To approve an Economic Development Incentive Agreement between the City of Plano, Texas, and Simpson Strong-Tie Company, Inc., a California corporation (“Company”), providing an economic development grant to the Company; and authorizing the City Manager to execute all necessary documents. Approved

This agenda item represents a request to approve an Economic Development Incentive Agreement for Simpson Strong-Tie Company, Inc., a California corporation, pursuant to Chapter 380 of the Texas Local Government Code and conditioned on the terms as set forth in the attached agreement. Simpson Strong-Tie Company, Inc. agrees to lease and occupy a minimum 48,000 square feet of office space at 5525 Granite Parkway, Plano, Texas 75024 and transfer, retain or create up to 215 Full-Time Job Equivalents by December 31, 2029. 


Property Location

Funding for this item is available in the 2024-25 Economic Development Fund. This item, in the amount of $800,000.00, will leave an unencumbered balance of $41,690,749.00 available for future project consideration.

Approval of this Agreement supports the City’s Strategic Plan Critical Success Factor of Residential and Commercial Economic Vitality.