Plano City Council approved economic incentives for engineering and manufacturing companies at a meeting Aug. 24.<\/p>\n
The gist<\/p>\n
The city approved $225,000 for SPIARS Engineering<\/a> to occupy 31,000 square-feet of office space along K Avenue. The company is expected to invest $3.6 million in property improvements by March 2027, per city documents<\/a>.<\/p>\n SPIARS Engineering specializes<\/a> in land development, site development and municipal projects across Texas. Economic Development Director Michael Talley said the company works on projects across the metroplex.<\/p>\n \u201cWe love working with great companies that want to take care of your employees and give back to the community,\u201d Talley said.<\/p>\n SPIARS engineering will also be expected to use city facilities, including hotels, for company-related or sponsored business activities throughout the agreement term, which will last for 10.75 years after March 1.<\/p>\n One more thing<\/p>\n The city also approved a $300,000 incentive for Krypton Solutions LLC.<\/a>, a manufacturing company with ties to the medical, defense, aerospace, energy, telecommunications, semiconductor and industrial industries.<\/p>\n Krypton Solutions will be occupying a 88,000 square-foot facility along Summit Avenue with the expectation of doing $17 million worth of property improvements by the end of 2028, per city documents<\/a>.<\/p>\n \u201cPeople sometimes focus on the large, corporate relocations, but projects like these are really kind of what make Plano what it is,\u201d Michael Talley said.<\/p>\n The agreement will last 10 years after Dec. 31, 2028 and will mean Krypton Solutions is expected to use city facilities, including hotels, for company-related or sponsored business activities throughout the agreement.<\/p>\n The background<\/p>\n