Bryan City Council Approves Toyo Ink Incentives

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:

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Southerland followed with the following observation.  Click below:

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Mayor Jason Bienski was the most vocal supporter.  Click below.

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Councilman Paul Madison wanted to extend the invitation to other existing businesses.  Click below:

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The city would collect over $53,000 in property tax revenue over the next five years if Toyo builds.

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