Approval for the last in a series of benefits encouraging Orgill, Inc. to place a new expansion center in Kilgore has been completed.
Gregg County Commissioners voted Thursday to approve a foreign-trade zone designation for the company’s Synergy Park expansion. A foreign-trade zone designation reduces or eliminates customs duties paid on imported goods. As a result, Orgill, the world’s largest independent hardlines distributor, can save money on products it purchases from other countries.
“This is simply the final box to be checked in a list of incentives that led Orgill to choose Kilgore as its expansion site,” said Jana Russell, assistant director of Kilgore Economic Development Corporation.
“Thank Orgill for everything you do for our county,” Stoudt said, addressing Vic Price, vice president of distribution for Orgill’s southwest region, who attended the meeting. “It’s great that you’re expanding and I’m glad I clarified the square footage you’re putting on there, 300,000 square feet.”
The board voted unanimously to approve the designation.
KEDC offered several benefits to Orgill to encourage them to choose Kilgore for their new expansion, which was announced in August. In addition to the foreign-trade zone designation, the city of Kilgore, Kilgore ISD and Kilgore College agreed to offer 10 years of tax abatement on the expansion property.
Also on the agenda was a fiscal year 2019 service agreement between the county and Kilgore Public Library. This annually renewed agreement calls for an $8,000 payment from the county to the library to be paid in two equal installments over the 12-month period of the contract. In return, the library must provide the county with a copy of its most recent Annual Report, including its Annual Library Statistics Report, within 30 days of the end of the fiscal year.