Abilene's Bridgestone Bandag plant.

Abilene City Council approves fourth largest DCOA deal in entity’s history

The Development Corporation of Abilene cemented the fourth largest project in its history at Thursday’s Abilene City Council meeting, offering up to $6 million in incentives to Abilene’s Bridgestone Bandag retread plant for its expansion.

The funds are in exchange for retention of 179 employees and creation of 25 full-time jobs by the end of a five-year period.

Abilene's Bridgestone Bandag plant.

The company, in Abilene since 1971, is an automated operation for rubber mixing and production.

It expects to invest roughly $60.3 million in Abilene for expansion in its current facility over the five years, with the new jobs having an average salary of $53,775.

Over 10 years, the project is estimated to generate $21 million in tax benefits, with a total projected economic impact of $1.8 billion over the same period.

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