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Dallas County OKs $1.9M abatement for Proctor & GambleDallas County OKs $1.9M abatement for Proctor & Gamblehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=24172014-11-19T13:45:00Z2014-11-19T00:00:00Z

WILMER - Dallas County has approved a tax abatement worth about $1.9 million for Procter & Gamble’s new distribution facility.

The $50 million facility near I-45 and Mars Rd. is currently under construction and is set to open in early 2015.

The county will rebate 75 percent of the site’s real property taxes, plus 50 percent of the taxes collected from the business personal property held in the site. Those rebates are estimated to total about $191,000 each year. That amount will be abated annually for ten years.

The facility is expected to add more than $100 million to the tax rolls. During the abatement period, the county expects to collect about $130,000 in new revenue each year.

Procter & Gamble has also promised to create at least 390 jobs at the facility with an average salary of $29,500.

For more on the new facility, see previous story Proctor & Gamble wrapping up Wilmer project, hiring 500.

Dallas Morning News
Dallas-Fort Worth-Arlington
Industrial
http://thescoopblog.dallasnews.com/2014/11/dallas-county-approves-tax-incentives-for-new-pg-plant-in-wilmer.html/Read more at {Source}

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