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County approves incentive agreement to advance Schneider Electric expansion talks
Summary
El Paso County commissioners authorized a Chapter 381 economic development agreement to support Schneider Electric’s proposed $50.3 million advanced-manufacturing investment and potential creation of more than 500 jobs, while stressing that final company commitments and further steps remain outstanding.
El Paso County’s commissioners on Monday voted to approve a Chapter 381 economic development agreement that begins a structured incentives process to support Schneider Electric’s evaluation of a possible manufacturing expansion in the region.
The agreement — to be signed by the county judge — does not finalize a relocation or expansion; it creates a framework of incentives and conditions Schneider and a commercial partner must satisfy if the company elects to proceed. Roberto Ransom, director of the county’s Economic Development Department, described the project to commissioners as a capital‑intensive proposal that could bring about $50.3 million in investment and more than 500 full‑time jobs if the company makes a final commitment.
County officials and…
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