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Dallas Approves $2.7 Million Scotiabank Incentive

City of Dallas city logoCity of Dallas city
Disclosed value
Not to exceed $2,700,000.00; estimated tax revenue foregone of $831,308.00 over ten years
From minutes
Approved
Aug 27, 2025
Renews
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The 30-second brief

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 up to $2.7 million in Chapter 380 grant funding.

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

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Contract details

Amount
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; grant term not otherwise stated
Renews
On record
Vendor
Bank of Nova Scotia
Agency
City of Dallas city
Source document
City of Dallas Minutes Voting Agenda Meeting 2025-08-27 (Minutes)

Bank of Nova Scotia's other public contracts

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

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Parliament DriveDPFC Plans Memory Lane Development Term Sheet · Oct 23, 2026UndisclosedHilltop SecuritiesHilltop Securities Underwrites DPFC Memory Lane Project · Oct 23, 2026UndisclosedBuilders of HopeDPFC Plans Trinity West Transaction With Builders · Oct 23, 2026UndisclosedTransition Resource Action CenterDallas Plans Youth Homeless Services Agreement With Transition Resource Action Center · Oct 23, 2026Bracewell LLPBracewell Advises DPFC on Memory Lane Project · Oct 23, 2026UndisclosedAll 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 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 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 minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

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

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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.

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