Feature Photo: A street view of the exterior of Mars Wrigley Waco building entrance. Image: Google Streets.
Waco (McLennan County) — The city is expected to enter into an economic development agreement with a national candy bar maker to expand its Waco operation at today’s City Council meeting.
Hackettstown, New Jersey-based Mars Wrigley Confectionery US, LLC through its subsidiary, Mars Wrigley, will invest $31.4 million to expand its facility, which includes $16.9 million in real property investment and $14.45 in new business personal property investment.
The company must complete the expansion of its local facility by June 30, 2022.
Mars Wrigley will enlarge its production facility by adding 23,000 square feet to its current building footprint of over 500,000 square-feet.
The building site is located at 1001 Texas Central Parkway in the western portion of the city.
The facility, which opened in 1976, operates 24 hours a day and the company has agreed to cultivate a workforce of 620 employees, with an average annual base salary of $45,000.
The project is estimated to result in more than $1.4 million in direct new property tax revenue to the city over the first ten years of the facility’s expansion.
VBX Project ID: 2021-53DD