A California sign company is moving its headquarters to Hutto with the help of an incentive package worth $450,000 from the city and the Hutto Economic Development Corporation.
The JRS Company, which manufactures sign frames and holders, is spending $5 million to build a 37,000 square foot building at Burge Business Park at 250 County Road 199 in Hutto, said Brad Jaques, the company’s president. He said the company — which had a groundbreaking on Tuesday — plans to begin moving into the building in September.
It will bring 25 employees from Covina, Calif., and hire about 40 new employees in its first year of operation in Hutto, he said. Jaques said the affordability and the quality of life in the greater Austin area, plus the incentive package that Hutto is offering, attracted the company to Texas. “Our employees can actually live and work in very close proximity to each other,” he said.
The Hutto Economic Development Corporation will pay the company $25,000 per year up to 10 years provided that the company has at least 50 employees each year, said Hutto City Manager Odis Jones.
The city is also giving the company a 50 percent reduction on property taxes for up to 10 years, which is worth about $200,000, Jones said.
JRS Company is the first company Hutto has attracted as part of its effort to recruit businesses from California, Jones said. He said the city is also negotiating with two other California-based companies to move to Hutto.