Type A Fund | Outside Investment
60
page,page-id-60,page-child,parent-pageid-42,page-template-default,ajax_leftright,page_not_loaded,
 
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.

OUTSIDE INVESTMENT

Type A funds have been used as part of a larger incentive package.

 

Upper Padre Partners (Schlitterbahn):
Type A grant of $5,000,000 along with a Chapter 380 agreement with the City. The entire incentive package could total $117 million. The $5 million grant is tied to completion of the waterpark. They will invest up to $552,000,000 and create 300 new jobs.

 

M&G Resins:
Type A grant of $3,000,000 as part of a Nueces County and Del Mar College tax abatement, part of the City’s Industrial District, State training funds, and a possible incentive from the school district. The entire incentive package could total $174 million. They will invest $750,000,000 and create 220 new jobs.

 


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