Wichita County OKs resolution to create Sealed Air reinvestment zone for Iowa Park expansion

Wichita County commissioners on April 8 authorized the county judge to sign a resolution designating “Cryovac Sealed Air Reinvestment Zone No. 2,” a step that makes the Iowa Park facility eligible to apply for a property-tax abatement tied to a proposed capital investment.

BDO representative David Earl told the court the company is considering a $31,400,000 investment at the Iowa Park site and expects to add 25 jobs. "Sealed Air is a trusted partner here in Wichita County," Earl said during the public hearing, which opened at 10:20 a.m. and closed at 10:30 a.m.

The reinvestment-zone designation mirrors a prior zone covering Sealed Air’s Iowa Park site and is a preliminary administrative step required under Texas Tax Code Chapter 312 for the company to be eligible for an abatement. Earl said installation would start in October 2025 if the project proceeds and estimated the investment would generate roughly $2 million to $2.5 million in total property-tax revenue over 10 years, shared between Wichita County and Iowa…