Bryan City Council Approves Toyo Ink Incentives
Featured Stories Tuesday, September 7th, 2010
A majority of Bryan City Council members enthusiastically supported economic development incentives for a local manufacturer.
Toyo Ink is considering a $6 million dollar expansion that would create 20 new jobs, adding $1 million dollars in payroll plus full benefits.
In exchange for the 20,000 square foot expansion, Toyo has asked the city to charge half the $20,000 fee for a building permit and give up $13,000 in property tax revenue over the next five years.
Councilman Mike Southerland, who voted against the request, questioned Deputy City Manager Joey Dunn. Click below:
Southerland followed with the following observation. Click below:
Mayor Jason Bienski was the most vocal supporter. Click below.
Councilman Paul Madison wanted to extend the invitation to other existing businesses. Click below:
The city would collect over $53,000 in property tax revenue over the next five years if Toyo builds.
Short URL: http://wtaw.com/?p=8714
Posted by Bill Oliver
on Sep 7 2010. Filed under Featured Stories.
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