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HomeMy WebLinkAbout(P4) PAEDC Projects Report_08.16.22_council copy Current Economic Development New/ Expansion Incentive Projects August 2022 Year Effective Year Expiring Incentive Recipient Incentive Received 2017 2022 Port Arthur Recycling Amt: $158,700 PAEDC reimbursed Port Arthur Recycling for equipment purchased to expand their metal recycling business on Hwy 365. Port Arthur Recycling promised to employ 18 additional employees over three years. PA Recycling may earn credits in the amount of $1.00 for every $9.16 in payroll to Port Arthur residents. 2017 2022 KLV Ventures Amt: $326,000 PAEDC provided a conditional grant to KLV to assist in the expansion of their operations into Port Arthur. KLV promises to employ and maintain 14 Port Arthur residents over a five year period. KLV shall receive a $1.00 credit toward their incentive for every $5.90 of payroll to Port Arthur residents. 2018 2022 K&D Marine Amt: $119,500 PAEDC assisted K&D Marine DBA Dustin Gulf Seafood, in their expansion of their operations to a wholesale distribution center at 2233 Memorial Blvd. by reimbursing K&D Marine for equipment purchased for the expansion based on their capital investment. K&D Marine promises to remain in and continue operations at their new location for no less than three years. 2018 2022 Industrial Scaffolding Amt: $300,000 PAEDC provided an incentive to Industrial Scaffolding for the capital investment of constructing a new office, warehouse and lay down yard within the Spur 93 Business Park. Industrial Scaffolding promises to construct and occupy the project on the property no later than 18 months from the close of the property sale. Industrial Scaffolding also promises to remain in and conduct operations at the new facility for no less than four years. Industrial Scaffolding may substitute performance by receiving credits toward their incentive; $1.00 for every $15.76 in payroll to Port Arthur residents. 2019 2023 Standard Alloys Amt: $1,386,600 PAEDC provided an incentive to Standard Alloys for the relocation and expansion of their operations into Port Arthur and within the Spur 93 Business Park. Standard Alloys will purchase 22 acres of land in the Park to develop a state of the art machine shop, repair facility, foundry, and performance test stand. Standard Alloys promises to remain in and maintain operations at the Business Park facility for no less than 4 years and to generate at a minimum of $665,808 in payroll to Port Arthur residents by year end of 2021. Standard Alloys may receive credit toward their incentive by receiving $1.00 credit for every $6.00 in payroll to PA residents. 2019 2022 Rai’s Bakery Amt: $59,277 PAEDC provided an incentive to Tony & Anne Nguyen DBA Rai’s Bakery, for equipment needed to open and operate a bakery at 3920 Gulfway Dr. for distribution of goods. Rai’s Bakery promises to employ and maintain five Port Arthur residents over a two year period. Rai’s Bakery may receive credits toward their incentive by receiving a $1.00 credit for every $2.89 in payroll to Port Arthur residents. 2019 2022 Robogistics Amt: $495,100 PAEDC provided an incentive to Robogistics for the location of its new manufacturing and logistics facility in Port Arthur. Robogistics utilized the incentive for the purchase of equipment needed for their operations. Robogistics promises to employ and maintain 26 Port Arthur residents over three years generating $1,080,000 in payroll to Port Arthur residents. 2019 2025 Motion Industries Amt: $304,794.91 PAEDC provided an incentive to Motion Industries, a distributor of industrial parts, for the relocation of their operations into Port Arthur. The incentive was used toward the purchase of the property in the Spur 93 Business Park by the property owner/ lessor in order to reduce the lease payment by Motion. Motion Industries promises to remain and maintain operations at the Business Park facility for no less than 5 years, and promises to generate at a minimum, $304,794.91 in sales tax. 2019 2022 Ramtex - 1 Amt: $288,460 PAEDC provided Deztex Industrial Services DBA Ramtex, an incentive for the expansion of their business. PAEDC reimbursed Ramtex for the purchase of equipment needed for this expansion. Ramtex promises to employ 15 PA residents over a two year period generating $1,978,080.00 in payroll to PA residents. Ramtex may receive credits toward their incentive by receiving a $1.00 credit for every $6.86 in payroll to Port Arthur residents. 2019 2022 Parker Lumber Amt: $160,000 PAEDC provided an incentive for the expansion of Parker Lumber’s facilities in Port Arthur. PAEDC reimbursed Parker’s for the equipment needed for the expansion. Parker’s promises to employ 16 Port Arthur residents over a three year period generating $1,020,000 in payroll to PA residents. Parker’s may receive credits toward their incentive by receiving a $1.00 credit for every $6.00 in payroll to Port Arthur residents. 2020 2024 Team Fabricators Amt: $324,000 PAEDC reimbursed Team Fabricators for equipment purchased for the expansion of the stainless-steel pipe fabrication area at their facilities on Main Ave. Team promises to employ 8 Port Arthur residents over a four year period generating $1,088,880 in payroll to Port Arthur residents. Team may receive credits toward their incentive by receiving a $1.00 credit for every $3.36 in payroll to Port Arthur residents. 