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County approves incentives, agreement amendment for Invasus expansion in Texas Central Park
Summary
McLennan County Commissioners Court approved an amended industrial business grant and a project agreement to bring a second Invasus facility — an 83,000-square-foot aluminum can-lid production line — to the company's existing site in Texas Central Park, supporting a minimum $55 million in new investment and 71 new jobs.
The McLennan County Commissioners Court voted to amend an existing industrial business grant agreement and to approve a new project agreement with Invasus Commerce LLC and IZ Texas LLC to support a second production facility in Texas Central Park in Waco. The court approved staff recommendations that include a $600,000 WEDMEC grant (county portion $300,000) and an amendment to the existing industrial business grant that increases the county's incentive exposure by about $350,000, bringing the total incentive package for the combined projects to about $1,850,000. Chris, an economic development staff member for McLennan County, said the new project will add an 83,000-square-foot facility…
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