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Council approves Chapter 380 incentive for Flanders project expected to create 50 jobs
Summary
Longview approved a Chapter 380 economic development incentive for Flanders CR Intermediate Inc., citing a capital investment over $1 million, retention of 58 jobs and creation of 50 new positions that pay above the county average.
The City Council unanimously approved an economic-development incentive agreement under Chapter 380 of the Texas Local Government Code for Flanders CR Intermediate Inc.
Heather Malone of the Longview Economic Development Corporation described the project as a legacy-industry expansion: a capital investment exceeding $1,000,000 that will diversify production, retain 58 existing jobs and create 50 new jobs. Malone said the projected return to the community on the incentive would be less than 2½ years based on the impact study.
Council members praised the focus on retention as well as expansion. The resolution passed by raised-hand vote with unanimous approval.
Next steps: staff will finalize the Chapter 380 agreement and proceed with required administrative actions to implement the incentive.
