The economic agreements include rental incentives, infrastructure grants, and job creation and retention grants, which are performance-based and will not be paid out until the respective businesses have fulfilled their obligations laid out in the agreements, Community Impact previously reported.
Diving in deeper
Material and Design Solutions LLC, which manufactures engineered plastic backup seal rings for the oil and gas industry, will receive $85,902 in incentives for creating jobs associated with the development of a corporate headquarters at 1515 S. Persimmon St., Tomball, according to the April 7 agenda packet. Twenty-five Tomball employees would be retained, 24 Houston employees would be relocated, and 12 additional full-time jobs would be created over the next one to two years.
Houston Poly Bag I Ltd., which is a custom manufacturer of polyethylene products used for packaging, including bags, films, sheeting and liners, will receive $48,601 in incentives for creating jobs associated with equipment expansion. The company is proposing adding 4,000 square feet to its office space, adding new machines and adding 40 new positions.
Longhorn Realty Investments LLC will receive $91,835 in infrastructure incentives for expanding a medical office facility at 308 Holderieth Blvd., Tomball. The company’s project, The Northwest Houston Heart Center, plans to expand by an additional 11,400 square feet.
Theis Lane and South Cherry Street LLC will receive $83,615 in infrastructure incentives associated with the development and construction of a retail development at the corner of Theis Lane and Cherry Street. The development will entail two buildings totaling 17,177 square feet.
Innersculpt Studio LLC will receive $10,000 in rental assistance for a new or expanded business enterprise at 1417 Graham Drive, Ste. 600, Tomball. The business plans to open a Pilates fitness studio.
