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Denton approves performance‑based incentive for drone manufacturer Criteo Sky after heated debate, 5–2
Summary
Council approved a Chapter 380 incentive package capped at $870,064 for Criteo Sky to lease a 167,000 sq ft facility and create projected jobs and investment; the vote followed extensive questioning about company maturity, military sales potential and transparency and a string of public objections.
The Denton City Council voted 5–2 on April 21 to approve a performance‑based Chapter 380 economic development package for Criteo Sky, a recently founded unmanned aerial systems (UAS) company proposing to lease space at 3411 Mingo Road and create jobs and capital investment over time.
Staff recommended incentives capped at $870,064 that include a 65 percent ad valorem rebate on qualifying new improvements and business personal property for eight years (with performance conditions and a cap of $498,564), a sales‑tax rebate on construction materials (cap $94,500), a job‑based grant and residency bonus (cap $227,000), and a…
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