HomeMy WebLinkAboutResolution - 2011-R0032 - Approve LEDA And Market Lubbock Projects, Programs, And Activities FY 2009-2010 - 01/13/2011Resolution No. 2011-R0032
January 13, 2011
Item No. 6.8
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Lubbock Economic Development Alliance, Inc. and the Market
Lubbock, Inc. projects, programs, and activities for the fiscal year 2009-2010 which are
included in the 2010 Project Summary Brochure are hereby approved as presented to the
City Council of the City of Lubbock. Said 2010 Project Summary Brochure is attached
hereto and incorporated in this Resolution as if fully set forth herein and shall be included
in the minutes of the Council.
Passed by the City Council on January 13, 2011
TOM MARTIN, MAYOR
ATTEST:
Rebecca Garza, City
APPR - VEDAS TO CONTENT:
Rob Alli. n, Assi< tant-City Manager,
Development Services
APPROVED AS TO FORM:
Linda L. Chamales,
Economic Development Attorney
City Att Linda Res-LEDA and MLI project summary 2010
December 13, 2010
Resolution No. 2011-R0032
MARKET LUBBOCK, INC.
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BusinessI LEDA/Market Lubbock
Commitment Commitment
1
Map
Value
Date of
Approval
Company
Number
offobs
Estimated
Capitallnvestment
fob
Incentive
CapitaURelocation
Incentive
Real Property
Incentive
Years
Paid Over
0
8
1
10/19/09
Covenant Health System
60
$4,300,000
$325,000
SO
5
CN
2
10/19/09
Capital Mortgage Services
37
1,300,000
115,000
0
5
3
1/25/10
Cash Register Services
19
1,000,000
117,500
0
5
4
1/25/10
United Supermarkets / Praters
29
4,243,000
107,000
0
5
0
5
1/25/10
Smartfield, Inc. - II
11
0
71,000
0
5
0
6
4/26/10
Verizon
3
30,000,000
300,000
9 acres 3
7
7/19/10
J&B Industrial Services
16
1,300,000
78,500
0
5
8
7/19/10
The Gibraltar Group
15
1,200,000
103,500
0
5
9
7/19/10
Dynamic Foods
10
600,000
25,500
0
5
Total
200
$43,943,000
$943,000
$300,000
1
No Text
4
Fiscal Year 2009-2010
3
Number of
Economic
Company
Incentives
Jobs Incented
Impact
INCODE (II)
$33,333
30
$11,127,182
Empire Paper Company
15,333
13
4,821,778
X -Fab
33,600
45
108,258,295
Shearer's Foods
180,000
144
208,774,448
J & B Industrial Services, L.P.
7,500
27
13,485,274
J.L. Benton & Associates, LLC
5,500
3
1,153,284
Caprock Manufacturing, Inc.
2,800
2
684,194
Ozark Automotive Distributors
67,200
97
35,977,886
III -N Technology, Inc.
1,333
1
561,436
Osteogenics Biomedical
8,900
9
5,768,555
Flat Wireless, LLC
24,300
21
14,237,123
Cafe Venture
5,900
5
2,098,009
McPherson Cellars, Inc.
1,100
2
1,113,588
J & G Concrete Products
15,600
20
6,356,187
All State Distributors
7,100
8
2,967,248
VXI Global Solutions
27,600
47
5,700,829
TTU - IEHH
4,167
2
587,597
United Supermarkets, L.L.C.
11,100
12
12,945,307
Hub City Convenience Stores, Inc.
6,800
5
2,098,009
Hurley Packaging of Texas, Inc.
5,800
8
4,329,600
Standard Bag
84,336
21
13,641,640
Venus Decorative Hardware
500
1
370,906
Caprock Manufacturing, Inc. - II
1,000
1
342,097
National Sorghum Producers
4,400
5
458,335
CEV Multimedia, Ltd.
1,100
2
200,957
Tyler Technologies, Inc. / INCODE
13,900
11
4,079,967
Industrial Molding
14,100
16
10,990,676
Smartfield, Inc.
13,700
12
7,994,557
Monsanto Company
21,600
18
5,288,376
Professional Rebuild & Optimal Service
12,800
12
6,733,288
Capital Mortgage Services
1,100
2
698,361
Fiscal Year Totals
$633,502
602
$493,844,989
3
The Lubbock Economic Development Alliance (LEDA) is aTexas non-profit, tax-exempt economic development corporation. LEDA is responsible for supporting
the creation of new and existing primaryjobs under the Economic Development Act of 1979, as amended (Sec. 501.001 et seq, Texas Local Government Code).
Under the provisions of this statute, applicants must submit a written request for assistance providing the necessary information in order for the Board of Directors
to become satisfied that the applicant and the project fall within the parameters of the Act, our corporate purposes, and the goals of the City of Lubbock. Each
year, LEDA submits this report to the City of Lubbock for ratification and approval of our projects and activities throughout the year.
4
Number of jobs
Economic
Incentives
Incented
Impact
Fiscal Year 2004-2005
$196,667
71
$30,284,599
Fiscal Year 2005-2006
277,002
210
99,323,067
Fiscal Year 2006-2007
716,750
294
132,858,890
Fiscal Year 2007-2008
528,662
360
367,735,775
Fiscal Year 2008-2009
1,300,085
363
374,935,427
Fiscal Year 2009-2010
633,502
602
493,844,989
Cumulative Totals
$3,648,268
1,900
$1,498,982,747
The Lubbock Economic Development Alliance (LEDA) is aTexas non-profit, tax-exempt economic development corporation. LEDA is responsible for supporting
the creation of new and existing primaryjobs under the Economic Development Act of 1979, as amended (Sec. 501.001 et seq, Texas Local Government Code).
Under the provisions of this statute, applicants must submit a written request for assistance providing the necessary information in order for the Board of Directors
to become satisfied that the applicant and the project fall within the parameters of the Act, our corporate purposes, and the goals of the City of Lubbock. Each
year, LEDA submits this report to the City of Lubbock for ratification and approval of our projects and activities throughout the year.
4
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LUBBOCK
ECONOMIC
DEVELOPMENT
ALLIANCE
MARKET LUBBOCK,
1500 Broadway, 6th Floor
Lubbock, Texas 79401
www.LubbockEDA.org
(806) 749-4500
(800) 687-5330