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DeSoto approves up to $600,000 Chapter 380 package to retain and expand Allied Interiors
Summary
The council authorized the city manager to finalize a Chapter 380 economic development agreement with Allied Interiors (Square Cabinetry) providing tax rebates tied to a $22 million expansion and job growth, with compliance and clawback provisions.
The DeSoto City Council unanimously authorized March 4 the city manager to negotiate and enter a Chapter 380 economic development agreement with Allied Interiors (doing business as Square Cabinetry / Allied Stone Inc.) not to exceed $600,000 to support the company’s planned expansion in DeSoto.
Economic Development Manager Antoine Long told the council Allied Interiors began operations in DeSoto in 2016, has expanded twice and plans a third expansion that the company estimates will involve roughly $22,000,000 in new investment and a percentage…
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