SSISD Approves Application, Tax Agreement With Ashoka Steel Mills
Ashoka Steel Mills, LLC, this week cleared another hurdle toward locating the company’s first US plant in Sulphur Springs. The business received approval from Sulphur Spring ISD Board of Trustees for what is often referred to as a Chapter 313 Tax Agreement, referring to Texas Tax Code Chapter 313, which allows businesses to apply for a tax break on all or part of school district maintenance and operations taxes. Ashoka Steel...
County, Hospital District Approve Tax Abatements For Ashoka Steel Mills
Negotiations Ongoing With City Regarding Land Acquisition The county and hospital district this week approved tax abatements for Ashoka Steel Mills, LLC, clearing two more steps for the company to invest $245 million in construct of its first plant in the United States on the city-owned old coal mine property on FM 1870 in Sulphur Springs. Ashoka Steel Mills Sulphur Springs-Hopkins County Economic Development Corporation Executive...
City Of Sulphur Springs Reaches Land Sale Agreement With Ashoka Steel Mill LLC
A land sale agreement was struck between the city and Ashoka Steel Mills LLC for development of 250-acres out of the total 4,857-acre former Thermo/Luminant mine property Tuesday. The deal marks commitment of Ashoka to invest a minimum of $300 million into business and creation of 315 additional jobs in Sulphur Springs. According to Sulphur Springs-Hopkins County Economic Development Corporation Executive Director Roger Feagley, this...
SSISD Board Of Trustees Accept Application, Agree To Consider Chapter 313 Agreement For Proposed Manufacturer
Sulphur Springs ISD Board of Trustees Monday evening agreed to review an application for an appraised value limitation on qualified property for completion, then send it to the state for review for Chapter 313 compliance then, if approved, to consider the request from business considering establishing a Sulphur Springs facility. The application will be reviewed by the superintendent as well as Powell Law Group for completeness, then...
Changes Proposed For City’s Enterprise Zone Program, Video Gaming Facility Policies
Sulphur Springs City Council this week approved on final reading a reinvestment zone and a rezoning request, as well as a reinsurance contract, a resolution appointing 3 to the Tax Increment Financing Reinvestment Zone Board, and on first reading two ordinance amendments. Video Gaming Facility Ordinance Sulphur Springs Police Chief Jason Ricketson asked the City Council to consider approving Ordinance No. 2810, which would amend...
Sulphur Springs City Council Has Busy Night Ahead With Workshop Followed By Regular Meeting
Sulphur Springs City Council has a busy night ahead with a workshop scheduled at 5:30 p.m., followed by the regular monthly meeting at 7 tonight (Aug. 2, 2022). The workshop focus will be on a proposed budget for fiscal year 2022-2023. City staff are continually updating and working on finances. They will present their first proposal for discussion during the 5:30 p.m. work session, which will then be revised based on discussions and...
Reinvestment Zones Established For D6 Inc. Extension, 1 Potential New Business
The establishment of reinvestment zones by Sulphur Springs City Council advanced two businesses one step closer to construction in Sulphur Springs. Ashoka Steel Mill is considering two locations on which to locate a new branch of the business, and Sulphur Springs is one of the two. D6 Inc. LLC plans to expand its current location, then in stages relocate its corporate headquarters from Portland to Sulphur Springs. Establishing...
City Council To Consider Requests To Establish 2 Reinvestment Zones, 6 Zoning Changes
Gift, 2 Economic Development Projects, Real Property Matters, Contract Amendment For 2022 SIP Also On July 5 Agenda Sulphur Springs City Council has a lengthy July 5, 2022 agenda, which includes requests to establish two reinvestment zones for new businesses and six zoning changes — including one reinvestment zone request and five rezoning requests to be presented for second and, if approved, final reading; and one new request each to...
Zoning Request, Supplies Contracts For 3 Capital Improvement Projects Up For Consideration
A zoning request, supplies contracts for three capital improvement projects and airport ground lease agreements are up for consideration by Sulphur Springs City Council tonight (May 3, 2022). Sulphur Springs Municipal Building Jason and Jennifer Lacomfora are asking that 1.54 acres they own at 1120 Church Street be rezoned. The tract is split-zoned multifamily and heavy commercial. The Lacomforas would like for the entire property to...
