The Type A Fund is a business and job generator that was voted on and approved by Corpus Christi voters in 2002. The sole purpose of the fund is to help keep our city competitive in attracting and retaining businesses and jobs. The citizens of Corpus Christi are helping our city grow by dedicating 1/8 of a cent of sales tax collected toward economic development and job growth. An estimated $6 million in revenue is collected in the fund each year. Since 2002, The Type A Fund has helped assure many major projects become reality as well as aided the expansion of dozens of small businesses. Noteable projects like Whataburger Field, M&G Resins and Schlitterbahn have all utilized a portion of this tax and could not have been possible without this show of commitment from the community. The Type A Fund plays an important role in the vitality of our city and is a shining example of how citizen support can grow a healthy economy.
The Type A Sales Tax has a proven track record. It has incentivized companies to come here, to expand their business here, helped train our residents for jobs that are here right now, and helped small businesses grow. There are 216 cities in Texas that currently have a Type A sales tax. Corpus Christi competes against all of these for various projects. This tax is a competitive advantage in attracting and keeping companies in the City.