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Elgin: St. Louis Aerospace Manufacturer Signs Development Pact for $4M+ Factory

Feature Photo: An aerial view of the proposed site, within the city’s business park, off Roy Rivers Road. Image: Google Streets.

Posted: 9-21-2021

by Art Benavidez

Elgin (Bastrop County) — The city recently entered into an economic development agreement with a Missouri aerospace manufacturer for the development of a manufacturing facility.

The agreement calls for the city’s Economic Development Corporation to sell a 5-acre lot in the city’s business park–located off Roy Rivers Road–to St. Louis-based Carr Lane Manufacturing.

The city will offer a $272,250 rebate, along with $100,000 to cover property taxes and closing costs. Carr Lane would in turn construct a 50,000 square-foot manufacturing facility.

The facility will be constructed at an estimated cost of $3.9 to $4.4 million, with Carr Lane also installing approximately $3.25 million in new machinery.

In exchange, the company will also employ 65 full time employees with an hourly wage between $13 to $20 and keep a minimum of 65 employees for four years. 

Sean Garretson, with the economic development firm Pegasus Planning and Development, represented Carr Lane Manufacturing during the incentive process.

VBX Project ID: 2021-6B30


art@virtualbx.com

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By |2021-09-21T15:17:57-05:00September 21st, 2021|Construction Preview, Feature Story|

About the Author:

Art Benavidez (Construction News Reporter, Central Texas) is a seasoned journalist with over 15-years of experience in writing breaking news and in-depth features at the local level. He honed his research and reporting skills in newspapers and magazines throughout South and West Texas along with expertise in crafting digital content as Managing Editor of New Image Marketing Research Corporation. Benevidez is a Texas native and graduate of UT-RGV.

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