Plano City Council approved a $500,000 incentive for a sour cream company, Daisy Brand, to headquarter in the city at a meeting July 27.
In a nutshell
Daisy Brand will be relocating its office from Dallas to Granite Park Four in Plano, per city documents. The company will be required to invest at least $10 million on property improvements at its new 54,498-square-foot office space and regularly operate there by the end of December 2027.
“Daisy Brand has been a respected leader in the dairy industry for more than a century, and we’re honored they’ve chosen Plano for their headquarters,” Mayor John Muns said in a statement. “Our talented workforce, exceptional quality of life and business-friendly environment continue to attract leading companies. We look forward to building a strong partnership and supporting Daisy Brand’s future success.”
The $500,000 incentive from the city comes from Plano’s Economic Development Fund, which provides grants to promote economic development in the city. Funds are collected from a portion of the city’s property taxes approved in 2006, according to the city.
The background
Daisy Brand is a nationwide, dairy-based condiment company with sour cream and cottage cheese products according to its website. It was founded in 1917 in Chicago before it relocated its headquarters to Dallas in 1975.
Daisy Brand also has a processing facility in Garland for packaging. Other plants are located in Arizona and Ohio.