Round Rock, Texas, is a community built on the Power of Partnerships. The second-fastest growing city in America, with an estimated population of 104,446, it is evident that Round Rock is an attractive and prosperous city.
Round Rock ranked at No. 7 on MONEY magazine's 2008 list of America’s Best Places to Live, and was No. 6 on Kiplinger's Best Places to Live, Work and Play. Kiplinger's ranking looks for places with "strong economies and abundant jobs, then demand reasonable living costs and plenty of fun things to do."
In 2010, Round Rock was rated the No. 9 safest city with a population of 100,000 or more in the United States by an independent survey using FBI crime data, and made the 2007 list of 100 Best Communities for Young People.
Round Rock, site of Dell world headquarters, is recognized as a driving force for economic development in Central Texas.
Economic prosperity leads to availability of quality education and healthcare, accessibility to retail shopping and restaurant venues and beautiful parks and neighborhoods. Unlike other areas in the country, Round Rock has avoided crippling taxes that burden industrial development. In fact, Round Rock offers tax breaks for business interests, and the State of Texas has no corporate or personal income tax. Best of all, Round Rock has the lowest property taxes in the region.
Round Rock has the proper infrastructure in place to work with local industries to determine the best package that can be offered for each project. This is done in a refined and expedited manner. On a case-by-case basis, Round Rock offers a variety of incentives, which could include tax abatement, foreign trade zone, reinvestment zone, and Freeport exemptions.
Over the past 15 years, Round Rock has actually lowered property taxes while expanding services to citizens and businesses. In fact, one half-cent of the municipal sales tax collected is dedicated to the reduction of property taxes. Residents and businesses pay the lowest combined average monthly utility cost in Central Texas and Round Rock has a property tax rate that is among the lowest of any medium or large city in the state.
Economic Development Partnership
The Round Rock Economic Development Partnership, a division of the Round Rock Chamber of Commerce, was founded in 2004 and is funded through a public/private partnership between the City of Round Rock and the Momentum investors of the Round Rock Chamber of Commerce. The Round Rock Economic Development Partnership is monitored by an Oversight Committee representing the City of Round Rock and the Momentum investors. Additionally, the Economic Development Council of the Round Rock Chamber of Commerce has active committees that offer volunteer input and participation in the economic development program.