10-Year Business Retention Agreement Approved with Electrolux
City of LancasterCity · Lancaster, TX- Disclosed value
- Estimated incentive approximately $290,500 over 10 years
- From agenda
- Approved
- Feb 13, 2023
- Term
- 10 years
- Renews
- Free account
The 30-second brief
Lancaster approved a 10-year Chapter 380 agreement with Electrolux Home Products Inc to expand its appliance distribution operations into a 563,000-square-foot facility, backed by at least $10 million in equipment investment and retention of 65 jobs. Increasing business personal property tax rebates are expected to yield $690,000 in new revenue and about $290,500 in incentives over the term.
Electrolux Home Products Inc holds this contract with City of Lancaster. Its other public contracts on record include work for Anderson County.
The renewal date is on record. A free account shows it, with the renewals for every City of Lancaster contract.
Know when this contract comes back up.
See the renewal dateFree account · 30-second setup · No credit card
Contract details
- Amount
- Estimated incentive approximately $290,500 over 10 years
- Document date
- February 13, 2023
- Term
- 10 years
- Renews
- Free account
- Agency
- City of Lancaster
- Source document
- Lancaster City Council Agenda 2023-02-13 (Agenda)
Electrolux Home Products Inc's other public contracts
More City of Lancaster contracts
Questions about this contract
Who was awarded the government contract by City of Lancaster?
Electrolux Home Products Inc was awarded this government contract by City of Lancaster, as recorded on February 13, 2023. The contract value is Estimated incentive approximately $290,500 over 10 years.
How much is the Electrolux Home Products Inc contract with City of Lancaster worth?
The Electrolux Home Products Inc contract with City of Lancaster is valued at Estimated incentive approximately $290,500 over 10 years.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Lancaster City Council Agenda 2023-02-13 (Agenda), dated February 13, 2023 from City of Lancaster. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does Electrolux Home Products Inc hold?
Electrolux Home Products Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Lancaster currently buying?
Explore City of Lancaster's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.