Type A Fund | Job Creation & Retention
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THE A FUND IS A BUSINESS AND JOB GENERATOR that was voted on and approved by Corpus Christi voters in 2002. The sole purpose of the fund is to help keep our city competitive in attracting and retaining businesses and jobs. The citizens of Corpus Christi are helping our city grow by dedicating 1/8 of a cent of sales tax collected toward economic development and job growth. An estimated $6 million in revenue are collected in the fund each year. HERE IS THE IMPACT.

JOB CREATION & RETENTION

Type A funds have been used to provide an incentive for other businesses to either bring them to Corpus Christi or to incentivize them to expand their existing businesses.

 

AC Distribution:

Invested $4,312,109 and added 27 jobs
 

McTurbine:

Invested $7,113,268 and created 70 new jobs and retained 382 jobs

 

Commercial Metals Company (CMC):

Invested $25,000,000 and 51 new and retained jobs for a new metal recycling plant on Highway 44 which opened in 2012

 

Turner Industries Group:

Invested $13 million and created 200 new jobs which opened in 2010

 

Susser Holdings:

Invested $5,060,629 and brought in 71 more personnel into their headquarters on Ayers Street for a total of 287 employees

 

Kanon Services:

Oil Services company investing $3,700,000 and creating 40 new jobs

 

Majek Boatworks:

Investing $1,050,000 and creating and retaining 51 jobs to expand their nationally known boat manufacturing plant

 

Oneta Company:

The last independent Pepsi bottler south of Dallas, will invest $5,000,000 and create 31 new jobs and retain 64 jobs

 

HEB Bakery:

A Texas icon, scheduled invest up to $17,000,000 and retain 388 jobs

 

Hausman Foods:

Local meat processing company will add an extra shift and personnel to sell their products. They will create 52 jobs and invest $2.1 million.

 

CC Cold Storage:

They will renovate the only cold storage facility in the area with a $1.5 million investment

 

Sam Kane Meat Processors:

Sam Kane has been a fixture in the community. They will create 70 jobs
 


TYPE A FUNDS EXPIRE APRIL 3, 2018
POTENTIAL VOTE NOVEMBER 2016