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Seven Local Companies Again Exceeding Minimum Requirements For Economic Development Agreements

Seven local corporations that have tax abatement or other economic development agreements continue to exceed minimum requirements to keep those incentives.

That’s what the Brazos County commission and the city councils in College Station and Bryan are hearing this week from the Brazos Valley economic development corporation (BVEDC).

The EDC’s Charles Martinez reviewed data from the corporation’s activities in 2018.

As a group, the number of employees rose from 900 to more than 1,300 last year. The combined payroll rose from $54 million to $78 million dollars. And the group’s assessed property tax valuation rose from $307 million to $425 million last year.

Martinez says another contributing factor is taking advantage of Texas being the most business friendly state in the U.S.

BVEDC manages economic development agreements with the county and the cities for Advanta U.S., Axis Pipe and Tube, FujiFilm Diosynth Technologies, Lubrizol Specialty Products, Nutrabolt, ViaSat, and Wayfair.

Click HERE to read and download the BVEDC 2018 incentives compliance report.

Click below for comments from Charles Martinez at the June 11, 2019 Brazos County commission meeting.

Listen to “Brazos Valley Economic Development Corporation reports seven economic incentive agreements exceeded benchmarks in 2018” on Spreaker.

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Posted by on Jun 12 2019. Filed under Featured Stories, Local News for Newsletter, News.
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