Print Reading Mode Back to Calendar Return

AI# 13002  Regular City Council Meeting 5.21. 11/12/2024:

Information

Agenda Item

Resolution - Business Development: Consider a resolution authorizing a program or expenditure of Market Lubbock, Inc., to be provided to Goodwill Industries of Lubbock, Inc. dba Goodwill Industries of Northwest Texas, pursuant to Article IV, Section 5, of the Amended and Restated Bylaws of the Market Lubbock Development Corporation.

Item Summary

Goodwill Industries of Northwest Texas is proposing the construction of a 13,000 square foot Career Resource Center and Retail Store at 504 North Martin Luther King Jr. Boulevard in Lubbock, Texas. The 5,000 square foot Career Resource Center will include training rooms, office space, and an area available to the community to use for individual job skill development and job search purposes. The project will create an estimated 29 new jobs with a targeted annual compensation of $801,320, with a capital investment of $3,680,445.  The Market Lubbock, Inc. Board of Directors voted to incentivize Goodwill Industries of Northwest Texas with a $250,000 capital investment grant, to be paid in equal increments over a two-year period. The Board approved this grant at their October 23, 2024 Board Meeting, and recommends approval by the City Council.

Fiscal Impact

The Market Lubbock, Inc. Board of Directors voted to incentivize Goodwill Industries of Northwest Texas as described in the Item Summary. The City of Lubbock does not have financial responsibility for these incentives.

Staff/Board Recommending

Bill Howerton, Deputy City Manager  Brianna Brown, Business Development Director  Market Lubbock, Inc. Board of Directors

Attachments Resolution Project Summary Market Lubbock Resolution

AgendaQuick ©2005 - 2025 Destiny Software Inc. All Rights Reserved.