In a pivotal meeting held at Denton City Hall, city officials gathered to discuss significant economic development initiatives that promise to reshape the local landscape. The spotlight was on two major companies seeking incentives for expansion: United States Cold Storage and PanelRite.

United States Cold Storage, a leader in temperature-controlled logistics, presented an ambitious plan to expand its Denton facility. Established in 1899, the company has been a staple in the community since 2021, operating 37 facilities across 13 states. Their proposed expansion includes a new 100,000 square foot building at 3255 Jim Crystal Road, with a total investment of $35 million. This project is expected to create 172 new jobs over four years, with an average salary of approximately $57,583. The economic impact report indicates that the city could benefit by $1.4 million, while the county and school district would receive $642,000 and $1.6 million, respectively. The council unanimously approved a performance-based tax rebate to support this expansion, highlighting its potential to bolster the local economy.

Following this, PanelRite, a subsidiary of Grupo Pro Max and the largest producer of gypsum drywall in Latin America, sought incentives for its first U.S. manufacturing facility. The company plans to invest $50 million in a 60,000 square foot building on Shelby Lane, creating 20 new jobs with an average salary exceeding the city’s average. The council also approved a tax rebate for PanelRite, recognizing the importance of the construction materials they will provide to meet local demand.

Both projects underscore Denton's strategic growth and commitment to fostering partnerships with businesses that contribute to the community's economic vitality. As these expansions unfold, they promise not only to create jobs but also to enhance the city's standing as a hub for industry and innovation. The council's proactive approach in supporting these initiatives reflects a broader vision for Denton's future, one that prioritizes sustainable growth and community development.