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Taylor approves incentives for Compel Technology project promising $200M investment and 900 jobs
Summary
The council unanimously approved tax abatements and economic incentives for Compel Technology (Compal) to locate a 366,000 sq. ft. facility in Taylor, citing a projected $200 million capital investment and up to 900 jobs; incentives are performance-based with clawbacks, and council and staff said payments are structured so obligations are limited to the project's PID/assessments and local incentives.
Taylor City Council unanimously approved a package of tax-abatement and economic-development incentives Dec. 11 for Compel (Compal) Technology Inc., a company that plans to occupy a 366,000 square‑foot facility at 1069 FM 3349 in the RCR Rail Park.
Ben White, president and CEO of the Taylor Economic Development Corporation, described the package as performance-based with clawbacks and said the EDC and city approved related grant agreements. White said the project would involve 'a minimum of $200,000,000 capital investment' and…
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