AEDC City of Amarillo
March 15, 2023 10:18AM CDT
Two items were approved by the Amarillo City Council, Tuesday, promoting economic development and job creation.
The first item had to do with a location incentive agreement between the Amarillo E D C and Plant-AS-DNPS-003-2 LC.
The second item is a Tax abatement agreement between the City of Amarillo and Amarillo Economic Development Corporation and SW 003 Distribution Logistics LLC.
Under the agreement, AEDC will provide $3,750,000 for the creation of 750 new jobs, over the course of several years as they are created, as well as convey 400 acres near Folsom Road and 24th street.
The jobs will be part of the new plant company, that said it focuses on producing crops in a sustainable manner. The minimum job salary is $45,000.