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Fortune 100 company distribution center to South SideFortune 100 company distribution center to South Sidehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=166562017-05-25T05:00:00Z2017-05-25T19:00:00Z

​​SAN ANTONIO – A tax incentive package has been approved to lure the Massachusetts parent company of T.J. Maxx and Marshalls to build a $150 million distribution center on the city's South Side.

TJX Companies Inc., a Fortune 100 company, will create 1,000 jobs over five years on the city's South Side and construction on the 1.5 million-sf warehouse is expected to be completed by the end of 2019.

The city agreed to not annex—for at least 15 years—the 1,200 acres near Mission Espada where TJX plans to build the warehouse; a move intended to keep the company's property taxes low.

The 1,200-acre lot—currently owned by Redus Texas Land—land falls outside of city limits so it's ineligible for city incentive funds and tax abatements.

The site will be bounded by Loop 410 on the north, Goeth Rd. on the south, the San Antonio River on the east and US 281 on the west.

TJX has told the city it intends to pay employees at least $10 an hour and provide health and retirement benefits for eligible, full-time employees.

MySA.com
San Antonio-New Braunfels
Industrial
http://www.mysanantonio.com/business/local/article/San-Antonio-City-Council-OKs-tax-package-for-11155840.phpRead the full article at {Source}

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