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Council nominates National Oilwell Varco for Texas Enterprise Zone designation
Summary
Navasota approved a resolution nominating National Oilwell Varco (NOV) for designation under the Texas Enterprise Zone program; company representatives said planned capital investments exceed $5 million and the state program provides sales-and-use tax refunds funded by the state.
The Navasota City Council voted to nominate National Oilwell Varco LP (NOV) for designation as an enterprise project under the Texas Enterprise Zone program, approving Resolution 806-625.
Charlie Stutz, economic development coordinator, said the city previously authorized participation in the Texas Enterprise Zone program (citing the city's earlier ordinance) and that NOV sought the nomination for an expansion at 9475 FM 1227, legally described in the…
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