Tax abatement OK'd; Decra Roofing Systems Inc. expects 80 jobs within three years
- Charity Fitch
- Aug 3, 2023
- 1 min read
The Ellis County Commissioners Court unanimously approved a tax abatement for Decra Roofing Systems Inc. on a property in Ennis during its meeting Tuesday, Aug. 9.
In the tax abatement agreement, the company will pay 55% on new property value only for the next five years. The property is currently valued at $7.5 million. It sat vacant and declined in value over the last two years, discussion noted.
“A proper tax abatement, properly structured, increases total revenue, in this case, on a property that is becoming destitute, a property declining in value,” Commissioner Paul Perry said.
The company will renovate and refurbish the current 204,000 square foot building and bring in heavy machinery at a cost of $31 million.
Ennis Director of Economic Development, Jim Wehmeier, said the company will have a minimum of 50 new jobs in the first 12 months and 80 new jobs in 36 months.
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