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British bell rings for Brenham jobs and facilityBritish bell rings for Brenham jobs and facilityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=45382014-04-08T10:01:00Z2014-03-31T00:00:00Z

BRENHAM, WASHINGTON COUNTY - Ground has broken for British-based Precision Polymer Engineering (PPE). The company will lease a $3.3 million, 30,000-sf facility on a five-acre site in the Brenham Business Center near Hwy. 290 by GSL Constructors.

PPE is expected to create 22 jobs during the first year of operation and 60 new jobs over a five-year period. Salaries will average about $46,000, according to Clint Kolby of the Brenham Economic Development Foundation (BEDF).

PPE will invest $3.7 million in capital for machinery and equipment in the first year and another $8.3 million in capital improvements after five years.

The company has received a tax abatement from the Brenham City Council, which will allow a portion of city property taxes to be set aside.

Both PPE and GSL Constructors will receive $635,175 in total abatement during the tax phase-in period but will have paid a total of $1,143,685 in new taxes during the same period, according to the BEDF.

British-based Precision Polymer Engineering manufactures rubber products for industrial customers.

Read more at the Brenham Banner Press and Precision Polymer Engineering. You've read it, now listen to more "Small Towns, Big Deals" on Podcast 203.

Brenham Banner Press
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