increased
value of real property for a qualifying business, but includes
the increased value of personal property as well. The policy
is based on the amount of investment by the company and
the number of full time permanent jobs at the facility.
|
|
Major Area Employers
|
| Company Name |
Location |
Product |
Employment |
| Newton ISD |
Newton |
School |
287 |
| Government Employment |
Newton |
State, County, City |
110 |
| Fillyaw Correctional Center |
Newton |
Private Prison |
183 |
| Retail Grocery |
Newton |
Supermarkets |
60 |
| Shady Acres |
Newton |
Nursing Home |
53 |
| Southern Wood Products |
Newton |
Lumber and Sawmill |
40 |
|