Bexar County officers are luring a European producer to the county’s southeast nook with a tax incentive bundle that might be price $2.2 million.
ECOR World is planning to speculate $160 million and create 150 jobs at a website simply outdoors of Elmendorf. Bexar County Commissioners just lately authorized a 10-year, 50% abatement on county advert valorem taxes if the corporate meets these funding objectives.
The tax abatements apply to a 63-acre website situated on the intersection of Previous Corpus Christi and Gillette roads that ECOR is contemplating for its facility.
ECOR produces plywood-like panels known as ECOR-Ply utilizing recycled agricultural and paper waste, like corn stalks or cardboard. The panels can be utilized for flooring, furnishings and packaging, in accordance with a brochure on the corporate’s web site.
The tax abatements begin in 2028 and the corporate must start development by Might 30 of that yr, in accordance with its settlement with the county. ECOR should submit studies twice a yr exhibiting it’s assembly the tax abatement necessities in the course of the 10-year interval.
A kind of necessities is for ECOR to rent 150 staff at a minimal wage of a minimum of $16.20 or $33,696 a yr, not together with advantages. A minimum of 1 / 4 of these staff have to be Bexar County residents.
In a 2023 software for Bexar County incentives, ECOR officers stated the projected annual wage for staff on the new manufacturing facility is $56,000 a yr, with 120 workers incomes between $53,400 and $80,099 a yr; 20 workers would make between $80,100 and $98,789 yearly and 10 would make greater than $104,130 yearly.
In keeping with that software, advantages would come with medical insurance packages with 75% contributions from employers after the primary yr, two weeks of paid day without work, 5 sick days and a 401K program.
The tax abatement zone is slightly below 63 acres.
The power would require 35 acres and embody a 50,000-square-foot and 200,000-square-foot constructing for manufacturing and 4 extra 50,000-square-foot buildings for supplies storage, in accordance with a venture overview from 2024.
County Communications Specialist Nicole Galindo stated development might take round 24 months. The South Texas ECOR plant would serve present ECOR clients in Waco and in Monterrey, Mexico.
Galindo added that the $2.2 million valuation of the incentives is an estimate. The worth of the motivation is determined by ECOR’s investments.
Negotiations with the corporate began in 2025, when Bexar County Commissioners authorized the framework for the tax abatements.
