New manufacturing facility in Seguin gets state funding; to create 200 jobs

Oct 29, 2014
Austin Business Journal

The state of Texas is investing $800,000 to bring a food manufacturing facility to Seguin that is expected to create more than 200 new jobs

Gov. Rick Perry said the investment from the Texas Enterprise Fund helped close the deal on a new facility for Siro Group USA, a subsidiary of Grupo Siro, one of the largest food manufacturers in Spain. The company produces baby food, cookies, pastries, pasta, frozen desserts, bread and cereals, with more than half of its total output sold to retailers as private label products

Luis Ángel López, CEO of Siro Foods, said Seguin, south of Austin off I-35 near New Braunfels, is a strategic location for the factory due to its environmental conditions and qualified workforce. In addition to the TEF grant, the company received support from the Guadalupe County Tax Abatement Committee, the Seguin City Council and the Seguin Economic Development Corp

The new facility will produce products for customers in Canada, Mexico and Central America and is expected to pump $58.5 million in capital investment into the local economy

Since it was established by the Legislature in 2003, the TEF has awarded more than $575 million and closed the deal on projects generating nearly 77,000 jobs and more than $24 billion in capital investment in the state. The funds' future, however, is in doubt now that Gov. Perry is about to leave office. Follow this link to see a database of all TEF awards since 2003

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