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(8)(h)
CITY COMMISSION REGULAR MTG
Meeting Date:
05/21/2025
Title:
Approve resolution supporting concurrent Texas Enterprise Zone for Marathon - 2 of 2
Submitted For:
Kristin Edwards
Submitted By:
Kristin Edwards, Economic Development
Department:
Economic Development

Information

ACTION REQUEST

Approve Resolution 2025-057, supporting Marathon Petroleum Company LP’s Texas Enterprise Zone application to the State of Texas, for the purpose of a concurrent enterprise project.

BACKGROUND (Brief Summary)

The City of Texas City was approached by a third-party consultant hired by Marathon Petroleum Company LP to pursue a concurrent Texas Enterprise Zone designation for a $300 million project with a facility headcount of 1,500 employees.

A Texas Enterprise Zone is a State sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state. 
The City’s role is to nominate Marathon Petroleum Company LP for concurrent enterprise project status on the grounds that it will be located at the qualified business site, will create a higher level of employment, economic activity and stability.

As the project meets both the funding requirements and the employment level required for a Texas Enterprise Zone, we will be asking for the City Commission’s approval of two Resolutions affirming the City’s support.

The City has not committed to, nor is expected to, provide any additional incentives for the project.  With the City Commission's approval, Marathon Petroleum Company LP will move forward with their application to the State of Texas for a concurrent enterprise zone designation.

RECOMMENDATION

Approve Resolution 2025-XX, supporting Marathon Petroleum Company LP’s Texas Enterprise Zone application to the State of Texas, for the purpose of a concurrent enterprise project.

Fiscal Impact

Funds Available Y/N:
Y
Amount Requested:
$0
Source of Funds:
Account #:

Fiscal Impact:

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