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Record tax incentives for Allergan seen as price of progressRecord tax incentives for Allergan seen as price of progresshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=132672016-05-25T05:00:00Z

​​WACO - Allergan is up for a record amount of economic development incentives to expand its Waco plant, but local officials said they didn’t hesitate to make the offer.

Waco City Council signed off on a tax deal unprecedented in size and length for this community—worth $13 million over 20 years for the $177.6 million plant expansion.

McLennan County commissioners in June will consider a similar deal worth $8.1 million over 20 years.

For both entities, the tax grants represent about two-thirds of the new tax revenue coming from the expansion.
Waco Tribune-Herald
Waco
Industrial
http://www.wacotrib.com/news/business/record-tax-incentives-for-allergan-seen-as-price-of-progress/article_6fdd2fa0-e9ea-5377-bc37-a5850c3e5374.html

​See previous story Allergan coughs up $200M for 322,000-SF expansion in Waco​​.

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