In The News
McCoy's Corporation has announced expansion of their local door and millwork 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 millwork 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) 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 - (Sept 24, 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- 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.
Landa Street Project was OK’d covering a city funding gap for a Texas Department of Transportation. The NBEDC, also known as the 4B board, voted to pay for a funding shortfall of about $200,000 for a project to improve Landa Street, including the construction of sidewalks to promote pedestrian travel.
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.
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.
Groundbreaking of the $6.3-million expansion of the Alamo Colleges – Central Texas Technology Center 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.
New Braunfels gained nearly 2000 jobs last year. New Braunfels is continuing to experience record growth. The Hill Country community gained 1,946 new jobs in 2014. Three companies — IBEX Global, CBE Companies and Nexus Medical Consulting — were responsible for roughly 1,000 of the new jobs, according to Michael Meek, president of the Greater New Braunfels Chamber of Commerce
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.
In 2015, 4B approves $50,000 expenditure to conduct feasibility study for sports complex The 4B Board approved a $50,000 expenditure to the Luck Design Team to conduct a feasibility study for a project to construct an amateur sports complex in town. For many months the NBEDC has tossed around the idea of building such a facility to attract tournaments and provide a top-notch facility for residents to enjoy. The $50,000 would go into determining exactly what the facility might include, how much space would be needed to build it and what the city would require to run it, New Braunfels Parks Director Stacey Dicke said. “This is a very, very wise investment for this city,” resident Wayne Rudolph said
IBEX Global 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 – In November 2008, Ashley Furniture Store announced plans to expand its current warehouse facility to the tune of 28 million, adding 120 jobs
Town Center at Creekside –414 acres, Target is the anchor store of phase 1, 250 million cost of construction over $26 million in public drainage and road improvements completed, part of a tax increment reinvestment zone. Super target opened in July 2008, followed by JC Penney’s, Famous Footwear, Maurice’s and Best Buy. Phase II is expected to begin shortly.
Spark Small Business – A New Braunfels Incubator project, designed to teach skills to help prospective businesses get off the ground and be successful. Build NB provided $180,000 to initially fund the project. It is geared toward the culinary arts, designed to accommodate budding entrepreneurs from a variety of different fields.
TownCreek –Mixed used development, in Phase I. Construction underway for up to 600 homes.
Post Acute Medical (PAM) – Long Term Acute Care Hospital announced plans to bring a 40-beds hospital for post-care. The facility will be located on Hanz Dr. and will have cost $15 million inin construction
Courtyard by Marriott River Village – broke ground in late 2008 and expected to open in July 2009. The 125 room hotel development will feature an outdoor deck with a Guadalupe river view, upscale restaurant and a 4,000 sq feet meeting room and conference space.
Sam’s Distribution Center – Warehouse space for Sam’s club opened in early 2008 and will be providing up to 60 jobs. The distribution center is one of 3 in Texas.