Title
Consider a resolution nominating United Parcel Service, Inc. as a qualified Enterprise Zone Project to be eligible to participate in the Enterprise Zone Program.
Body
This agenda item is a request for nomination of UPS’s Round Rock facility as an Enterprise Project for job retention and creation benefits. UPS is building a new 225,000 sf distribution and warehouse facility in Round Rock at 33 Roundville Lane. The total cost of the new facility is expected to be $110.9 million, housing 300 UPS delivery vehicles, and creating 467 new full-time positions. It will also serve to retain 96 full-time positions currently located at its leased facility off Old Settlers Blvd.
UPS’s basis for qualification of enterprise project designation are, (1) it involves “an expansion, renovation, or new construction”; (2) it will be completed within a predetermined period of time not to exceed 5 years; and (3) the company utilizes a cost center based accounting system that allows for tracking of income and expenses related to the qualified business site.
UPS is located in Census Tract 207.03, Block Group 1, in Williamson County with a 2.54% poverty level, as defined by the U.S. Census for 2010. UPS commits to hiring thirty-five percent (35%) economically disadvantaged persons, veterans or enterprise zone residents for its new or replacement personnel at the facility, for certified jobs over the next five years.