The City of San Marcos said Wednesday that it will announce a major economic development victory Thursday morning. The city said it will announce “an important job-producing manufacturing company that plans to locate in San Marcos.”
Secretary of State Hope Andrade, the Governor’s Office of Economic Development, San Marcos Mayor Susan Narvaiz, Hays County Precinct 1 Commissioner Debbie Ingalsbe (D-San Marcos), and company representatives will be on hand.
The city and Hays County both approved incentives last week to locate a facility for Grifols, Inc., a biomedical company, in San Marcos. The facility would employ 190 people at an average annual income of $38,571.
The county would refund Grifols 75 percent of its property taxes over a 15-year period for a total incentive of about $2 million. The city would refund 75 percent of its property taxes over 15 years for an incentive of about $1.8 million.
The announcement will take place at 11 a.m. at the City of San Marcos Conference Center, just before the San Marcos Area Chamber of Commerce (SMACC) Legislative Update Luncheon, which will begin at 11:30 a.m.Email | Print