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Wichita County approves 10-year tax abatement for Sealed Air expansion in Iowa Park
Summary
The commissioners court authorized the county judge to sign a tax abatement with Cryovac Sealed Air Corporation for a $31.4 million investment and 25 new jobs, beginning Jan. 1, 2027, under a tiered 10-year abatement schedule.
The Wichita County Commissioners Court on June 24 authorized the county judge to sign a tax abatement agreement with Cryovac Sealed Air Corporation for an expansion at the company’s Iowa Park facility that the court said would involve a $31,400,000 investment and 25 new full-time positions.
The abatement, which follows the court’s April designation of a reinvestment zone for the site, would begin Jan. 1, 2027, run 10 years and use the same tiered percentage schedule as Sealed…
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