· Context
City Council approves $1 million AEDC job-creation agreement with Caviness Beef Packers, 5-0
The council voted 5-0 to approve a location incentive agreement under which the AEDC would provide Caviness Beef Packers, Ltd. $1,000,000 for up to 100 new full-time jobs, paid over five years on a five-year performance term. The AEDC board approved it the same morning. The AEDC described the new plant as being at South Loop 335 and Washington.[1][2]
Kevin CarterGinger NelsonFreda PowellEddy SauerHoward SmithCole StanleyAmarillo Economic Development Corporation (AEDC)Caviness Beef Packers, Ltd.
What the sources say
- ✓ Verified
On February 22, 2022 the council voted 5-0 to approve a location incentive agreement under which the AEDC would provide Caviness Beef Packers, Ltd. $1,000,000 for the creation of up to 100 full-time employees, paid over five years on a five-year performance term. [1][2]
- Job incentive
- $1,000,000
- Max jobs
- 100
- ✓ Verified
The AEDC stated (projections) that the 100 jobs would be added over three years, that payroll would rise $4.5 million a year, and that capital expenditure would exceed $60 million. [2]
- Projected payroll increase
- $4,500,000
- Projected capex
- $60,000,000
- ⚠ Sources differ
Sources differ on whether the new Caviness plant is in the South Georgia Business Park.