Tuesday, April 03, 2018

Detmar Fails to Execute Economic Development Agreement

The City of San Angelo Development Corporation withdrew its $300,000 economic development offer to Detmar Industries for 120 new jobs.  The Development Corporation board approved the incentive funds in September 2017.  Economic Development staff crafted a contract which Detmar did not sign.

COSADC board member Todd Kolls recused himself from the discussion in both the September 2017 and March 2018 Development Corporation meeting.

Detmar is the second local company to not take or return COSADC funding.  TimeClockPlus returned $326,000 in development funds and cancelled their contract in January 2018.

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