Huntsville, Texas, has yet another reason to be proud. The bustling city located in the Gulf Coast Region of Texas, known for its robust and diverse business landscape, has attracted a new industry titan: Zenner USA. The global leader in water and gas metering technology announced its plans to begin assembly operations in Huntsville this coming October, marking a new chapter in the city's economic development story.
Zenner USA: A New Chapter Begins in Huntsville
Zenner USA, a subsidiary of the century-old ZENNER company, operates in over 100 countries. Its legacy is steeped in innovation and a commitment to catering to the diverse needs of customers worldwide. Now, they bring this rich heritage and innovative drive to Huntsville.
With an impressive $3.5 million investment in the region, Zenner USA's initiative is anticipated to initially create at least 50 new jobs, demonstrating the company's commitment to bolstering the local economy. This initiative represents more than a move – it symbolizes trust in the region's capabilities and potential.
Impact on the Local Economy and Job Market
Huntsville Economic Development Director Tammy Gann provided further details on Zenner USA's plan. The company will occupy two existing buildings on a nearly three-acre property at 1981 Quality Blvd. This site will house various operations, including the assembly, engineering, and testing of water and gas meters and meter reading systems. The manufactured products will then be distributed both domestically and globally.
Huntsville's New Manufacturing Hub: An Overview
Currently headquartered in Addison, Texas, with an operational facility in Banning, California, Zenner USA has chosen Huntsville as its new manufacturing hub. Zenner USA is poised to create "50 new full-time equivalent jobs with plans to expand the workforce up to 100 jobs in the future," shared Gann. The new facility in Huntsville will be an addition to its current manufacturing facility in California, giving the company greater capacity to meet its growing product demand.
Navigating Tax Challenges: The Triple Freeport Exemption
Despite potential challenges stemming from Texas' personal property tax, Zenner USA is taking proactive steps to qualify for the Triple Freeport Exemption. This tax exemption could provide significant relief by excluding a portion of the company's inventory and supplies from property taxes.
City of Huntsville's Incentive Package
Huntsville has arranged a suite of incentives to motivate and support Zenner USA's investment and job creation. These incentives include waiving permit fees, offering a tax rebate equivalent to the property taxes due over ten years, a cash grant for job creation equal to $2,000 per job up to $100,000, and a $75,000 relocation assistance grant, payable upon project completion.
This level of support from the local government underscores Huntsville's dedication to fostering economic growth and positions the city as an attractive choice for future business ventures.
Building a Prosperous Future Together
We want to extend our warmest Texas welcome to Zenner USA as they join the vibrant Huntsville community. This strategic partnership promises to contribute significantly to the local economy, offering opportunities and prosperity for Huntsville and its residents.
We are excited about Zenner USA's impact on our partnering community and region. Together, they are shaping a bright future for Huntsville. Thank you, Zenner USA, for your trust and investment in Texas. We look forward to your remarkable journey ahead.
Zenner USA's arrival in Huntsville is a testament to the city's potential and a harbinger of more great things to come. We believe in the power of partnerships and collaboration. When businesses thrive, so do our communities. Together, we're building a stronger, more prosperous Texas.
Embark on Your Business Journey to Texas with TexasEDConnection
Have you considered a move for your business? TexasEDConnection is here to help. Our free business relocation concierge service is designed to assist business owners in exploring, planning, and executing a smooth transition. We offer tailored guidance and access to a wealth of resources to make your business relocation as seamless as possible. Visit TexasEDConnection.com today and take the first step toward your business' successful future in Texas. Let's build a prosperous tomorrow together!
