A Sugar Land-based packaging company is planning a $9.5 million expansion to its campus that could generate 30 new jobs for Fort Bend County, according to documents submitted to the Greater Fort Bend Economic Development Corporation.
The Fort Bend County Commissioners Court in August unanimously approved an economic incentive agreement for the Reinvestment Zone No. 23 – a 17-acre tract of land in Sugar Land upon which sits the campus of Accredo Packaging – in which the area would qualify for a 35 percent tax abatement.
The measure passed unanimously, with no conversation among commissioners.
Officials with the company did not respond to a request for comment about the expansion as of Thursday afternoon.
But in documents submitted about the expansion, company officials detail that this is the fourth phase of expansion at the Sugar Land facility.
As part of the expansion, crews will add 83,000 square feet of office and lobby and covered parking space, according to the documents.
The total cost of the expansion will be about $9.5 million, it will add an additional 30 jobs to the company’s already existing 525 employees and should be complete by January 2022, according to the documents.
A realty company, called API Realty LLC, will own the facility and lease it to Accredo Packaging, according to the documents.
Accredo Packaging first opened its doors in 2009 in Sugar Land and manufactures and supplies sustainable packaging for various markets, according to the company’s website. The Sugar Land facility is 100 percent powered by wind energy and includes a solar panel array on the roof, according to the company.