2020 2022 Mike’s Enterprises Amt: $245,170 - Infrastructure Incentive PAEDC will provide a conditional grant to PA Development Group for a portion of the infrastructure costs for a multi-tenant building project at 1700 Jefferson Dr. to be a grocery store and at least one other retail occupant. 2021 2024 Ramtex - 2 Amt: $49,500.00 PAEDC provided Deztex Industrial Services DBA Ramtex, an incentive for the purchase of the property they are conducting operations from within the Port Arthur Business Park. Ramtex promises to remain in operation in the Business Park for three years at minimum. 2021 2025 Clifford Distilling Amt: $162,500.00 PAEDC reimbursed Clifford Distilling for capital expenditures including building renovation, equipment, infrastructure, and inventory purchased for their business operations on Procter St. Clifford promises to employ 8 full time employees that are Port Arthur residents over a three year period generating $655,000.00 in payroll to Port Arthur residents. Clifford may receive credits toward their incentive by receiving a $1.00 credit for every $4.04 in payroll to Port Arthur residents. 2021 2023 A&P Amin, LLC Amt: $157,762.00 - Infrastructure Incentive PAEDC will provide a conditional grant to A&P Amin, LLC for a portion of the infrastructure costs for a multi-tenant building project at 7700 Highway 347 to be at least two medical facilities. 2022 2026 Haulin Gas, LLC Amt: $490,516.00 PAEDC reimbursed Haulin Gas for equipment purchased for the expansion of their fuel distribution business. Haulin Gas promises to employ 19 Port Arthur residents over a four year period generating $3,780,000 in payroll to Port Arthur residents. Haulin Gas may receive credits toward their incentive by receiving a $1.00 credit for every $7.71 in payroll to Port Arthur residents. 2022 2024 Mid Co. Shopping Plaza, LLC Amt: $180,911.73 - Infrastructure Incentive PAEDC will provide a conditional grant to Mid Co. Shopping Plaza for a portion of the infrastructure costs for a multi-tenant project at 3701 41st. St. to be a shopping center. 2022 2024 PARC Enterprises, Inc. d/b/a Script Care Pharmacy of Texas Amt: $157,130.00 - Infrastructure Incentive PAEDC will provide a conditional grant to PARC Enterprises, Inc. for a portion of the infrastructure costs for a multi-tenant building project at 6770 9th Ave. to be a shopping center. Pending Land Sales Buyer Status John Crane, Inc. -Land Sale of approximately 2.1 acres of land in the Spur 93 Business Park to John Crane, Inc. for the purpose of the construction of a 12,000 s.f. building containing office and warehouse space for the engineering, assembly, repair and sales of mechanical seals. -Sale is currently in closing Current Workforce Development Programs Program/ Initiative Contractor Status Commercial Driver’s License Training Lamar State College Port Arthur -FY 21-22 Allocation of $75,000 for tuition reimbursement for qualifying PA residents -Approximately 80% passing rate - CDL A& B training High Demand 2 yr. Associates Degree Lamar State College Port Arthur -5 H.S. graduating students that are Port Arthur residents are selected annually by a committee to receive up to $13,500 each to attend a two year high demand degree program through LSCPA -High Demand programs of study include various industrial and medical degree programs Industrial Skills Training Facility Investment Lamar State College Port Arthur -$1,000,000 investment to Match LSCPA’s EDA grant award for the creation of an industrial skills training facility. -Once in operation, LSCPA agrees to train a percentage of Port Arthur residents through the facility at no cost. Police Cadet Training Lamar Institute of Technology -$46,800 Allocated for tuition assistance for up to 9 Port Arthur residents enrolled in the Police Academy to be employed by the City of Port Arthur Police department. -To date 4 residents received tuition assistance. NCCER Pipefitter I Training Digital Workforce Academy -$27,000.00 allocated for the training of up to 10 Port Arthur residents in the NCCER Pipefitter I curriculum. -To date, 10 students were enrolled, 8 completed the program Micro Loan Program Small Business Borrower Status Haima Professional Services Account is in arrears Graceline Trucking Account is current and in good standing Other Economic Development Investments Project Status Renovation of The Press Building -99% Complete -Expected to be complete at the end of August -Will house the EDC’s entrepreneurial initiatives and resource programs. -Will offer short and long term commercial office and kitchen lease space Parks & Recreation -Voters allowed EDC to utilize $1,000,000 per year for three years beginning in FY 21-22 to be allocated to the City of Port Arthur Parks & Recreation for the improvement of quality of life for residents. PAEDC Chief Executive Officer – Search Update August 16, 2022 1. A Request for Proposals was advertised by the EDC Board of Directors for an Executive Search Firm to recruit its next Executive Director. 2. An Executive Search Firm was selected and hired by the EDC Board of Directors. 3. A Job Profile was compiled by the search firm and approved by the EDC Board Search Committee. 4. The job profile was advertised and recruitment by the search firm took place over a four week period. 5. The applicant deadline to submit was August 5th. 6. The Search firm will present candidate information to the EDC Search Committee on Wednesday August 17th. 7. 1st and 2nd round interviews will be held subsequently.