About New Boston SIDC tells you when it was formed and how it receives incentive income to help their Mission.
The New Boston Special Industrial Development Corporation was incorporated on October 18th, 1990 by Resolution of the City of New Boston pursuant to the Development Corporation Act of 1979 (Article 5190.6, Sec 4A, Vernon’s Texas Civil Statues).
The citizens of New Boston have passed a 1/2 cent sales tax (Type A) dedicated solely to the pursuit of industry. The New Boston SIDC has successfully attracted industries to our area in the past by the use of land, cash and tax abatement incentives.