Tax Abatement

The College will be holding a public meeting for discussion and possible action on approval of a proposed tax abatement agreement as required by the Texas Tax Code, section 312.207.  Tax Abatement being considered: 

Owner:  Knauf Insulation, Inc.

Applicant:  Knauf Insulation, Inc.

Reinvestment Zone: McGregor Tax Increment Reinvestment Zone #1

Location of Reinvestment Zone: The property on which the improvements will be built is an approximately 170 acre tract located in the McGregor Industrial Park. 

Improvements:  Approximately 600,000 s.f. manufacturing plant and related warehouse facility.  Also, investment in a significant amount of manufacturing production equipment.

Capital Investment:  $194,700,000 or more in real property improvements and personal property additions.

Job Creation:  This project is expected to create a significant number of higher-paying jobs. 

The PUBLIC MEETING will be held on December 7^th, 2021, at 6:15 PM, located at: The MCC Conference Center at McLennan Community College located at 4601 North 19th St., Waco, TX 76708.  

All interested parties are encouraged to attend.