DEPARTMENT: Economic Development Department
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: 2
SUBJECT:
United Parcel Service, Inc. (UPS) Tax Abatement Agreement, the establishment of a UPS Reinvestment Zone, and nomination as a Texas Enterprise Project.
SUMMARY:
This item includes: (A) A Public Hearing and Ordinance designating the United Parcel Service Reinvestment Zone located at 6400 Seven States Boulevard near the intersection of Gibbs Sprawl and Rittiman Roads in San Antonio, Texas in Council District 2; (B) An Ordinance approving a 6-year, 40% Tax Abatement Agreement with UPS on its planned investment of approximately $85 million in real and personal property improvements, and the creation of at least 25 new full-time jobs and the retention of 600 existing full-time jobs; and (C) A Resolution nominating UPS for consideration and designation as a Texas Enterprise Project.
BACKGROUND INFORMATION:
Founded in 1907, UPS is the world's largest package delivery company and a leading global provider of specialized transportation and logistics services, dealing with approximately 9 million customers on a daily basis. Headquartered in Atlanta, Georgia, UPS employs approximately 400,000 people nationwide, and in 2013 earned $4.37 billion in revenue. UPS currently has a training facility in San Antonio located at 5313 Summit Parkway in Council District 7, which employs 80 people full-time. UPS also has an existing site in Council District 2 for its Hub operations, which is the site of the proposed expansion. This site currently employs 639 people full-time and 776 people part-time. Overall, UPS employs 971 people full-time through its various San Antonio locations.
This new UPS project involves the expansion of UPS's Hub operations at the existing site located at 6400 Seven States Boulevard in Council District 2. This expansion will result in the creation of an automated Hub facility, the creation of at least 25 ...
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