To approve an Economic Development Incentive Agreement between the City of Plano, Texas, and Nature’s Toolbox, Inc., a Delaware corporation (“Company”), providing an economic development grant to the Company; and authorizing the City Manager, or his authorized designee, to execute all necessary documents. Approved

This agenda item represents a request to approve an Economic Development Incentive Agreement for Nature’s Toolbox, Inc., a Delaware corporation, pursuant to Chapter 380 of the Texas Local Government Code, and conditioned on the terms as set forth in the attached agreement. Nature’s Toolbox, Inc. agrees to lease and occupy a minimum 18,000 square feet of office and biomedical lab space at 5201 Tennyson Parkway, Plano, Texas 75024, and transfer, retain, or create up to 138 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 $351,900, will leave an unencumbered balance of $43,659,680 available for future project consideration.

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