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Denton reports record 392 incentivized jobs and $344.5 million in capital investment in 2025; Novartis and Panel Ray among noted projects
Summary
City staff presented the 2025 economic development annual report on March 11, saying incentivized projects produced 392 jobs and $344,500,000 in capital investment; staff highlighted Panel Ray's expansion, Novartis Gene Therapies' announced move, and an active pipeline that includes Project Cloud and a closed-session item on Project Orange.
City economic-development staff presented the Economic Development Partnership Board with a 2025 annual report on March 11 that the city described as a record year for incentivized activity.
The report, presented by staff, said incentivized projects processed by the office in 2025 are expected to create 392 jobs and generate $344,500,000 in total capital investment. Staff named several projects: Panel Ray (a gypsum-compound manufacturer) is expected to create 20 jobs with about $15 million in capital investment, and Novartis Gene Therapies was reported to have officially announced a…
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