City of Denton Economic Development Partnership Board Meeting Agenda April 2026
Board weighs Chapter 380 incentives for KrateoSky
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Description
The Economic Development Partnership Board is set to consider recommending a Chapter 380 incentive agreement with KrateoSky that includes up to $94,500 in sales tax rebates on construction materials, job-based grants up to $227,000, ad valorem tax rebates up to $498,564, and a headquarters grant up to $50,000. The agreement would support KrateoSky’s investment, job creation, and headquarters presence in Denton, subject to City Council approval.
Contract Details
Contract Amount
Sales tax rebate on construction materials up to $94,500; job-based grant up to $227,000; ad valorem rebate on real property improvements and business personal property up to $498,564; headquarters grant up to $50,000
Vendor
KRATEOSKY
Agency
Sanctuary Mud 2 Of Denton County, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
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