· Context
Coast Packing Company breaks ground on 30 acres conveyed by the AEDC
A February 9, 2025 trade report said Coast Packing Company had held a groundbreaking for an animal-fat refinery and packaging plant on 30 acres near Centerport Boulevard and Folsom Road. The AEDC agreed to convey the land, valued at $1.2 million, and to provide up to $720,000 in job-creation funds over 10 years; the council had approved the incentive package and designated the site as a reinvestment zone (Ordinance 8026).[1][2]
Doug NelsonAmarillo Economic Development Corporation (AEDC)Coast Packing Company
What the sources say
- ✓ Verified
Area Development reported that the AEDC agreed to convey 30 acres near Centerport Boulevard and Folsom Road, valued at $1.2 million, to Coast Packing Company and to provide up to $720,000 in job-creation funds over 10 years; that the City Council unanimously approved the incentive package; and that Ordinance 8026 designated the 30 acres as a reinvestment zone for abatement. [1]
- Land value
- $1,200,000
- Job incentive
- $720,000
- ✓ Verified
Stated plans (projections): a $30 million investment, up to 60 jobs, and operations beginning in June 2026. The AEDC's January 2025 report lists Coast Packing with an original project amount of $1,720,000. No source located confirms whether operations began. [1][2]
- Projected investment
- $30,000,000
- Projected jobs
- 60
- Original project
- $1,720,000