By Brittany Anderson
KYLE — A $66 million capital investment is expected to bring thousands of jobs and dollars in annual revenue to Kyle.
NorthPoint Development, in partnership with Kyle Economic Development, held a ribbon cutting ceremony on Thursday to celebrate the Plum Creek Industrial Center.
The center is part of the larger Plum Creek planned community that features housing, mixed-use developments and other employment opportunities.
Located on 19200 Marketplace Ave, the 935,000 square-foot industrial business park is expected to bring nearly a thousand new direct and indirect jobs and produce an estimated $860,116 of annual tax revenue.
Jed Momot, NorthPoint Development’s chief strategy officer, said that the center is also projected to bring $26 million in new wages back into the local economy that will stimulate other things like retail, hospitality and restaurants.
During the ceremony, Momot recognized the businesses that have leased space in the center: Viking SupplyNet and Lanter Delivery Systems in building one and Outer Aisle Gourmet, Plastikon and American HVAC Metals Supply in building two. A third building is still under construction.
Momot also praised Kyle’s diligent development efforts, saying that a project like this requires very strong private and public partnership.
“In many other cities and states we go to work in, it’s very difficult to get a building permit and a building up,” Momot said. “Here in Kyle, we did it in record time.”
Mayor Travis Mitchell said that the explosive development in Kyle that has taken place over the last 24 months is “something to behold.”
“I talk to mayors and city council members from other cities and they don’t have it as well as we do,” Mitchell said. “We’re very blessed to have the partners that come to our community and want to invest and build those long-term relationships.”
Before the event concluded with business partners and city officials cutting the ceremonial ribbon, Diana Blank-Torres, Kyle’s director of economic development, spoke about the impact that the variety of tenants will have on the center and local economy.
“We have some core principles in economic development. A couple of them are job creation and diversification of the economy,” Torres said. “We have tenants that are joining this park from construction and manufacturing, food and beverage, advanced manufacturing and automotive supply chain, and everywhere in between. We’re excited to see that mix of tenants.”
