Eco Devo: The Incentive Package for Schlumberger by Sugar Land

Because your clients want to know what the competition is getting:

• Incentives
  • Sugar Land Development Corporation direct incentive of $2.5 million  over 10 years in annual payments.
  • 1 time construction-related sales tax reimbursement grant of $750,000 will be paid once the project is completed.
• Tax Abatement
  • The city of Sugar Land will give a 100% abatement to the company over 10 years on real improvements and personal property.
  • The estimated value of this is $5.3 million over 10 years.
• Road Widening
  •  The city of Sugar Land will widen Industrial Boulevard to a four-lane divided roadway by 2017 as part of the agreement.
  • Add drainage improvements such as storm sewers and channels.  
  • The city costs will be $4.2 million
  • Fort Bend County will provide up to 25%, with a maximum of $1 million.

Houston Chronicle | Sugar Land City Council approves incentive package for Schlumberger campus