3 Large Texas Manufacturers Apply for State Tax Breaks

The three applicants expect to plow $11.6 billion into the Texas economy. Eligible manufacturing, research and development companies that launch new projects in Texas can apply for a 10-year reduction in the property taxes they pay to local school districts. Community Impact reports the three are:

Summit NextGen (photo) plans to build a new ethanol jet fuel production facility in Harris County, aimed at reducing carbon emissions for aircraft companies and airlines. The over $1 billion project would create at least 75 new jobs. The plant would be located within Galena Park ISD’s boundaries.

Bell Textron aims to invest over $600 million in a new advanced manufacturing plant. The commercial and military aircraft company plans to create about 411 jobs with an average wage of $85,000. The project would be located within Northwest (Ft. Worth) ISD’s boundaries.

America’s Foundry Bryan is developing a 3 million-square-foot semiconductor manufacturing project on 288 acres of land owned by the Texas A&M University System in Bryan. The company plans to hire 2,000 employees for its $10 billion project, which would be located within Bryan ISD’s boundaries.