Welbilt will move two of its subsidiaries—Convotherm and Merrychef—from Tennessee into a new headquarters and customer experience center in the city. Coppell City Council approved an economic incentive package that includes tax abatements for Fulgent Genetics during its May 28 meeting.
The overview
Council also cleared a hurdle for the Convotherm and Merrychef facility, which will be located at 1010 W. Sandy Lake Road, by approving a request to allow two canopies, a monument sign and revised setbacks during its June 11 meeting.
"We are looking forward to constructing our new, state-of-the-art hospitality and customer experience center in Coppell,” an official statement from Welbilt said. “We value the opportunity to enhance both the exterior aesthetics and interior functionality of our new facility.”
The Fulgent Genetics economic incentive package will provide a 75% rebate on tangible personal property for five years, according to city documents. Fulgent is expected to purchase a 98,000-square-foot building located at 1111 S. Freeport Parkway and invest at least $5 million.
Some context
Convotherm and Merrychef are expected to bring around 50 jobs to the city as part of the relocation. Council previously approved an economic incentive package for the two subsidiaries, which included a $250,000 payment in 2025 and eight years of tax abatements on 90% of business personal property.
Fulgent Genetics is expected to operate a facility in Coppell, which will perform diagnostic cancer testing on patient samples, per city documents. Testing will include dermatology pathology, gastrointestinal pathology, breast pathology, urologic pathology and surgical pathology.
A representative for Fulgent Genetics did not respond to a request for comment on the Coppell facility.
Looking ahead
The tax abatements approved as economic incentives for all the companies take effect starting in 2025.
