On December 12, 2024, the San Antonio City Council approved two key ordinances aimed at enhancing the City’s Economic Development Incentive Fund (EDIF) and Tax Abatement Guidelines. These updates are designed to support the city’s ongoing growth while ensuring protections for local workers.
District 5 Councilmember Teri Castillo, who serves on the Economic Development & Workforce Committee, voted in favor of the ordinances. The committee collaborated with labor representatives to include crucial provisions focused on local hiring, prevailing wages, and safety standards.
The updated ordinances include the following provisions:
“With San Antonio on the cusp of historic redevelopment and growth, we must ensure that the workers who build San Antonio receive protections and competitive wages,” stated Councilmember Castillo. “The passage of the new incentive updates demonstrates that we can build our city while also building up San Antonio’s working families.”
The new ordinances, which go into effect on January 1, 2025, mark a significant step in aligning the city’s economic development efforts with the needs of its workforce.