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Court approves Chapter 381 deal for Faith Technologies; company pledges capital investment and jobs
Summary
The court approved a Chapter 381 economic development agreement to support Faith Technologies’ planned El Paso operation, with staff citing a roughly $52.5 million capital investment and a multi‑year tax rebate tied to job and investment milestones.
The El Paso County Commissioners Court on Nov. 3 approved a Chapter 381 economic development agreement to support Faith Technologies’ planned expansion into El Paso County.
Economic development staff presented the proposed incentive package and milestones. The staff report described a project with a capital investment cited at $52,500,000 and a pledge to create full‑time jobs that pay above the county median wage. The recommended incentive structure…
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