DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: 8
SUBJECT:
A Resolution to nominate NuStar Logistics, L.P. ("NuStar") as a Texas Enterprise Project.
SUMMARY:
Staff is requesting City Council approval of a Resolution nominating NuStar for designation as a Texas Enterprise Project. The Texas Enterprise Zone ("TEZ") is an economic development tool that allows local communities to partner with the State of Texas to encourage job creation and capital investment in economically distressed areas. The TEZ designation will make NuStar eligible to apply for State Sales and Use Tax refunds on qualified expenditures of up to $1.25 million over five years. This nomination has no fiscal impact to the City.
BACKGROUND INFORMATION:
NuStar's global headquarters ("Headquarters") is located at 19003 W Interstate 10 in City Council District 8, and is a wholly owned subsidiary of NuStar Energy, L.P. ("NuStar Energy"). NuStar Energy is one of the largest independent liquid terminal and pipeline operators in the United States. NuStar Energy engages in the transportation of petroleum products and anhydrous ammonia, and the terminaling, storage and marketing of petroleum products, and employs more than 1,600 people worldwide.
NuStar and its employees take great pride in giving back by contributing time, talent, money, and other resources to hundreds of community initiatives each year. In 2017, NuStar employees contributed 35,000 volunteer hours in San Antonio to charitable and civic causes.
NuStar is requesting a City Council Resolution nominating NuStar for designation as a TEZ in connection with its capital investment of approximately $15 million at its Headquarters over the next five years. This investment includes overhauling numerous information technology systems and implementing new computer capabilities aimed at increasing efficiency, operational performance, and user interface support. The Headquarters will be de...
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