Bryan Council Approves Property Tax Breaks For Honeywell Electronics Chemicals $120 Million Dollar Expansion

Screen shot from a city of Bryan document.
Screen shot from a city of Bryan document.

The Bryan city council approves property tax breaks for a $120 million dollar expansion by a local manufacturer.

The city’s economic development specialist, Todd McDaniel, says Honeywell electronics chemicals on Mumford Road will be making new products for the semiconductor industry. McDaniel says that fits the city’s targeted strategy for that sector.

McDaniel says the five year tax abatement will generate an additional $900,000 dollars in payroll with the creation of 10 to 12 jobs.

City background information says Honeywell, which has been in Bryan for more than 20 years, will generate an estimated $748,000 dollars in property tax revenue following the five year abatement period.

Click HERE to read and download the agreement approved at the November 12, 2024 Bryan city council meeting.

Click HERE to read and download city staff background information.

Click HERE to read and download presentation materials at the city council meeting.

Click below to hear comments from Todd McDaniel during the November 12, 2024 Bryan city council meeting.

 

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