Tyson, Brookshires earn Sherman incentivesTyson, Brookshires earn Sherman incentiveshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=71012013-06-14T08:59:00Z2013-06-13T00:00:00Z

SHERMAN - The Sherman Economic Development Corp. (SEDCO) Board of Directors approved an incentive agreement that will pay Tyson Foods $460,000 during the next two years as the company continues its capital investments to the level of $11 million and 75 new jobs.

Tyson initially announced the expansion project in February as part of planned capital investments of more than $40 million in four of its plants.

SEDCO President Scott Connell said. “The commitment for this year is $4 million and they’re $5 million into it, so they’re ahead of schedule.” Connell said Tyson’s long-term investment, allows SEDCO to plan for “some things down the road.”

“They’re the largest employer in the county and it’s a significant opportunity for us to continue to work with our existing employers who continue to make investments here," Connell said.

The SEDCO Board of Directors also approved a $160,000 infrastructure incentive for a new Brookshire’s Food, Pharmacy and Fueling Station at 1125 N. FM 1417.

Brookshire’s secured site plan approval and ordinance exceptions for the proposed 42,240-sf grocery store during last month’s Planning and Zoning Commission meeting. The company plans to begin construction later this year and open for business sometime in 2014.

Read more at the Herald Democrat.

Herald Democrat
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