Posted 11:15 pm Tuesday, August 07, 2012
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Former Goodyear Plant Could See New Residents
An Ohio company is making plans to move into the former Goodyear tire plant on Texas Highway 31.
The Smith County Commissioners Court will consider a three-year tax abatement to bring a manufacturing employer to the former Goodyear plant on Texas Highway 31 West.
Hyponex Corporation, which makes Scotts Miracle Grow, will be considered for a tax break during the court’s 9:30 a.m. meeting and public hearing on the abatement today inside the Courthouse Annex, 200 E. Ferguson St. in Tyler.
The move could create up to 40 jobs and bring between $6 million and $8 million in investment to the location, Tyler Economic Development Council President Tom Mullins said.
Mullins said there will be management and operations positions, but most jobs will be packaging. He said the positions will add about $400,000 annual payroll to the area.
The Smith County Commissioners Court will consider a three-year tax abatement to bring a manufacturing employer to the former Goodyear plant on Texas Highway 31 West.
Hyponex Corporation, which makes Scotts Miracle Grow, will be considered for a tax break during the court’s 9:30 a.m. meeting and public hearing on the abatement today inside the Courthouse Annex, 200 E. Ferguson St. in Tyler.
The move could create up to 40 jobs and bring between $6 million and $8 million in investment to the location, Tyler Economic Development Council President Tom Mullins said.
Mullins said there will be management and operations positions, but most jobs will be packaging. He said the positions will add about $400,000 annual payroll to the area.
The company is buying 63 acres and part of the 1.12 million square foot space owned by California-based investment firm Industrial Realty Group, which plans to turn the 155-acre tract into a business-industrial park, Mullins said.
“It’s not a big job generator, but it’s a major national company,” he said. “There will be activity out there again, and that is exciting.”
Commissioner Jeff Warr said the job creation is good, but the plant’s presence will have a multiplier effect for businesses producing materials needed to make Scotts products.
Mark Whatley, real estate broker at Burns Commercial Properties, is handling the sale for the owners. He said the sale is being finalized.
At the height of production, the former tire manufacturing plant had about 1,500 employees.
A 2006 study conducted by Impact DataSource, of Austin, showed that with 1,075 hourly and salaried employees, the Tyler Goodyear payroll was $70.3 million.
Goodyear proposed closing the Tyler plant during contract negotiations that year, and the union went on strike to keep them open. After local and state incentive packages were submitted, Goodyear chose to invest in the Fayetteville, N.C., and Gadsden, Ala., plants.
“It’s not a big job generator, but it’s a major national company,” he said. “There will be activity out there again, and that is exciting.”
Commissioner Jeff Warr said the job creation is good, but the plant’s presence will have a multiplier effect for businesses producing materials needed to make Scotts products.
Mark Whatley, real estate broker at Burns Commercial Properties, is handling the sale for the owners. He said the sale is being finalized.
At the height of production, the former tire manufacturing plant had about 1,500 employees.
A 2006 study conducted by Impact DataSource, of Austin, showed that with 1,075 hourly and salaried employees, the Tyler Goodyear payroll was $70.3 million.
Goodyear proposed closing the Tyler plant during contract negotiations that year, and the union went on strike to keep them open. After local and state incentive packages were submitted, Goodyear chose to invest in the Fayetteville, N.C., and Gadsden, Ala., plants.
