This proposed resolution nominates Exxon Mobil Corporation to the Office of the Governor, Texas Economic Development Bank, for designation as a qualified business and an Enterprise Project under the Texas Enterprise Zone Program.
Exxon Mobil Corporation intends to invest approximately $500 million for machinery, equipment, and hiring and training of workforce to expand the facility and improve manufacturing efficiency and production. As a result of the capital investment being made, Exxon Mobil Corporation respectfully requests to receive job retention benefits under the Texas Enterprise Zone Program.
Section 2303.406(a)(4)(D) of the Texas Government Code allows a project or activity of a qualified business to be designated an Enterprise Project and receive job retention benefits if the business has clearly demonstrated that “the business is able to employ individuals in accordance with Section 2303.402.” Exxon Mobil Corporation qualifies for job retention benefits under this statutory provision because over 25% of the City of Baytown is made up of state enterprise zones (U.S. Census block groups with 20%+ poverty). Exxon Mobil Corporation commits to retaining 2,291 full-time employees and creating 2,100 temporary construction jobs at its Baytown Olefins Plant. Further, ExxonMobil commits that twenty-five percent (25%) of the new employees will be residents of an enterprise zone or economically disadvantaged individuals over the five (5) year Enterprise Project designation period.