In The News
New Braunfels customer support outsourcing company files for IPO (April 2021) - TaskUs Inc., a customer service outsourcing company that moved its headquarters to New Braunfels, has filed for an initial public offering, the company said Monday. TaskUs expects to sell an aggregate of $100 million in shares, having applied to trade on the Nasdaq Global Select Market under the symbol “TASK," according to its registration statement filed with the U.S. Securities and Exchange Commission.
San Antonio Food Bank plans to build $9 million complex in New Braunfels for families struggling with rising housing costs (Jan 2020). Based on the 2018 New Braunfels Housing Study, there was an immediate demand of 5,000 workforce rental units and likely considerably higher now.
New Braunfels youth-sports complex project awarded $750,000 grant. from TPWD, city voters approved project in 2019 bond package (Aug 2020). The $25.7 million project, which voters approved during the 2019 bond election, will feature soccer, baseball, and softball fields, as well as concessions, restrooms, dedicated open space, shade structures, native landscaping and parking.
Companies still eye New Braunfels for future amidst uncertainty (Aug 2020) - Despite setbacks caused by the COVID-19 pandemic, New Braunfels is still popular with business site selectors across the country, a local economic development official said.
United Career Training (August 2020) announced plans to rehabilitate a New Braunfels facility on Landa Street for their corporate headquarters and operate an technology training center that will retain up to 40 primary full-time jobs with an expected average salary around $60,000. The new center will have a capital investment of $2.4 million and received $85,000 from NBEDC for primary job creation.
Continental North America (Feb 2020) announced a $110 million investment in a 215,000-square-foot facility on 48 acres on the Interstate 35 that will employ 130 and retain nearly 450 jobs. Construction is slated to begin later this year. Click here for news of the announcement.
McCoy's Corporation (2019) has announced expansion of their local door and mill work operations and will retrofit an existing 102, 940 sq. ft. industrial space and hire up to 38 more employees. The existing facility supplies interior and exterior pre-hung door units to over 70 McCoy’s Building Supply retail store locations with stock doors and mill work as well as to contractor customers in over 50 markets in Texas. The new location will increase warehouse space, production capacity and allow the company to more fully utilize the manufacturing equipment. See the news release here.
Calendar Holdings (AKA Go! Retail) (2019) has announced a 2nd expansion In New Braunfels within 12 months, adding five additional jobs and expanding into an additional 29,120 sq. ft. of warehouse space. (October 18, 2019). Click here for news release.
PNC Bank - (2019). PNC Bank has chosen New Braunfels, TX for a new operations site after an 18-month, multi-state search for a location that offered both a great weather and business opportunity climate, workforce availability, centralized location and overall pleasantness of the city. PNC plans to hire hundreds of local employees and will occupy a 60,000-sq.-ft. Class A office space located on Sundance Parkway near FM 306. Click here for news release.
Go! Retail Group- (2019) is now open in New Braunfels and ready to hire warehouse workers at their 250,000 sq ft. distribution center located south of town. New hires will join about 65 to 70 other full time employees to help fill customer orders of the company’s line of calendars, games and toys. The addition of Go! Retail Group to New Braunfels connects perfectly with the NBEDC Strategic Plan of adding more and better jobs to New Braunfels. Click here for the news release.
TaskUs, a Los Angeles company that specializes in providing a plethora of business services to digital brands such as Tinder, Wish, Hootsuite, Hotel Tonight and Sparefoot, is expanding its San Antonio-region presence with as many as 1,000 new positions in New Braunfels. Chief Operations Officer Joe Buggy on Tuesday said training already was under way for the first 50 employees at the 41,000-square foot Heritage Plaza location, which once housed operations for the now-defunct Scooter Store. He said the site was expected to be online by the end of April.
CBE announced in March 2017, the addition of 200 new jobs to the exisiting facility in New Braunfels. This expansion is part of a long-term strategy for large-scale growth in New Braunfels, as originally announced in late 2014. CBE plans to add the number of 200 new jobs by the end of the year.
Broadband Study approved – about $57,000 in 4B funds to hire broadband consultants Magellan Advisors to facilitate the development of a public/private partnership that would provide the faster Internet service. Under the plan, the city would build a poles-and-wires, utility-like infrastructure system for fiber-based, high-speed Internet and hire a private firm to provide and operate the Internet services via the city’s system.
