El Bolillo Bakery appears to be on its way to Corpus Christi, with a tax incentive agreement finalized Oct. 19 after months of discussion.
It represents resolution on contract language between the Corpus Christi City Council and the Type B board, the body that oversees economic development deals backed by a voter-approved one-eighth-cent sales tax.
The $363,000 tax incentive agreement is intended to support the creation of 121 jobs to staff the mass-manufacturing baked goods facility, in addition to some of the expenses to put operations online, such as some of the infrastructure costs, records show.
The Houston-based business will supply major distributors, as well as grocery stores and restaurants, officials have said. A small retail bakery,
though not the focus of the project, is included in plans.
The company seeks to redevelop a former Walgreens property on the city’s Westside for its enterprise, investing an estimated $6 million, according to city documents.
Funding is contingent on the company meeting certain criteria within certain time periods.
A previous Type B board — of which the majority of members were replaced by the council in September — had removed language in the contract that would enable the council to issue a default letter to the company.
The council rejected that change earlier this month, approving the contract with the condition that the Type B board amend it to restore the language.
The board under a new membership slate approved the revision Oct. 19, making the tax incentive agreement official.
The company plans to be up and running in 2027, according to an Oct. 19 news release.
Kirsten Crow covers city government and water news. Have a story idea? Contact her at kirsten.crow@caller.com.
Consider supporting local journalism with a subscription to the Caller-Times.
This article originally appeared on Corpus Christi Caller Times: El Bolillo Bakery cleared for tax funds in Corpus Christi
