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Board approves amendment to Frasier incentive agreement, extends occupancy deadline
2354136 · February 20, 2025
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Summary
The board approved Amendment No. 1 to a direct incentive agreement with Frasier Limited, extending the company's occupancy timeline and confirming $540,000 in incentives over 10 years; staff said Frasier will create 286 jobs and invest $4 million in facility expansions.
Nan Li, budget and compliance analyst, presented an amendment to the direct incentive agreement between the Sugar Land Development Corporation (SLDC) and Frasier Limited, describing the company's relocation and a requested extension to its completion deadline.
Li said the original 10-year direct incentive…
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