About the project
Technofil USA—a metallic wire manufacturer—is expected to invest $22 million into constructing their two-building facility, said Stephanie Smith, Lake Houston Partnership’s chief economic development officer, during the April 22 City Council Meeting. The manufacturing facility is expected to bring 160 new jobs, and the company has plans to commit to a 10-year lease of the property, she added.
The facility will be located at the Port North 59 Industrial Park, which is located on Rankin Road in Humble, Smith said.
Cost to the city
The city's $321,000 investment incentive will be used for sanitary sewer improvements for Technofil USA’s project, according to April 22 City Council meeting documents. The investment is expected to bring the city an $11.5 million return on investment, Smith said.
