PRESENTER: Presenter
Jeff Jewell, Director of Economic & Community Development
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SUBJECT: Title
Presentation and discussion on a proposed economic development incentive to PAKMULE for an expansion project to create and retain primary jobs.
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DEPARTMENT: Economic & Community Development
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COUNCIL DISTRICTS IMPACTED: 1
BACKGROUND INFORMATION:
PAKMULE, founded in 2017, is a New Braunfels manufacturer creating cargo racks for vehicles and motorcycles and other corresponding accessories. PAKMULE is experiencing more demand for its outdoor lifestyle products and plans to expand its manufacturing square footage, increase its product line, and add additional full-time employees.
Any proposed incentive is intended to retain PAKMULE as an operating company in New Braunfels.
ISSUE:
PAKMULE is requesting an economic development incentive from the New Braunfels Economic Development Corporation to expand its operation in New Braunfels.
STRATEGIC PLAN REFERENCE:
☒Economic Mobility ☐Enhanced Connectivity ☐Community Identity
☐Organizational Excellence ☐Community Well-Being ☐N/A
FISCAL IMPACT:
Recommendation
RECOMMENDATION:
Staff is requesting Board direction on potential next steps and future action.