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Denton board recommends United States Cold Storage for Texas Enterprise Zone nomination
Summary
The Economic Development Partnership Board voted to recommend the city council nominate United States Cold Storage LP for designation under the Texas Enterprise Zone program for a planned $35 million expansion and an estimated 320 full-time jobs.
The Economic Development Partnership Board on Sept. 10 voted to recommend the City Council nominate United States Cold Storage LP for designation as an enterprise project under the Texas Enterprise Zone program, a state incentive that can reimburse companies for sales and use taxes tied to qualified expenditures.
Erica Sullivan, the city’s economic development program administrator, told the board the company plans about a $35 million expansion at its Denton facility, including a roughly 100,000-square-foot addition and investment in machinery and equipment. Sullivan said the project, if all new and retained jobs qualify, could yield up to about $800,000…
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