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ChatGPTClaudePerplexity· Related development
AEDC board approves Producer Owned Beef and CVMR packages; EDA grant approved with a $720,000 AEDC match
The board unanimously approved two projects. Producer Owned Beef: $5,000 per job for up to 1,600 jobs ($8 million), conveyance of 600 acres next to 400 acres the company might buy from the City, and help with tax abatements; Carter called the total package $11 million, paid as the company performs, for a $650 million project. CVMR, a rare-earth processor: conveyance of "400+ acres" north of Highway 60 and west of Parsley Road and $20,000 per job for up to 1,000 jobs over 10 years ($20 million), for a stated $1.5 billion investment. Staff also reported the EDA grant for the South Georgia Business Park was approved, with the AEDC to provide $720,000 matched by $2.4 million.[1]
Kevin CarterLaura StreetAmarillo Economic Development Corporation (AEDC)Producer Owned Beef, LLCCVMR (Texas) Inc.
What the sources say
- ✓ Verified
Director Street moved both projects; Director Meander seconded Producer Owned Beef and Vice-Chairman Hall seconded CVMR; both were approved unanimously. Carter said the Producer Owned Beef project would be 'the largest project ever seen in Amarillo' with a 650,000-square-foot facility, and staff projected (not results) $350 million a year in economic impact for it and $750 million a year for CVMR, which would have a seven-year ramp-up.[1]
- Pob job incentive
- $8,000,000
- Pob total package
- $11,000,000
- Cvmr job incentive
- $20,000,000
- ⚠ Sources differ
The board minutes and the council minutes give the CVMR land differently.
