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Round Rock lures ProPortion Foods with incentive packageRound Rock lures ProPortion Foods with incentive packagehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=113652015-12-09T06:00:00Z2015-12-09T16:00:00Z

​​​ROUND ROCK - The City of Round Rock approved an economic development agreement with ProPortion Foods LLC for the company to expand to Round Rock. 

Los Angeles-based ProPortion Foods creates and packages frozen foods and distributes to retailers.

According to the agreement, ProPortion Foods will hire 400 full-time positions as well as invest at least $13 million in facility upgrades at 101 Chisholm Trail, formerly occupied by food distributor Sysco.

In exchange, the city will provide a 50 percent property tax abatement for seven years as well as $400,000 in economic incentive payments for three years: $200,000 in 2017, $100,000 in 2018 and $100,000 in 2019.

Community Impact Newspaper
Austin-Round Rock
Industrial
http://communityimpact.com/2015/12/03/round-rock-approves-economic-development-agreement-with-proportion-foods/Read more at the {Source}

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