Title
Resolution - A Resolution of the City of Mansfield, Texas Approving an Economic Development Agreement Between the Mansfield Economic Development Corporation,and Goodman Food Products Texas, Inc.; Authorizing the MEDC President to Execute Said Agreement; and Providing an Effective Date
Requested Action
Approve the Economic Development Agreement with Goodman Food Products Texas, Inc.
Recommendation
Approve the Economic Development Agreement with Goodman Food Products Texas, Inc.
Description/History
In 2012, MEDC entered into an Economic Development Agreement with Goodman Food Products, the parent company of Don Lee Farms, to attract the company to Mansfield from Inglewood, California. Don Lee Farms moved into the former Simeus Foods building in 2012. Don Lee Farms is a major supplier of food products to Costco, Sam’s, Wal-Mart, HEB and Whole Foods. Goodman is in full compliance with the terms of this agreement.
Due to current and projected business growth, the company needs to expand their plant located at 812 S. 5th Ave by 30,000 SF. The cost of the expansion is estimated to be $3MM and take approximately 9 months to complete. The company was considering doing this expansion at their California location but chose Mansfield because of the success they have had in the community. They currently have 220 employees at the Mansfield location and expect to increase that by 25 additional employees with this expansion.
The MEDC Board met on July 7, 2020 and voted unanimously to offer assistance with actual cost of water and fire line utility improvements and fire lane paving not to exceed $250k dollars.
Justification
This expansion will help the company expand it's presence in Mansfield, provide increased ad valorem tax revenue and create new jobs.
Funding Source
4A
Prepared By
Richard Nevins, Director Economic Development, 817-728-3652