San Marcos Mercury | Local News from San Marcos and Hays County, Texas

Workers on the Tundra pickup truck assembly line at Toyota’s assembly plant in San Antonio. Toyota is the largest customer of Byron Center, Mich.-based Corvac Composites LLC, which manufacturers automobile plastic parts and is considering San Marcos as the location of its fifth manufacturing plant. PHOTO by TOYOTA MOTOR MANUFACTURING TEXAS INC.


Updated

10:07 a.m. MONDAY, NOV. 25: Meeting early this morning, the San Marcos City Council voted 4-0 to grant tax incentives that Michigan-based Corvac Composites LLC wanted to open a manufacturing plant on Clovis Barker Drive.

Mayor Daniel Guerrero and council members Wayne Becak, Shane Scott and Lisa Prewitt voted to approve an agreement that will forgive 80 percent of the company’s city property taxes on “personal property” — primarily, equipment and inventory — for 10 years. The company will maintain a payroll of at least 30 full-time jobs with an average annual salary of $30,000.

Council members Jude Prather, John Thomaides and Ryan Thomason were not present for the vote.

Earlier

11:26 a.m. FRIDAY, NOV. 22: A Michigan-based auto parts maker appears to have settled on San Marcos as the location for a plant it intends to establish in Texas — if officials approve “inducements” the company wants from City Hall.

A major manufacturer of plastic vehicle components such as wheel well liners and underbody covers, Corvac Composites LLC is a supplier to Toyota, which operates an assembly plant in San Antonio for its Tundra and Tacoma pickup truck line. Corvac’s other customers include Honda, Chrysler and Fiat, according to the company’s website.

John Huber, the company’s vice president for manufacturing, has already signed an agreement that commits Corvac to leasing a 100,000-square-foot facility at 2350 Clovis Barker Drive by Feb. 1 and beginning operations by June 1. Corvac will invest $3,650,000 in leasing the property and equipping it for manufacturing, according to the agreement.

dotted line for web» Read the full story + download the proposed Chapter 380 economic development incentive agreement. Join MercuryPro today.
dotted line for web

Email Email | Print Print

--

4 thoughts on “Updated: San Marcos council approves incentive for Toyota supplier

  1. And if I were an already existing business in this town I would then go city hall and demand the same “inducements” or threaten to move my jobs somewhere else willing to use public money to minimize my risk. All in the name of the free market, no doubt.

  2. Reminds me of Gov. Hairball trying to lure companies from other states – to abandon their current communities and move their jobs to Texas. He tells them that Texas is a cheaper place to do business. And it is – at the cost of the well-being of millions of Texans. Texas ranks in the bottom 20% of all states in several very important categories.

Leave a Reply

Your email address will not be published. Required fields are marked *

:)