Information

  1. An Offer Letter is a written document that outlines the community’s initial incentive offer to the prospect.
  2. The Offer Letter is NOT a binding contract.
  3. An Offer Letter is sent to a prospect after the staff and KEDC leadership have reviewed the Economic Impact Analysis.
  4. The Offer Letter is the beginning of negotiations with the prospect.
  5. An Offer Letter can be submitted to the prospect with a clear understanding that the offer is contingent on the approval of the authorizing agencies.
  6. Cash incentives are subject to the official approval of the Killeen Economic Development Corporation.
  7. Tax abatement agreements are subject to the official approval of the Killeen City Council.