Domtar Personal Care left the plant in 2018, creating a vacancy and eliminating jobs. Hello Bello hopes to fill at least 110 positions paying a minimum of $ 15 an hour, in return for a $ 2.5 million economic development grant from Waco and McLennan County. In addition to diapers, the factory will produce wipes and other childcare products.
The city and county also approved grants equal to 25% of property taxes over five years, and personal real estate grants on taxes paid over seven years, with the break starting at 70% and falling to 15%. The final part is a subsidy equal to 70% of taxable sales at installation, not exceeding 10 years.
This is where setting up a sales office in Waco, if Hello Bello so wishes, would benefit the community more. If the company followed guidelines from the Texas Comptroller’s Office, Waco and McLennan County could enjoy online sales tax rebates throughout Texas, and possibly beyond.
Collins said in a previous interview that every million dollars in sales would put $ 15,000 in the city vault and $ 5,000 in the county vault.
County Judge Scott Felton said he liked what he heard from Hello Bello.
“Whenever a business comes to town, we base our (incentive) decisions on what we can do to welcome them here, hoping their presence turns out to be more than expected, that they use our community in some aspect. wider, ”Felton said. “I don’t know how this space will be used, but if it’s administration, it’s usually more highly paid individuals.