Gov. Greg Abbott announced Dec. 6 that Waterlogic USA Inc., will establish a new North American headquarters and Center of Excellence in Grapevine.
“We're happy to have anything that adds tax and adds additional high-paying jobs to the local economy,” Grapevine Economic Development Director Bob Farley said about the project.
Waterlogic provides access to purified drinking water to millions of people across the globe, according to a news release. The company received a Texas Enterprise Fund grant of $524,400 from the governor’s office to aid its move to Texas.
”The Texas economy continues to grow and become more diversified thanks to companies like Waterlogic,” Abbott stated in the news release. “This latest investment is a testament to the free-market policies that have made Texas the best state in the nation for economic opportunity."
As a company, Waterlogic has grown fairly quickly, Farley said. It began working with the city of Grapevine earlier this year in hopes of finding a location near the Dallas/Fort Worth International Airport, he said. The company chose a building at 3175 Bass Pro Drive.
“Lucky for us, we had a building that had been built relatively brand new and hadn't had a tenant yet,” Farley said.
Employees at the Waterlogic headquarters are expected to earn more than $80,000 a year on average, Farley said. This will bring benefits to the city of Grapevine and surrounding areas, he said.
“People with those types of jobs tend to spend money on sales-tax eligible items, go to lunch, buy stuff at the stores etc,” Farley said. “They’re in a part of town where we had a lot of employment concentration, so that's good.”
The exterior of the building is finished, Farley said, leaving only interior renovations to have the building ready for the company. Waterlogic should begin operations in early 2020, he said.
“Our team ... was most impressed with the overwhelming advantages associated with Texas, Tarrant County, and the city of Grapevine,” Casey Taylor, CEO of Waterlogic Americas, stated in a news release. “We are looking forward to becoming part of the DFW community and benefiting from its numerous amenities and resources.”