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MEDC board approves incentives for Klein Tools expansion, authorizes executive-session agreement
Summary
The Mansfield MEDC board on July 1 approved a resolution to provide tax-incentive support for a ZAW Group/Klein Tools expansion that the city projects would create 400 full-time jobs and requires a minimum $100 million investment; the board also authorized an executive-session agreement with SL Companies subject to legal review.
MANSFIELD — The Mansfield Economic Development Corporation board voted July 1 to approve incentive terms for a phase‑2 expansion by ZAW Group for Klein Tools and to authorize, subject to legal review, an economic-development agreement discussed in executive session.
Jason, who presented the proposal to the board, described the project as including a 125,000‑square‑foot Class A office and a 460,000‑square‑foot warehouse and manufacturing facility. The presentation said the project would require a minimum capital investment of $100 million over four years and is expected to generate about 400 new full‑time jobs with an average annual wage targeted at $75,000.
The incentive structure described in the resolution (25‑896) includes two pieces: property‑tax rebates linked to new tax revenue for 2027–2031 and MEDC cash grants beginning in 2032. As presented, the MEDC grant component is capped at $15,000,000 over the life of the agreement. The presenter said the…
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