Local leaders enticed the Great Britain-based heavy equipment company to pick San Antonio's South Side over Savannah, Georgia.
JCB, a British-based manufacturer of industrial equipment, has announced plans to build a manufacturing facelift in San Antonio's South Side.Some early details of how Bexar County and San Antonio leaders lured Great Britain-based heavy equipment maker JCB to the South Side were revealed Tuesday, including an incentive package from the county worth roughly $12 million.
As part of a company’s bid for state and local incentives, they must prove that those incentives contributed to their decision to choose Texas over another location. While the company specializes in farm equipment, it hasn’t said exactly which products will be made in San Antonio. JCB is expected to receive a 10-year, 100% tax abatement from the county of property investments, according to that document, which is worth roughly $6.5 million. It will also receive a $5 million grant for off-site public infrastructure improvements.
“If, as in the case of the DeLorean, that didn’t happen, then there’s no outflow of incentives,” he said. Some of JCB’s jobs will be open to applicants without any educational requirements. For other more technical roles, the company will lean on the county’s manufacturing training programs.
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