On Monday, county officials gave a unanimous vote of approval to the expansion of a local business. Somervell County Commissioners Court approved a five-year tax abatement agreement proposal submitted by MesaTech Corporation.
To facilitate an expansion project, MesaTech CEO Mike Williams, asked the court to approve an abatement which adds up to $2,136 per year based on the current tax rate and proposed property improvement valued at $600,000. He also asked the court to freeze five acres of property adjacent to the existing facility for future expansion.
The business, which is relatively new to Glen Rose, merged with Banc Professional Services (BPS) of Princeton, Texas late last year and is a leading provider of banking and ATM consumables.
When the merger was announced, BPS said it planned to add distribution capabilities from MesaTech's Glen Rose facility.
In seeking assistance from the county, Williams said the local expansion project would add six positions to the local workforce, including a bookkeeper, outside salesperson, warehouse, delivery, customer service and an administrative assistance position. He said the wages would start at $12 per hour and some of the positions would be filled immediately and the others filled by October.
The expansion project includes a 20,000 square-foot facility, constructed to the west of the existing facility and parallel to Bo Gibbs Street.
Commissioners approved the abatement, but instead of freezing the property in the industrial park, voted to offer MesaTech first right of refusal if an offer is made on the property.
Meanwhile, the Glen Rose City Council is also preparing to approve a similar request to facilitate the project. The council has the option of approving a 380 agreement, which could allow the city to grant a loan or offer other incentives to encourage local expansion, according to City Administrator Ken West.
As negotiations continue, Williams said MesaTech is being encouraged to expand in Princeton. He said at the existing location, the company does not pay taxes or insurance on the 25,000 square-foot structure.
But, Williams told commissioners at a previous meeting that a number of factors made Somervell County and the city of Glen Rose a more suitable location.