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Council reviews multiple proposed economic-development items, including Longhorn Realty infrastructure grant and business incentives
Summary
At the March 17 workshop staff outlined a slate of proposed future agenda items including an infrastructure grant for Longhorn Realty’s medical facility expansion, a $10,000 rental incentive for a Pilates studio, and business-retention/expansion incentives for Material Design Solutions and Houston Polybag.
City staff presented several proposed economic-development and incentive items at the March 17 workshop that staff said are budgeted and will be placed on future agendas for council consideration.
Staff described an infrastructure grant request from Longhorn Realty for a medical facility expansion (location cited in the packet) with a proposed grant not to exceed $91,835. Staff said the project would add about 11,400 square feet to an existing 7,500-square-foot facility to create a vascular surgery center and that the applicant’s total capital investment was approximately $6,300,000; staff said the applicant expects to add 45 employees at the expanded site. If the item proceeds it will be presented as a resolution on a future agenda.
Staff also described a rental-incentive proposal not to exceed $10,000 for a Pilates studio at 1417 Grand Drive and a business-retention expansion proposal for Material Design Solutions, which staff said proposes a capital investment near $8,000,000 and a approximately 30,000-square-foot manufacturing headquarters. Separately, staff described a proposal for Houston Polybag (noted as having 13 current employees) to add equipment and roughly 40 new employees; the proposed incentive shown in the packet for Houston Polybag totaled $48,601 (based on a five-year net-benefit calculation and the city’s incentive formula).
Staff said these projects were included in the budget and that some items will require additional EDC or council approvals depending on whether they qualify as primary job projects; staff urged council members and the EDC to review packet materials and to raise questions ahead of formal agenda consideration.
No formal council votes occurred on these items during the workshop; staff said items will appear on future council agendas and, where applicable, on EDC agendas.
