CORPUS CHRISTI, Texas \u2014 Efforts to bring a Houston-based bakery to Corpus Christi have hit a snag.<\/p>\n
Corpus Christi City Council members rejected changes to an economic development incentive agreement for El Bolillo Bakery during Tuesday’s meeting. The disputed language \u2014 added by the city’s Type B Corporation \u2014 focused on how the city could respond if the bakery defaults on the agreement.<\/p>\n
El Bolillo Bakery had asked the city for up to $363,000 in economic development tax incentives. In exchange, the company would convert the old Walgreens on Morgan Avenue near the Crosstown Expressway into a wholesale bakery and distribution facility, with a retail bakery on site. <\/p>\n
The deal could create about 120 permanent jobs and generate at least $6 million in investment. El Bolillo would repay its incentive package in three years.<\/p>\n
The city said it will approve the agreement once the Type B Board changes the agreement back to its original wording.<\/p>\n
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