Council approved 8-year abatement extensions through a Chapter 380 Agreement during the Aug. 18 meeting. The abatements will be for 50% of property and business personal property taxes, officials said.
In a nutshell
Estimates for the value of the abatements are a little over $1 million, but the final value may fluctuate based on appraisals, Director of Economic Development Ray Watson said. The tax abatement period is set to begin Jan. 1, 2026, according to town documents.
Watson said the economic incentives are part of a town initiative to help retain businesses within Flower Mound. The company is considering consolidating its operations in Florida, said JR Minnich, vice president of operations, northeast region for MITER Brands, MI Window and Doors’ parent company.
A final decision on maintaining the Flower Mound facility is expected around the end of August, Minnich said. If the company stays, Minnich added that the plan would be to expand the production within the facility to add a patio door line and a window platform for casings and awnings.
MI Windows and Doors currently has more than 600 local employees, per town documents. Watson said the company is the second largest private employer in Flower Mound.
“As we were meeting with them, we realized that they were looking at the possibility of moving their entire operation and consolidating those employees to Florida, where they already have two other facilities,” Watson said.
Under terms of the agreement, MI Windows and Doors will be required to invest a further $9 million into the facility and required to have at least 700 full-time equivalent positions by Jan. 1, 2027. According to a staff presentation, the average salary for the anticipated jobs is $66,560.
Zooming in
MI Windows and Doors has operated a facility in Flower Mound since 2015, Minnich said. Town officials previously approved property and business personal property tax abatements worth 75% that will be replaced by the new agreement, Watson said.
The renewed tax abatements are part of the town’s business retention program, which became a focus for economic development staff around nine months ago, Watson said.
“What we realized was the problem was their lease was coming up and they [had] a lot of extra additions to that lease,” he added. “This is a way to help them offset some of those lease numbers.”
What else?
In addition to the town offering its economic development incentives, MI Windows and Doors staff are also seeking over $3.1 million through the Texas Enterprise Fund and the state’s skill development fund, Watson said.
