Industrial Business Grant for Fidelity Manufacturing LLC to…
McLennan CountyTexas- Detected
- Sep 30, 2026
- 33 days ago
- Sector
- Professional Services
- Est. value
- Free account
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THE 30-SECOND BRIEF
Industrial Business Grant for Fidelity Manufacturing LLC to establish a large manufacturing operation in McGregor Industrial Park, creating 350 jobs and investing $20 million.
Fidelity Manufacturing LLC manufactures sound-buffering encasements for large generators. They will lease 200,000 sq ft in the former Ferguson building and plan to build a permanent structure. Average annual wage for hourly employees will be $47,000 plus benefits, and for salaried employees $60,000. They are a 'second-chance employer' and also aim to hire veterans. The grant is for personal property, 75% for the first five years and 25% for the next five years, totaling approximately $48,000 over 10 years. An additional 10% incentive is offered if they maintain at least 5% (approx. 25 people) of their workforce as second-chance employees. The county already participates in a tax increment reinvestment zone for the park, contributing 90% of new real property increment for infrastructure development. McGregor also provided incentivized land pricing. The company will need sheet metal workers, welders, plumbers, and electricians.
From the meeting
- Source
- September 29, 2026 Special Meeting of Commissioners' Court
- Meeting date
- September 30, 2026
- Agency
- McLennan County
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