BRYAN, Tex. (KBTX) - The Bryan City Council approved a plan Tuesday night to bring a new business to town with some new jobs.
American Lumber plans to move to a vacant bank building on West Villa Maria Road and spend $900,000 improving the property.
At Tuesday night's Bryan City Council meeting, city leaders voted to move forward with economic incentives to The American Trade Group, a Uvalde company wanting to move their lumber company's corporate headquarters here.
"They're adding 12 new positions so they'll bring some from Uvalde and add 12 new positions here at a minimum salary of $60,000 average," said Kevin Russell, Bryan Economic Development Director.
The city will be offering some incentives including waiving permit fees up to $5,000, fast track the project and offer a tax rebate for five years.
"After the improvements are completed they'll be given a new value that and that difference between the base value and their new value is what we'll be looking at reimbursing them," said Russell. "So they will pay the taxes. They'll have to meet the criteria of the jobs and then we would look at doing a reimbursement on that newly created value of five years," he said.
Tuesday night's executive session agenda also included discussing tax abatements that had been offered to Nutrabolt. Last month KBTX reported how the company is relocating to Austin from the BioCorridor.
They'd been offered incentives when they opened in Bryan.
"We've not been notified in writing that they are in fact leaving," said Russell. "I think council just wants to understand what the agreements are, understand what any penalties are in they do in fact leave our community," said Russell.
For American Lumber, Russell said the new agreement will help with their costs.
“The Chapter 380 agreement is used to help them in lowering their input costs because they’re buying an older building and they’re going to have to put quite a bit of money into this building," he said. "Obviously they’re looking at expanding and so we’re pretty happy with that," he said.
American Lumber's new corporate headquarters is expected to open here early next year.
Russell also told KBTX they are buying more land for their existing facility in Bryan's Industrial Park.