Plano City Council approved around $6.2 million within a 15-year economic incentive agreement to facilitate a relocation of the Dallas Regional Support Office from 6000 Bishop Avenue to 5320 Legacy Drive during the Aug. 12 meeting.
“The city of Plano has been a great partner for us throughout the years and we’re looking forward to continuing our partnership and support of the community as we open the doors to our new [Dallas Regional Support Office,] AJ Kumaran, Raising Cane’s co-CEO and chief operating officer, said in a news release.
Two-minute impact
The company plans to open its new support office in a vacant office building with nearly 400,000 square feet of space within the Legacy Business Park. According to city documents, the company plans to create up to 1,020 full-time equivalent jobs and make at least $20 million in building improvements.
Per the news release, all 480 employees at the current regional support office—which opened in 2009—will be relocated to the new building.
“The expansion into our new office represents the great success we’ve achieved over the past 16 years in Plano and is a nod at all the milestones to come as we continue expanding our crew and opening restaurants around the world,” Kumaran said.
The specifics
According to city documents, the economic incentive agreement contains certain funding amounts, including:
- Over $1.3 million if the company purchases the building, maintains the originally created 53 full-time positions from 2009 and relocates at least 447 full-time equivalent employees throughout the term of the agreement
- Slightly more than $1.5 million for job creation of a further 520 workers at a rate of $2,940 per full-time employee added after initial job requirements are met, but before the end of 2035
- Around $3.1 million to mitigate any improvement costs Raising Cane’s might incur for the building
- $225,165 to cover any city fees, such as building or permitting costs
Per the news release, the company plans to renovate the office space over the next year before moving in within 2026.
“The city of Plano is excited to collaborate with Raising Cane’s on this significant expansion and
investment in our community,” said Mayor John Muns. “For the past 16 years, Raising Cane’s has been a vital part of Plano’s corporate landscape, greatly enhancing our local economy and creating hundreds of high-wage jobs for our citizens.”
