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County approves incentives for Electrolyt’s first U.S. production facility in Waco; $2.5M program grant recommended
Summary
McLennan County on Oct. 21 approved a 15-year industrial personal-property grant and a $2.5 million program/project reimbursement for Electrolyt Manufacturing USA’s new facility in Waco; the project includes a minimum $220 million investment and up to 149 new jobs at an average wage of $54,000.
McLennan County Commissioners Court on Oct. 21 approved economic development incentives for a pharmaceutical/medical‑bioscience supplier planning its first U.S. production facility in Waco.
Chris Collins, county economic development staff, presented two related agreements: a proposed 15‑year industrial business personal‑property grant with Brazos River Ventures LLC (the project owner) and Electrolyt Manufacturing USA Inc., and a $2.5 million program/project reimbursement agreement (presented as a WebMEC-style assistance package) to help offset infrastructure costs. The…
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