Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Carrollton approves up to $1.8 million in job-creation grants to PennyMac, 6–1
Summary
The council approved a resolution authorizing the city manager to negotiate an economic development agreement with PennyMac Loan Services LLC for up to $1,800,000 in job-creation grants tied to certification of 1,200 employees; the vote passed 6–1 with Council Member Fleming opposed.
Council pulled Item 25 from the consent agenda for separate consideration: a proposed job-creation grant program for PennyMac Loan Services LLC at 5025 Plano Parkway.
Economic Development Director Jenny Zolflder described the incentive as a cash job-creation grant not to exceed $1,800,000, paid as PennyMac certifies hires under a 10-year agreement. "The incentive is for 1,200 employees," Jenny said; staff said payments would be tied to certification tranches (first…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
