Water hose maker investing $11M in WacoWater hose maker investing $11M in Wacohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=194282018-03-13T05:00:00Z2018-03-13T22:10:00Z

​​​City of Waco signWACO – Water hose maker Swan Products is seeking local tax breaks for an expansion.

The company plans to invest $11 million in its facility at 700 Jewell Dr., and is pursuing tax breaks from the City of Waco.

Swan reportedly will hire 60 new full-time staffers in its proposed deal with the city.

Swan makes garden, industrial, and aeration hoses at its plant in Waco.​​

The city plans to give a 90 percent tax break for five years on the $11 million in capital improvements, and continue with a 65 percent break for two years after that, according to the Waco City Council meeting on March 6, 2018.

The city would collect about $103,000 in new tax revenue during the seven-year contract.

Waco Tribune-Herald
http://www.wacotrib.com/news/business/water-hose-maker-swan-products-seeking-local-tax-breaks-for/article_388c6e7a-65ce-52ad-a66b-2b1fb76ac517.htmlSource: {Source}

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