CONTRACTAPPROVED

Dallas Approves $2.7 Million Scotiabank Incentive

Disclosed value: Chapter 380 grant not to exceed $2,700,000.00; estimated tax revenue foregone of $831,308.00 over ten years; From agenda
Approved: Aug 27, 2025
Term: Tax abatement for ten years
Renews: Mar 2027; Free account

What it covers

Dallas approved an economic-development incentive agreement with The Bank of Nova Scotia or an affiliate for a new regional office. The package includes a ten-year tax abatement and a Chapter 380 grant of up to $2.7 million.

Who holds it

Bank of Nova Scotia holds this contract with City of Dallas city. Its other public contracts on record include work for Township of The North Shore and Town of Picture Butte.

What happens next

The renewal date is on record. Get free alerts for pre-RFPs like this one, matched to what you sell.

Renewal date on recordLocked

Get pre-RFPs for work like this before the bid is out.

Get pre-RFP alerts free

Free account · 30-second setup · No credit card

Contract details

Amount: Chapter 380 grant not to exceed $2,700,000.00; estimated tax revenue foregone of $831,308.00 over ten years
Document date: August 27, 2025
Term: Tax abatement for ten years
Renews: On record
Vendor: Bank of Nova Scotia
Agency: City of Dallas city
Source document: City of Dallas Agenda 2025-08-27 (Agenda)

Bank of Nova Scotia's other public contracts

Township of The North Shore, ONTownship Maintains Credit Facility with Bank · Oct 21, 2026 Town of Picture Butte, CanadaRegulator Confirms Scotiabank Branch Closure Compliance · Aug 10, 2026Undisclosed Municipality of Central Elgin, CanadaMunicipality reinvests funds with Bank of Nova Scotia · Aug 7, 2026 Town of Whitecourt, CanadaBanking Services Agreement Extension Recommended for Approval · Jun 15, 2026Undisclosed Town of Grimsby, CanadaGrimsby Holds Long-Term Bank of Nova Scotia Bond · May 28, 2026Undisclosed All Bank of Nova Scotia contractsVendor profile

More City of Dallas city contracts

Parliament DriveDPFC Plans Memory Lane Development Term Sheet · Oct 23, 2026Undisclosed Hilltop SecuritiesHilltop Securities Underwrites DPFC Memory Lane Project · Oct 23, 2026Undisclosed Builders of HopeDPFC Plans Trinity West Transaction With Builders · Oct 23, 2026Undisclosed Transition Resource Action CenterDallas Plans Youth Homeless Services Agreement With Transition Resource Action Center · Oct 23, 2026 Bracewell LLPBracewell Advises DPFC on Memory Lane Project · Oct 23, 2026Undisclosed All City of Dallas city activityAgency profile

Questions about this contract

Who was awarded the government contract by City of Dallas city?

Bank of Nova Scotia was awarded this government contract by City of Dallas city, as recorded on August 27, 2025. The contract value is Chapter 380 grant not to exceed $2,700,000.00; estimated tax revenue foregone of $831,308.00 over ten years.

How much is the Bank of Nova Scotia contract with City of Dallas city worth?

The Bank of Nova Scotia contract with City of Dallas city is valued at Chapter 380 grant not to exceed $2,700,000.00; estimated tax revenue foregone of $831,308.00 over ten years.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Dallas Agenda 2025-08-27 (Agenda), dated August 27, 2025 from City of Dallas city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

Show 2 more questions

What other contracts does Bank of Nova Scotia hold?

Bank of Nova Scotia may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Dallas city currently buying?

Explore City of Dallas city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

Work in government? Get Civic IQ free →

More City of Dallas city contracts →Browse all agencies in Texas →