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Temple EDC reports new investments, highlights Korean aerospace manufacturer site
Summary
Temple Economic Development Corporation told the council it recorded $122 million in announced investment in FY24, reported 124 new jobs tied to those projects and highlighted a South Korean aerospace supplier’s first U.S. manufacturing facility in Temple; the EDC said growth is driving larger taxable valuation and reinvestment-zone gains.
Mr. Canade, representing the Temple Economic Development Corporation, delivered the EDC’s annual report to the Temple City Council, describing fiscal-year activity and recruitment efforts aimed at growing primary jobs in the community.
The EDC reported $122,000,000 in total investment announced during the past fiscal year and said 124 new jobs were announced in connection with those projects. Mr. Canade told the council that taxable valuation grew about 8% year over year and that the Reinvestment Zone—largely the city’s industrial park—has increased by about 60% over the past five years. "We are primary job focused, and so our desire is to grow primary jobs…
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