The Denton Economic Development Partnership Board has recommended tax incentives for Tyson Foods when it builds a 350,000-square-foot storage and distribution center in the city.
The company plans to build a highly automated distribution center near the intersection of Jim Christal Road and Western Boulevard that would employ 100 people full time at the average wage of $24.82 an hour, according to documentation from the city. The land is in the contract stages, and the sale has not been finalized.
The company is planning to come to Denton and has asked for incentives that would total $734,436 over six years, which would be generated by a 25 percent tax abatement on business personal property for six years. The company estimates it will invest $30.6 million in business personal property for the project. With other land improvements, the total valuation of the new building is expected to be $51.6 million, according to city documents.
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