The $24 million project at 12639 W. Airport Blvd., originally approved for a tax abatement by the Sugar Land City Council in June, spans 7.44 acres at Sugar Land Business Park. The latest update to the agreement represents an additional $6 million investment in the form of testing and research labs, which EDC officials said Dec. 6 are expected to result in the creation of an additional 200 employees over the next 10 years for a total of 300 primary jobs by 2032. In addition, the company is expected to maintain a total inventory of approximately $11 million over its three Sugar Land locations.
For its part, the city of Sugar Land has agreed to provide a $350,000 tax abatement for the property over 10 years, meaning the city will write out a $35,000 check every year to the Bluebonnet Nutrition Corp. so long as it meets required performance metrics.
According to the performance agreement among the Sugar Land EDC, Bluebonnet Nutrition Corp. and Dairy Ashford Enterprises, Bluebonnet must maintain an average annual salary of approximately $78,000 for its workers.
Improvements to the facility must be completed by Dec. 31, and the company will begin to benefit from the incentive in 2023, according to the agreement.
The company currently plans for a grand opening in January, EDC officials said during the Dec. 6 meeting.