Title
Consideration of and action on an ordinance amending the City’s Texas Enterprise Zone Program ordinance per T.A.C. Rule 176.2(2)(A) and nominating Rohm & Haas Texas Incorporation to the Office of the Governor Economic Development & Tourism (EDT) through the Economic Development Bank as an Enterprise Project.
Body
Summary:
T.A.C. Rule 176.2(2)(A) was recently amended and now require the Texas Enterprise Zone Program ordinances state “that the governing body is in full compliance with Chapter 2303, Texas Government Code prior to nomination of an eligible business.”
The City finds that Rohm & Haas Texas Incorporated meets the criteria for designation as an enterprise project under Chapter 2303, Subchapter F of the Act on the following grounds:
(a.) Rohm & Haas Texas Incorporated is a “qualified business” under Section 2303.402 of the Act since it will be engaged in the active conduct of a trade or business at a qualified business site within the governing body’s jurisdiction, located outside of an enterprise zone and at least thirty-five percent (35%) of the business’ new employees will be residents of an enterprise zone, economically disadvantaged individuals, or veterans; and
(b.) There has been and will continue to be a high level of cooperation between public, private, and neighborhood entities in the area; and
(c.) The designation of Rohm & Haas Texas Incorporated as an enterprise project will contribute significantly to the achievement of the plans of the City for development and revitalization of the area.
Fiscal/Budgetary Impact:
TBD.
Recommended action
Approve the ordinance amending the City’s Texas Enterprise Zone Program ordinance per T.A.C. Rule 176.2(2)(A) and nominating Rohm & Haas Texas Incorporation to the Office of the Governor Economic Development & Tourism (EDT) through the Economic Development Bank as an Enterprise Project.