Hotel one of three new businesses expected to bring jobs to Taylor


Highlights

The 75-room Holiday Inn Express is expected to open in the summer of 2018.

Two companies near opening in Taylor will provide dozens of new jobs, officials say.

Construction will start by midsummer on Taylor’s biggest hotel.

The 75-room Holiday Inn Express will be at 180 Carlos Parker Blvd. NW, near the Williamson County Exposition Center. It’s going to be one of three businesses either planned or about to open that are bringing jobs to Taylor, said Mark Thomas, the president of the Taylor Economic Development Corp.

“There’s lots of opportunity in Taylor if people want to work,” Thomas said.

The four-story hotel is the project of Sadya Capital LLC.

“Taylor is an underserved market,” said Nimesh Patel, the company’s managing director. “They don’t have any new hotels in town, and the most updated is probably about 30 to 40 years old.”

He said the hotel — which will include a pool and a fitness center — is expected to open in the summer of 2018 and provide at least 20 jobs.

The city is providing $1.1 million in incentives to the hotel developer over a 10-year period, said City Manager Isaac Turner. The incentives include rebates on city property taxes and infrastructure improvements, he said.

The hotel will have a meeting room that will help fill a demand in the city for meeting spaces smaller than those offered at the exposition center, Turner said.

Thomas said he expects the hotel to have a “huge” impact on Taylor “if you look at all the County Exposition Center and all the crowds it brings in.”

The hotel also will be close to some baseball fields that draw people from out of town during tournaments, he said.

Thomas said dozens of jobs already are coming to Taylor because two companies are close to opening. Summit Custom Cabinets will open in June at the Mustang Creek Industrial Park on Carlos Parker Boulevard and South Edmond Street. It is expected to create 75 jobs, Thomas said.

The city and the Taylor Economic Development Corp. are providing incentives worth almost $500,000 over a 10-year period to the cabinet company, including property tax rebates, 7 acres and a cash grant.

Also, Noren Products is finishing construction on its building at the Mustang Creek Industrial Park. The company, which designs cooling products to protect technology, is moving its headquarters from Menlo Park, Calif.

It is expected to provide 50 positions in engineering and manufacturing with more possible, Thomas said. The company has the ability to expand the facility, he said.

The Taylor Economic Development Corp. loaned the company $210,000 to buy the land for its 7-acre site, but the company will not have to pay it back if it provides the promised jobs within three years, Thomas has said.

The corporation is also providing an average grant of $5,000 for each job the company creates, with a maximum grant of up to $200,000.



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