SPI Insights

The Greater Conroe Economic Development Council (GCEDC) approved the sale of $23.7 million in bonds at its August 22 meeting to fund infrastructure improvements at the Conroe Park North Industrial Park.

Construction of new streets, signals, and water and wastewater lines will serve the additional 610 acres the council acquired for the park in 2018.

The council has attracted 14 companies to Conroe Park North that have created 703 jobs and spurred almost $400 million in capital expenditures with a $65.3 construction impact, according to its website. The GCEDC also approved a tax abatement agreement on August 22 with a retailer that plans to build a $42 million distribution center at the park that will create 190 jobs.