Georgetown, TX (January 30, 2018) – Site Location Partnership (SLP), a Dallas-based site selection advisory firm, announced that HOLT CAT, a Caterpillar equipment sales, rental, parts and service dealer, broke ground January 30th on a regional Caterpillar facility in Georgetown, TX. The 85,000-square-foot facility is expected to open by summer 2019 and create 130 new jobs with a net benefit to more than $16 million over 10 years in the City of Georgetown.
City Council approved an economic development agreement with the construction equipment company in December that included a rebate of up to $2 million in sales taxes generated by the company over five years if the company meets its expectations. The council also approved a $185,000 Georgetown Economic Development Corp. grant to connect a future wastewater line extension. The line will be able to serve adjacent commercial properties when they develop.
“City council’s vision for Georgetown is a caring community, honoring our past and innovating for the future. Businesses like HOLT CAT are part of that future,” Mayor Dale Ross said. “HOLT’s corporate culture and history of community partnership are a perfect match with Georgetown. We are committed to growing a strong and sustainable commercial corridor, and HOLT CAT is a wonderful addition to our business community.”
Before it opens, the company expects to spend a minimum of $20 million in infrastructure and improvements. According to the agreement, the company is expected to have a minimum of $35 million in sales per year, starting in the second year of operations through year six.
“Georgetown is one of the fastest-growing cities, not just in Texas, but in the U.S. Investments in construction and infrastructure are driving demand for heavy equipment and services, and with this new location, we can better serve our customers in this region,” said Peter J. Holt, HOLT CAT CEO and General Manager.
About HOLT CAT
HOLT® CAT is the authorized Caterpillar® heavy equipment and engine dealer for 118 counties in South, Central, North and East Texas. Established in 1933, HOLT sells, services and rents CAT equipment, engines and generators for construction, mining, industrial, petroleum and agricultural applications. HOLT CAT is one of 15 dealers in the Americas to receive Caterpillar’s “Circle of Excellence” award. This award is given to the top five dealers in Caterpillar’s East Region, West/Canada Region, and South America Region. This prestigious recognition is achieved through a dealerships consistent excellence across a variety of business measurements including performance, quality, safety and customer satisfaction.
About City of Georgetown Economic Development
The City of Georgetown Economic Development is committed to supporting the growth and success of its businesses today and into the future. Whether it be workforce, roads, utility infrastructure, safety, or financial tools to help businesses succeed, City leaders are constantly planning and implementing programs to ensure citizens and businesses enjoy an outstanding quality of life. The staff of the City of Georgetown Economic Development can help direct you to the organization best equipped to meet your needs.
About Site Location Partnership
Site Location Partnership is a multi-disciplined advisory firm that enables the growth of businesses, communities and economies through its two primary consulting areas – corporate site selection and economic development. SLP’s Corporate Location Practice helps companies from industrial and commercial sectors select the optimal location for expansion, relocation or consolidation of business facilities. SLP’s Economic Development Practice assists various organizations in implementing business attraction strategies for new corporate investment, job creation and economic growth.
Media Contact
Ashley Freeman
Research Manager
Site Location Partnership
Phone: 972-874-7483
info@sitelocationpartnership.com
https://www.sitelocationpartnership.com