Tyson Foods has plans to build a distribution center in Denton, Texas. The proposed facility would be a 350,000 square foot refrigerated warehouse valued at $30.6 million. Tyson has asked local leaders for financial incentives to build there, according to a report from WATTAgNet.
Tyson said about 100 people would be employed there. The Denton City Council is expected to vote on the matter in January. If the council approves the request, the city would pay out $735,000 over a six-year period, with most of those funds coming in the form of electricity discounts, reported the Denton Record Chronicle. The incentive program is know as the electric growth rider, in which Denton helps recruit industrial users that consumer electricity at a steady-around-the clock rate.
The Denton Economic Development Partnership Board has recommended that the city fully fund Tyson Foods’ request. However, the council has the option to approve a smaller amount of funding, or to not fund the project at all.
