Economic Development board recommends Chapter 380 incentives for U.S. Cold Storage expansion in Denton

The Economic Development Partnership Board on a voice vote recommended that the City Council consider a Chapter 380 incentive package for United States Cold Storage to support a planned expansion at its Denton facility.

Erica Sullivan, economic development program administrator for the city, told the board the project would add a roughly 100,000‑square‑foot expansion on the company’s existing tract at 3255 Jim Cristal (as reported in the staff packet), involve about $35 million in capital investment and create 72 new jobs with a weighted average wage of about $50,583. Sullivan described the request as a performance‑based proposal that would return 60% of ad valorem taxes on improvements and business personal property for eight years and a one‑time 75% rebate of sales and use tax on construction…