Veramendi Road. The NBEDC gave the initial OK to a project expenditure of up to $1.6 million for a road leading into a mixed-use development area of the proposed Veramendi subdivision. The expenditure is in the form of a loan which would be payed back with interest. The loan would go to Veramendi developer ASA Properties. The road — which would be about 32 feet wide from curb to curb — would start at Loop 337 and dead-end in that mixed-use development area, but the project expenditure is contingent on other parties agreeing to eventually extend the road all the way to Oak Run Parkway in the future.
Sams's Distribution Center (2018) Walmart distribution celebrates 30th anniversary milestone.
In March 2016, Stream Realty Partners and USAA Real Estate Co. announced plans to develop I-35 Logistics Center, a 397,600-square-foot, Class A warehouse located along I-35 in New Braunfels, a suburb of San Antonio. The development, located 20 minutes from the San Antonio International Airport, will accommodate tenants from 87,000 to 397,600 square feet. The project also includes 4.2 acres of fully entitled, development-ready land available for separate purchase.
CGT U.S. Limited Governor Greg Abbott today announced that CGT U.S. Limited will construct a new manufacturing facility in New Braunfels, Texas. CGT anticipates creating at least 275 jobs and $80 million in capital investment in the State of Texas. The project will reshore part of the company’s manufacturing from China and increase North American capacity. A Texas Enterprise Fund (TEF) grant offer of $2 million has been extended to CGT.
Nissan Auto Dealer with car lots in San Marcos and Boerne will get an $85,000 economic incentive to come to New Braunfels and open up a Nissan dealership. New Braunfels City Council OK’d the incentive on a 4-2 vote amid arguments over whether city tax funds should be doled out to a car dealership that will compete with similar businesses already in town.
Alamo Colleges – Central Texas Technology Center (2016) Groundbreaking of the $6.3-million expansion of the campus takes place – Representatives report that the expansion that will ultimately double the size of the campus, will make room for those seeking an Associate’s Degree, as well as enhanced workforce development training programs. CTTC Manager, Chester Jenke explains that the expansion represents the commitment from multiple agencies focused on education, workforce development, and job training.” The expansion will be funded by $4 million from the New Braunfels 2013 bond program, $1.25 million grant from the U.S. Department of Commerce Economic Development Administration (EDA), and the remaining funds from the New Braunfels 4B Economic Development Corporation and Seguin 4A Economic Development Corporation.
Rush Enterprises: 4B gave 800k to keep Rush parked here – In a bid to ensure one of the city’s largest employers remains headquartered here for years to come, the New Braunfels Economic Development Corporation (aka 4B Board) on Thursday voted to help Rush Enterprises renovate its local properties. President Bob Gray said he thinks up to $800,000 is a fair price to pay for the security. “We approached them,” he said. “We want to keep them here. They’re a strong employer.” At a specially-scheduled meeting 4B voted unanimously to grant the expenditure to the company, which operates a vast network of commercial vehicle dealerships in North America.
HEB rang up a total of $1.5 million in possible economic incentives Monday night as New Braunfels officials moved to put a third HEB in the bag for shoppers in the fast-growing city. New Braunfels City Council offered the incentives in support of the San Antonio-based firm’s plans to build a new HEB Plus grocery store near the intersection of FM 306 and I-35. It would be the city’s first HEB Plus, which offers not just groceries but electronics, toys, housewares, grilling and outdoor goods, party supplies, apparel and more.
IBEX Global (2013) announces the opening of their newest location in New Braunfels, Texas. The site, formerly occupied by The Scooter Store, is slated to be open early November. By the end of 2013, the site will employ between 250 – 300 employees in all positions from Management to Hourly Production Associates. Additionally, IBEX has growth plans for an additional 400 – 600 employees and has already secured clients for the location. 4B Board is set to provide $1 million in incentives for infrastructure and training.
Ashley Furniture (Nov. 2008) Ashley Furniture Store announced plans to expand its current warehouse facility to the tune of 28 million, adding 120 jobs
Spark Small Business – A New Braunfels Incubator project, designed to teach skills to help prospective businesses get off the ground and be successful. New Braunfels EDC provided $180,000 to initially fund the project. It is designed to accommodate budding entrepreneurs from a variety of different fields.