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EIC moves to close James Avery incentive agreement after executive session; board says company met terms
Summary
After a closed session, the EIC board voted that James Avery met the terms of its incentive agreement. Company and staff recapped employment impacts, capital investments and pandemic-era disruptions; the board adopted a motion that the contract is satisfied and terminated.
The Kerrville Economic Improvement Corporation voted in open session following an executive session to conclude that James Avery has met the terms of its incentive agreement and that the agreement is satisfied and closed.
James Avery executives described how the company and its workforce were affected by the COVID-19 period, noting temporary shutdowns, exceptional turnover and a later rebalancing of operations. Company representatives said the original 2015 agreement and a 2021 amendment were negotiated before the pandemic and that the business…
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