CITY OF MANSFIELD - File #: 23-5177

• File #: 23-5177
• Version: 1
• Name: Staff Update, Board Discussion, and Possible Action on a Request to Fund Eligible Infrastructure Improvements in an Amount not to Exceed $135,000 with Hoffman Cabinets
• Type: Discussion Item
• Status: New Business
• File created: 2/3/2023
• In control: Mansfield Economic Development Corporation
• On agenda: 2/7/2023
• Final action: 2/7/2023
• Title: Staff Update, Board Discussion, and Possible Action on a Request to Fund Eligible Infrastructure Improvements in an Amount not to Exceed $135,000 with Hoffman Cabinets

Date	Ver.	Action By	Action	Result
2/7/2023	1	Mansfield Economic Development Corporation	Approved	Pass

Title

Staff Update, Board Discussion, and Possible Action on a Request to Fund Eligible Infrastructure Improvements in an Amount not to Exceed $135,000 with Hoffman Cabinets

Requested Action

Request to Fund Eligible Infrastructure Improvements

Recommendation

Staff recommends approval of a Request to Fund Eligible Infrastructure Improvements in an Amount not to Exceed $1350,000 with Hoffman Cabinets

Description/History

Hoffman Cabinets (Hoffman) is a 3^rd generation family owned business that has made Mansfield home since 1978 on Sentry Dr.  Hoffman manufactures custom cabinets for new homes and currently has about a 15% market share in the North Texas area and growing. The business has grown over the years from its original 10,000 SF to over 150,000 SF.  They have not only grown in square footage, but also employees.  They started with less than 10 and now employ over 500. 

In 2015, Hoffman purchased the building at 1206 Antler Dr.  At that time, MEDC entered into an Economic Development Agreement to assist with fire lane and electric infrastructure improvements.  In addition to the Economic Development Agreement, MEDC sold Hoffman the adjoining 5.472 AC tract for a minimum 26,000 SF expansion.  Due to their immense growth, they exceeded the minimum requirement and built approximately 76,000 SF.

Hoffman is now expanding into an adjacent 15,000 SF facility on Sentry Dr.  The building is in disrepair and Hoffman is requesting assistance with utilities and the fire protection system.  The total capital investment is estimated to be approximately $765,000.  Initially, no jobs are expected to be created.  The additional space will allow for their Sentry Dr. operations to spread out and offer much needed additional parking.  MEDC staff recommends assistance with the highlighted items in an amount not to exceed $135,000.

Justification

Hoffman Cabinets has been in Mansfield for 40 years and has continued to grow their operation here locally.  They are one of our largest industrial businesses.

Funding Source

4A

Prepared By

Jason Moore, Executive Director, 817-728-3651