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Council approves TED incentive to bring Ferbrit cooling manufacturer to Innovation Factory
Summary
Council approved a Chapter 380 TED incentive package for Ferbrit (Ferber, Inc.) to expand manufacturing at the Innovation Factory; the three‑year package ties support to 30 jobs and includes recapture and a five‑year local operations commitment.
El Paso City Council approved a Chapter 380 economic incentive agreement Wednesday for Ferbrit (listed in materials as Ferber, Inc.), a company developing immersive cooling technology for data centers and high‑power computing operations.
City economic development staff said Ferbrit — a California‑based manufacturer — will use space in the Innovation Factory and that the incentives are designed to support local production, workforce development and supplier network connections. The proposed package…
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