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Council approves three economic incentives totalizing hundreds of millions in projected investment
Summary
The council approved three incentive agreements recommended by the Lubbock Economic Development Alliance: Leprino Foods ($165M investment, 15 jobs, $500,000 incentive), Hidden 8/Suncrest ($15.4M, 110 jobs, $250,000 incentive), and Industrial Molding ($1.27M, 25 jobs, $50,000 incentive). The measure passed 5–2 after brief debate about government subsidies.
The Lubbock City Council voted Feb. 10 to approve three economic incentive agreements forwarded by the Lubbock Economic Development Alliance.
Brianna Brown, business development director, presented the proposals: Leprino Foods Company plans an expansion at its existing Lubbock facility (4301 East 19th Street) with an anticipated capital investment of about $165,000,000 and…
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