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Council nominates Flint Hills Resources for state enterprise zone for $150M investment, 500 retained jobs
Summary
The council approved a resolution nominating Flint Hills Resources for the Texas Enterprise Zone Program after staff described the company's $150 million capital investment package and retention of 500 jobs; councilmembers noted the tax/IDA tradeoffs that accompany incentive nominations.
The City Council voted to nominate Flint Hills Resources for the Texas Enterprise Zone Program after a presentation from the Corpus Christi Regional Economic Development Corporation.
Randy Almaguerre of the regional economic development corporation told council that Flint Hills is seeking state enterprise zone designation tied to a capital investment (machinery and…
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