Council approves three economic development grants for new businesses coming to Tomball

Tomball City Council approved three grants from the Tomball Economic Development Corp. on Dec. 6 with incentives for new businesses coming to the city.

TEDC Executive Director Kelly Violette said the corporation sold Lot 9 in the Tomball Business and Technology Park, located at the northwest corner of Hufsmith-Kohrville Road and Holderrieth Road, to Techsico. The company develops and constructs communication equipment, including cell towers.

“Now we are down to less than 24 acres left in the park, so [that’s] exciting for the EDC,” Violette said at the meeting.

City Council approved a $20,529 grant for the construction of a 10,000-square-foot office and warehouse facility to be located on the 2.5-acre lot.

The company plans to create 45 jobs in the Tomball area within its first year of operation and then grow to 100 employees within 36 months, Violette said. The estimated five-year benefit to the city is $68,429, according to the agenda packet.

Council members also approved a $107,500 grant for the development of a Chevron gas station and two retail sites located on the west side of Hwy. 249 north of FM 2920. The development is proposed for directly north of the Lowe’s located at 14236 FM 2920, Tomball, Violette said.

The grant represents 20% of the expenditures associated with infrastructure improvements, Violette said. The estimated five-year net benefit to the city is more than $281,000, Violette said.

Lastly, council approved an $8,236 grant for Silver Accounting Group, which provides accounting services to small- and medium-sized businesses, according to the meeting’s agenda packet. The money will be used for the TEDC’s Rental Incentive Program, which provides 25% of the base monthly rent for the new business during its first year in the city.

The company will be leasing 2,534 square feet of space at 1431 Graham Drive, Tomball.